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21-12-2022
Business

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an investment adviser representative has joined the local golf club, where there are many wealthy club members. at the club, the iar has met many individuals who are interested in having her investment advisory firm manage their money. as an inducement only available to club members, the iar offers to reduce the annual management fee to .25% of annual average net assets from the usual fee of .35%, conditioned upon a minimum of $500,000 being invested by that club member. which statement is true about this offer?

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