an investment adviser based in beverly hills, california whose clientele consists of wealthy entertainment celebrities, invests its clients' monies with the objectives of growth and income, along with safety of principal. the adviser allocates customer monies across various equity funds, bond funds, reits and relps, and collects an annual advisory fee equal to 1% of assets. the adviser is recommending to its clients partnership units in rental condominiums being built in las vegas, nevada. the developer of the condominiums will pay a 6% commission to the adviser for each real estate partnership unit sold. which statement is true?
