SIE Understanding Products and Their Risks Practice Question 59
Question: 59
Which of the following is correct regarding "direct-sold" or "advisor-sold" 529 plans?
Correct Answer: C
Explanation:
C: Choice C is correct because direct-sold investors may pay lower fees and not have professional advice provided. Choice A is incorrect because some states offer direct-sold 529 plans by mail or through a website only to their own residents. Choice B is incorrect because "advisor-sold" 529 plans are sold through broker-dealers. Choice D is incorrect because "advisor-sold" plans may have higher fees and offer investment advice from a professional advisor.
More Tests
- SIE Exam Practice Test 1
- SIE Exam Practice Test 2
- SIE Exam Practice Test 3
- SIE Exam Practice Test 4
- SIE Exam Practice Test 5
- SIE Exam Practice Test 6
- SIE Exam Practice Test 7
- SIE Exam Practice Test 8
- SIE Exam Practice Test 9
- SIE Exam Practice Test 10
- SIE Exam Practice Test 11
- SIE Exam Practice Test 12
- SIE Exam Practice Test 13
- SIE Exam Practice Test 14
- SIE Exam Practice Test 15
- SIE Exam Practice Test 16
- SIE Exam Practice Test 17
- SIE Exam Practice Test 18
- SIE Exam Practice Test 19
- SIE Exam Practice Test 20
- SIE Exam Practice Test 21
- SIE Exam Practice Test 22
- SIE Exam Practice Test 23
- SIE Exam Practice Test 24
- SIE Exam Practice Test 25