SECTION 6.1.1. LO.E.

10. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R47 THE PORFOLIO MANAGEMENT PROCESS AND THE IPS Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R47 THE PORFOLIO MANAGEMENT PROCESS AND THE IPS Q BANK
10. A is correct. A client's circumstances can change over time and portfolio managers need to be aware of these changes and update the IPS accordingly. Section 5.2-5.3. LO.c, d.