H$.$A$.$ Wealth Advisors is a new financial services firm that wishes to implement an

overall low$-$cost provider strategy. This strategy is particularly well$-$matched to a

customer$-$market characterized by

multiple possibilities to achieve differentiation that have value to clients.

offerings of rivals that are essentially identical and readily available from many

eager firms.

high switching costs for clients if they wishto transfer their investments to a

different firm.

many clients willing to pay a price premium for portfolio management services.