Question

select the correct answer.
mike is a busy ceo of a large company. he is a wealthy individual with a number of investments and properties to his name. which of the following financial institutions could help him manage all of his investments and properties?
a. insurance company
b. asset management firm
c. mortgage loan company
d. credit union

Explanation:

Mike needs to manage his investments and properties. An asset management firm specializes in managing clients' assets (including investments and properties), while an insurance company focuses on insurance, a mortgage loan company on loans, and a credit union on savings/loans for members. So an asset management firm is the best fit.

Answer:

B. asset management firm