Canadian Securities Course (CSC) Level 1 Practice Exam

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What is the relationship disclosure document?

  1. A document that discloses personal information about clients

  2. A document outlining conflict resolution strategies

  3. A document providing clients with details about services offered, fees, and more

  4. A document explaining market trends to clients

The correct answer is: A document providing clients with details about services offered, fees, and more

The relationship disclosure document is essential in the financial services industry as it provides clients with crucial information about the nature of their relationship with the advisor or firm. This includes details about the services being offered, the associated fees, and other relevant terms that govern the client-advisor relationship. By clearly laying out this information, the document helps clients make informed decisions regarding their financial matters and establishes transparency, fostering trust between clients and advisors. The other options, while potentially related to aspects of client engagement, do not encapsulate the primary purpose of a relationship disclosure document. Personal information about clients is typically protected under privacy regulations and not outlined in this type of document. Conflict resolution strategies, although important, are not the central focus of a relationship disclosure document. Similarly, while providing an overview of market trends could be useful for clients, it is not relevant to the specific disclosures regarding services and fees that the relationship document addresses.

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