n NISM Certifications
X NISM Series X
Medium

Which function is NOT typically performed by a fee-only adviser?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Rebalancing the portfolio

  2. Execution of trades

    Correct answer

  3. C

    Determining asset allocation

  4. D

    Identifying suitable products

Why this is the answer

Fee-only advisers provide advice and planning but generally do not execute trades themselves; that is delegated to brokers.

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