Considering offering nonproprietary mutual funds

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Assume the role as a consultant for XYZ Bank. It is considering offering nonproprietary mutual funds to its customers as well as a variable annuity program for those interested in accumulating savings for retirement and to help with the costs of a college education for their children. What type of risks will the bank face when it actually begins offering these services? What action plan would you recommend to help minimize these risks and make the program successful?

Reference no: EM131066506

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