In a best execution scenario, which outcome did the adviser aim to achieve for the client?

• A. A getting the highest total consideration for the sale.
• B. B fully disclosing to the client all commissions the adviser will earn.
• C. C scaling its execution charges by the value of the shares.
• D. D ensuring that the shares are appropriate for the purchaser.

Answer: (A)

Best execution means the adviser must strive for the most favorable result for the client when carrying out a trade, weighing price against costs and other factors like speed and likelihood of completion. For a sale of shares, the primary objective is to secure the highest total consideration for the client—that is, the best price achieved after any costs or commissions, yielding the greatest net proceeds. The other points touch on transparency or separate duties (disclosing commissions, charging structures, or ensuring a purchaser’s suitability) but they do not define the outcome of executing the client’s trade in line with best execution.