Robert Smith CFA, is a portfolio manager working for an investment company in the U.S. One day, one of his clients offered Robert additional compensation based on the capital appreciation of the portfolio each year, beyond the compensation offered by the investment company. Which of the following is correct?

Select one:

a.

None of the others

b.

Robert should disclose to his employer, customers, and clients, if he accepts this offer

c.

This will result in conflicts with his long-term performance, so Robert should not accept this additional compensation

d.

Robert should report this issue to CFA Institute and seek for permission.

e.

This will result in conflicts with the interests of the other client accounts, so Robert should not accept the additional compensation