Vijay Gill, CFA, leases office space from Land Bank in exchange for an
agreement that Gill will pay Land 20% of any fees paid by Land customers to Gill
for investment management services. Gill also has an arrangement with Bloom
Insurance Advisors whereby Gill receives a fee for each client referred. Gill
only refers clients that request insurance products. Gill meets with Randolph
Song, a Land Bank customer, who is interested in Gill’s asset management
services as well as insurance products. Gill is required to disclose to Song:
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A)
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the terms of the arrangement with Bloom, but not the terms of the
arrangement with Land Bank.
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B)
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the terms of the arrangements with both Land Bank and Bloom.
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C)
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neither the Land Bank nor Bloom arrangements, but may disclose them if he
chooses to do so.
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