李同学2022-05-11 08:51:55
李同学Total firm assets include all discretionary and non-discretionary assets, but do not include assets assigned to a sub-advisor unless the firm has discretion over the selection of the sub-advisor. 老师这句话的表述是正确还是错误?
回答（1）
Chris Lan2022-05-11 10:12:41
Chris Lan同学您好
这句话我觉得是对的。
对应的就是原文中的如下这句话的规定。
Total firm assets include assets managed by sub-advisors that the firm has authority to select but do not include advisory-only assets or uncalled committed capital.
大意是说，公司总资产包括公司有权选择的次级顾问（子顾问）管理的资产，但不包括顾问专用资产或未付的承诺资本。从这话话中，可以看出公司是要有权选择次级顾问的才算。
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