________ are managed accounts, typically mutual funds or ETFs "wrapped" in a service package, and provide investors with advice and assistance for an asset-based fee rather than the traditional front-end load.

Question

Quizplus · Accepted Answer

The description is specifically mentioning "wrap programs" as the type of account which provide assistance and advice for an asset-based fee instead of a front-end load. The other options, such as wrap channels, supermarkets, and fee-based financial advisors may be related to investment, but do not match the given description as closely as wrap programs.

________ Are Managed Accounts, Typically Mutual Funds or ETFs "Wrapped