John Hill, who is leaving Advisors, receives a call from a former client. Has he violated the Standards?

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The correct answer reflects that John Hill has not violated the Standards, as there isn't an inherent breach of loyalty simply by communicating with a former client. When a professional leaves a firm, they are generally allowed to maintain relationships with clients they previously served, as these clients have the right to choose who they want to work with.

Furthermore, ethical guidelines do recognize the importance of client autonomy—clients are free to pursue relationships with any advisor they prefer. As long as the communication does not involve soliciting business in a way that undermines the former employer's interests or violates any agreements regarding confidentiality or non-solicitation, there is no ethical breach.

In this scenario, because John is merely receiving a call from a former client, it does not constitute a violation of the Standards, assuming he is not actively seeking to solicit the client away from Advisors inappropriately.