Banks seeking to move into investment services will often act as the distributor for mutual fund products created by an investment firm that lacks extensive distribution channels of its own.

Question

Quizplus · Accepted Answer

This statement is true. Banks often partner with investment firms to offer their mutual fund products to their customers. The banks act as distributors in this case, providing access to the investment firm's products to customers who may not have other means of accessing them.

Banks Seeking to Move into Investment Services Will Often Act