Series 63 practice questionmediumIAR Definition – Partners and Supervisors
Which partner at an investment advisory firm must register as an IAR under the USA?
- AA silent partner with no active involvement
- BA partner who supervises IARs providing advice to clients✓ Correct answer
- CA partner who only handles accounting
- DA limited partner with no operational duties
Explanation
Why B — A partner who supervises IARs providing advice to clients
Partners with supervisory roles over advisory activities must register as IARs. Passive or non-advisory partners (A, C, D) are not required to register (USA Section 401(b)).
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