• What are the different ways that professional money management firms can be organized, and how has the structure of the industry changed over time?
• Who manages the portfolios at investment advisory firms and investment companies, and how are those managers compensated?
• How do you compute the net asset value (NAV) for investment companies?
• What is the difference between closed-end and open-end investment companies?
• What are load fees, 12b-1 fees, and management fees, and how do they influence investment company performance?