Banking · Wealth Management & Advisory Services
A high-net-worth individual (HNWI) with significant liquid assets approaches a retail bank branch seeking customized portfolio diversification with low risk while maintaining final control over investment choices. Which service mode best aligns with his requirement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Recommending mutual funds only as they carry zero risk.
- 2Using Advisory Portfolio Management Services (PMS) for tailored suggestions while allowing the customer final approval.✓
- 3Suggesting Discretionary PMS where the portfolio manager trades without prior consent.
- 4Offering only fixed deposits and basic savings products.
Correct answer
Using Advisory Portfolio Management Services (PMS) for tailored suggestions while allowing the customer final approval.
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