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1)In today's financial planning practices, most planners use a 'platform' for their clients' investments. a)Describe the differences between a WRAP and a Master Fund? b)What

1)In today's financial planning practices, most planners use a 'platform' for their clients' investments.

a)Describe the differences between a WRAP and a Master Fund?

b)What are the benefits for a planner in using a 'platform'?

c)Explain the purpose of an Approved Product List (APL).

d)If a planner is recommending a particular Fund within a WRAP platform, what additional research must the planner do beyond the APL?

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