Garret Hack, CFA, works in the trust department of Boone County National Bank. He is a believer in efficient markets and diversification through index funds and makes this clear to each of his clients and potential clients. As a result of this, when he is trading for a client:

Group of answer choices

He must still have a reasonable and adequate basis for any investment analysis, recommendations, or action.

He can trust that any security is fairly priced and buy and sell securities without analysis.

Hack should follow his employer's model portfolio for all of his clients.

Hack can place all of his clients in the same model portfolio since he disclosed his beliefs to all the clients.