A proprietary mutual fund is where the bank sells a mutual fund through one of their affiliated companies and where the bank can act as an investment advisor.

Name: A proprietary mutual fund is where the bank sells a mutual fund through one of their affiliated companies and where the bank can act as an investment advisor.
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In a proprietary mutual fund, the bank sells its own mutual fund through an affiliated company and can also act as an investment advisor for the fund.

A Proprietary Mutual Fund Is Where the Bank Sells a Mutual