3-One of your clients is interested in purchasing a closed-end fund as part of their portfolio. They want to contribute

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answerhappygod
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3-One of your clients is interested in purchasing a closed-end fund as part of their portfolio. They want to contribute

Post by answerhappygod »

3-One of your clients is interested in purchasing a closed-end
fund as part of their portfolio. They want to contribute $500
bi-weekly in line with their paydays. How would you handle
this request?
A-Advise your client that she cannot make bi-weekly contributions
automatically as it would not take load fees into account
B-Advise your client that she cannot make bi-weekly contributions
automatically as closed-end funds cannot offer partial units
C-Advise your client that she would have to choose a fund that
offers that service as not all closed-end funds allow
pre-authorized contributions
D-Set up the Pre-authorized contribution on behalf of your
client
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