ETHICS Question

[clip1989]

Hello All,
I can’t seem to remember how this goes. When you are presenting a composite, you must present what in terms of discretionary vs non discretionary accounts, as well as fee paying vs non-fee paying accounts
Same Question relating to Total Firm Assets.
Thanks!!!

 

[wct2010]

I believe all discretionary, fee-paying accounts must be included in at least 1 composite. Non-discretionary, non-fee paying accounts do not have to be included.
For Total Firm Assets, all accounts are included (discretionary and non, fee paying and non).

 

[clip1989]

i believe that is correct, thank you for your help!