According to a flyer from a well-known broker, \"Most personal investment manage

Question

According to a flyer from a well-known broker, "Most personal investment managers base their fees on a percentage of assets managed. We believe this is in your best interest because your manager is paid for investment management, not solely on the basis of trading commissions charged to your account. You can be assured your manager's investment decisions are guided by one primary goal-increasing your assets." s this policy in a customer's best interest? Why? This policy O A. is in a customer's best interest because these investment managers may attract more stable, long-term investments O B. may not be in a customer's best interest because it may attract investment managers who have less ability to make wise investments. O C. may not be in a customer's best interest because investment managers may spend most of their effort seeking new assets to manage instead of helping current customers. OD. ert beay tec eent managers who se more elyto wok hard OE. may not be in a customer's best interest because it may signal that investment managers are relatively risk averse.

Explanation / Answer

The option D is correct

because is customer's best interest because it may attract investment managers who are more likely to work hard, if they work hard then they collectmore information about market and both profit willincrease.

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