An investment adviser representative (IAR) is best described under the Uniform Securities Act as:

An investment adviser representative (IAR)

Multiple choice — select the best answer

AAny entity that manages a pooled investment vehicle for multiple clients
BA broker-dealer that also provides incidental investment advice
CA natural person associated with an investment adviser who makes recommendations or manages client accounts
DA person who solicits new accounts for a broker-dealer exclusively

✓ Correct answer: C. A natural person associated with an investment adviser who makes recommendations or manages client accounts Under the USA, an IAR is a natural person who is associated with an investment adviser and who makes securities recommendations, manages accounts, or solicits advisory clients, distinguishing the individual from the advisory firm itself.

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Topic: Uniform Securities Agent State Law

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An investment adviser representative (IAR) is best described under the Uniform Securities Act as:

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