In a(n) _____ account, you choose a money manager or several money managers offered by the brokerage and all commissions and costs are covered by a single fee.
A) asset management
B) discretionary
C) wrap
D) advisory
E) cash

Question

Quizplus · Accepted Answer

The description matches the definition of a wrap account, where one fee covers all costs and commissions for a chosen money manager or multiple managers offered by the brokerage.

In A(n) _____ Account, You Choose a Money Manager or Several