Lana Torres, CFA, is a founder of her own private investment advisory practice serving senior clients with high net worth. Since inception, Torres has always invested her clients' money in blue-chip stocks with high dividends. With the recent boom of technology stocks, Torres determined that the technology stocks will have a better return for her clients in the medium term and allocated a portion of her clients' assets into the small-cap technology stocks that she has done thorough analysis on. She plans to inform clients of this change in her next market commentary in three months. Did Torres violate any CFA Institute Standards? O No, because her investment action was done diligently with reasonable basis. O Yes, because she did not inform her client about the change in the investment process promptly. No, because her action fulfilled the duty to clients