Tony Clinton, a portfolio manager with Northwest Bank, has just been given investment authority for a newly-acquired pension account. Client objectives have not yet been established. On the day Clinton was given the account, $2 million of the accounts bond holdings, representing 4 percent of the portfolio, matured. Based on CFA Institute Standards of Professional Conduct, which of the following is Clinton's best course of action on that day?

a.Make no decision until the clients objectives are established.

b.Invest the proceeds in line with the bank's current asset allocation strategy.

c.Invest the proceeds in cash equivalents until Clinton can arrange a meeting with the client to establish fund objectives.

d.Contact the client's former investment advisor to find out the appropriate investment action based on previously-used guidelines.