Question

Kenneth is very particular about his investment decisions and likes to perform an extensive market research before making any major investment. He, however, does not have the time and expertise to conduct market research. To deal with this situation, he should hire a(n) _____.

Answer 1

Institutional investor.

Step-by-step explanation:

Organizations which raise funds from individuals and corporation and invest, as principle in the stock markets, using professional management and operating within the constraints provided by their own articles and trust deeds and tax and legal considerations.

Institutional Investors characteristics:

– Paid to manager other people’s money

– Typically manage large amounts of money

– Include: banks, life insurance companies, mutual funds and pension funds.