Investment companies are successful in attracting business away from banks and insurance companies primarily because they

Question

Quizplus · Accepted Answer

Investment companies give savers cheaper access to the direct securities markets, which is one of the primary reasons why they are successful in attracting business away from banks and insurance companies. Banks and insurance companies may not be able to provide the same direct access and may have higher fees or charges associated with investment products.

Investment Companies Are Successful in Attracting Business Away from Banks