Investment Company and Variable Contracts Products Representative (Series 6)Practice Exam

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Which professionals are NOT typically considered investment advisers?

Lawyers, accountants, teachers, and engineers
Brokers and financial planners
Insurance agents and real estate brokers
Investment bankers and stock analysts

The correct answer is: Lawyers, accountants, teachers, and engineers

Professionals such as lawyers, accountants, teachers, and engineers are not typically considered investment advisers because their primary roles do not center around providing investment advice or managing investments for clients. Instead, they offer services in their respective fields—legal advice, accounting services, education, or engineering expertise. While they may have knowledge of financial matters or provide insights related to their work, they do not primarily operate as advisers within the investment sector, which usually entails an ongoing relationship focused on managing an investment portfolio or giving specific investment recommendations. In contrast, other listed professions such as brokers, financial planners, insurance agents, real estate brokers, investment bankers, and stock analysts are more commonly associated with investment advising, as they actively engage in activities that involve recommending, buying, or selling securities, or managing investments.