Many High-Net-Worth Individuals Object to Using Mutual Funds Because of the Individual

Multiple Choice

Many high-net-worth individuals object to using mutual funds because of the individual investor's lack of control over taxes, their lack of any input into investment decisions, and the absence of "high-touch" service. The use of ________ respond to all these limitations of mutual funds.

A) SMAs
B) ETFs
C) RICs
D) None of these