n NISM Certifications
NSM General NISM
Medium

A client challenges a wealth manager's fee. The wealth manager immediately reduces it without being asked. This behaviour is most characteristic of which identity?

Practice question from Advanced B1S8 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Peer

  2. B

    Expert B

  3. Vendor

    Correct answer

  4. D

    Professional

Why this is the answer

Dropping the fee without being asked signals desperation and a lack of confidence in one's own value. A peer-level wealth manager holds the fee without apology, because they believe the client needs them as much as they need the client.

Test yourself for real

Take a full General NISM mock test.

Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.