All of the following are true with regard to the demand for financial advisers, except
A) many people lack an understanding of personal finance.
B) many people prefer to rely on advisers rather than making their own decision.
C) many people are just not interested in making their own financial decisions.
D) only financial advisers can purchase mutual funds for a person's 401(k).

Question

Quizplus · Accepted Answer

Financial advisers are not the only ones who can purchase mutual funds for a person's 401(k); individuals can also make these purchases on their own or through various online platforms. The other options (A, B, C) correctly describe reasons for the demand for financial advisers.

All of the Following Are True with Regard to the Demand