An asset management account does all of the following, except
A) combines deposit accounts with a brokerage account that is used to buy or sell stocks.
B) provides a single consolidated statement showing the ending balance and activity of all accounts.
C) requires a small initial investment to start.
D) sweeps any unused balance in the brokerage account into a money market account at the end of the day.

Question

Quizplus · Accepted Answer

Asset management accounts typically require a relatively large initial investment, not a small one, distinguishing them from some other types of accounts that might allow for smaller initial investments.

An Asset Management Account Does All of the Following, Except