Question $1(10$ Marks$)-$ Scenario

Kevin is a partner at Kevin and White Ltd$.,$ a reputable investment firm specializing in the provision of advisory services. During a meeting with a potential client, who recently inherited an investment portfolio valued at RM$70,000,000.$

Kevin emphasizes the firm's capabilities and its unwavering professional commitment. He assures the client that Kevin and White Ltd$.,$ is fully equipped to manage all aspects of their financial and investment affairs. He states, "Kevin and White Ltd$.$ provides assurance that our firm is capable of delivering a comprehensive range of financial and investment services tailored to your specific objectives."

Kevin further elaborates that the firm possesses extensive expertise in investment consultancy and is well$-$positioned to offer a broad suite of services, including, but not limited to$,$ risk management and tax planning. Through this integrated approach, Kevin and White Ltd$.$ aims to ensure a holistic strategy for wealth management and long$-$term investment success.

Required:

Based on the above scenario, comment and discuss Kevin's professional conduct on whether he violated any of the CFA standards and the appropriate actions that he should take by applying the CFA Standards of Practice Handbook.

$(10$ marks$)$