Question: For the question (1, 2, 3), you are assuming the role of a Financial Advisor. A new client, with no investment experience, enters your office

For the question (1, 2, 3), you are assuming the role of a Financial Advisor. A new client, with no investment experience, enters your office and is interested in investment options. You recommend that they consider mutual funds, to which your client asks you three questions (below). Answer all three questions in a manner that would be appropriate for a client-facing experience.

1. What is a mutual fund?

2. What are the main advantages of mutual funds for investors?

3. What are the main weaknesses of mutual funds?

4. What are the main differences between the two methods (trust, corporation) of structuring a mutual fund?

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