Investment Providers, Mutual Funds & ETFs

Provides counsel and investment recommendations based on powerful research.

• Financial Planners

• Discount Brokers

• Full Service Brokers

• Mutual Funds

An ETF is a

• Type of mutual fund.

• Energy Transfer Fund

• Exchange Traded Fund

• Efficient Transfer Fund

Pools assets like stocks, bonds, money market instruments and other assets structured to meet stated investment objectives.

• Mutual fund

• ETFs

• Full service brokers

• Discount brokers

Pooled assets similar to a mutual fund, but structured as investment trusts to be traded on the stock market.

• Financial planning firms

• Full broker investment banks

• Class A mutual funds

• ETFs

Why are ETFs (Exchange Traded Funds) more cost effective and liquid than a mutual fund.

• A sale does not require the liquidation of underlying assets because the ETF shares are traded on the stock market, not the assets.

• I don't know.

• They are not more cost effective.

• Exchanging pooled assets is not very expensive.

Has high fees because of the investment counseling services and recommendations offered to clients based on powerful research.

• Investment Bank

• Discount broker

• Deep discount broker

• Full Service Broker

Infamous for "churning" accounts to increase transactional fees charged to clients.

• Full Service Broker

• Discount Broker

• Deep Discount Broker

• Financial Planner

Full Service Broker fees can include ... (Select all that apply.)

• % of the portfolio value, usually around 1%

• Hourly Counsel Fees

• Transaction Fees

• Sales Commissions

Financial planners can be compensated with ... (Select all that apply).

• Flat Fee

• Hourly Fee

• Wages

• Sales Commission

An investment sales commission is a

• An hourly fee charged to offer advice.

• An operating expense of the investment.

• An annual fee based on the portfolio's value.

• Compensatory fee paid to the sales person who sells the investment.