I. The trend toward proerams by brokers and advisors has been driven b br increa
ID: 2600994 • Letter: I
Question
I. The trend toward proerams by brokers and advisors has been driven b br increased empowerment of individuals to do their own trading which in tun is the result of better technology and discounted trading fees. a) Asset allocation b) Fee-based c) Structured Products d) Commission-based 2. One common way that full-service brokers and advisors today add value in response to pressures mentioned above is by a) lowering commissions to match discount brokerage models b) studying and selecting the right combination of money managers and products to get a good balance of styles and sectors strengthenin their securities analysis knowledge base to make them better stock-pickers providing more golfing and entertainment events for high value clients c) d) 3. The type of fee-based account that cannot be solicited by the advisor is a: a) Managed account b) Branch account c) Manager's account d) Discretionary account 4. Advantages of a Wrap Account include: a) management fees are normally charged separately to clients accounts b) management fees inside an RRSP for Wrap accounts are tax c) fees for multi-manager wrap programs are the same as for a single d) all of the above deductible management firmExplanation / Answer
(a) Commission Based
(b) Strengthing their securities analysis knowledge base to make them better stock - pockers.
(c) Manager's Account.
(d) All of the above.