1) In today's financial planning practices, most planners use a 'platform' for their clients' investments. a) Describe the differences between a WRAP...

1)    In today's financial planning practices, most planners use a 'platform' for their clients' investments.

a)    Describe the differences between a WRAP and a Master Fund?

b)    What are the benefits for a planner in using a 'platform'?

c)    Explain the purpose of an Approved Product List (APL).

d)    If a planner is recommending a particular Fund within a WRAP platform, what additional research must the planner do beyond the APL?