Canadian Securities Course (CSC) Level 1 Practice Exam

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What does an investment advisor do?

Sell insurance policies to clients
Provide tax preparation services
Help individuals or entities invest in indirect investments
Offer legal advice on estate planning

The correct answer is: Help individuals or entities invest in indirect investments

An investment advisor specializes in helping individuals or entities invest in indirect investments. This involves providing guidance and recommendations on various investment products such as mutual funds, exchange-traded funds (ETFs), and other securities. Investment advisors analyze their clients' financial goals and risk tolerance to create personalized investment strategies. Selling insurance policies, providing tax preparation services, and offering legal advice on estate planning are activities that typically fall under the responsibilities of professionals in other fields such as insurance agents, tax preparers, and estate planning lawyers, respectively. Therefore, the correct answer is C as it specifically aligns with the role and duties of an investment advisor.