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Adam Green, a portfolio manager, is making a presentation to a prospective client.

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Adam Green, a portfolio manager, is making a presentation to a prospective client. Green says that as a new portfolio manager, he made an average annual rate of return of 40% in the last two years at his previous firm

and that based on this, he can guarantee a 40% return to the client. Which of the following statements is in accordance with Standard III(D), Performance Presentation?

A.

Implying that he can guarantee a return.

B.

Stating his past performance as long as it is fact.

C.

Imputing his past performance to future performance.

D.

Implying that he can guarantee a return based on just 2 years of performance.

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