Mary Walters, CFA, is a trust officer at a regional branch of Money Center bank. She has entered into a referral agreement whereby she will refer clients to Bob Sear, a tax attorney who she believes is the best in the business. Sear has told Walters that he will do the tax work on her children’s trust, created by their grandparents, in return for such referrals. According to the CFA Institute Code and Standards, Walters should disclose the arrangement to: