An investment adviser representative is also a commisioned representative at a brokerage firm. the iar has developed an asset allocation portfolio model for the client, who approves of the plan and achknowledges all the fees associated with the implementation of the plan. these include a management fee and commisions on securities transactions:

The options include:

[A] cannot implement the plan

[B] can implement the plan

[C] can implement the plan only if no commissions are charged

[D] can implement the plan only if no management fee is charged

[B] can implement the plan  is Correct

Explanation:

Because the client or consumer has been fully disclosed and he agrees that the Adviser / Representative will obtain a management fee and commissions the Advisor / Representative will be allowed to progress with the project.