Respuesta :
True, it is reasonable to believe that income from investment management is more stable than income from underwriting or trading operations given the distinctions between investment banks, commercial banks, and retail banks.
Commercial banks serve a wide range of clients, including the general public and businesses, by accepting deposits, disbursing loans, protecting assets, and working with them.
Investment banks are financial institutions that perform a variety of tasks, including underwriting, assisting companies with the issuance of equity and debt securities through initial public offerings (IPOs) or fixed-price offerings (FPOs), facilitating mergers and acquisitions (M&As) on both the buy-side and sell-side of the deal, corporate restructuring, and many other tasks.
Investment management, often referred to as asset management, fund management, or portfolio management, is the process of guiding private or institutional investors to appropriate investment opportunities that will support the achievement of their growth goals. High-Net-Worth Individuals are typically those who consult investment consultants or asset managers (HNIs). An asset manager's job is to offer support while investing in a variety of instruments, including hedge funds, fixed-income securities, real estate, and shares. Some prefer to refer to it as the "buy-side," as asset managers are expected to purchase investment goods in accordance with their client's needs for wealth growth.
To know more about Asset Management click here,
https://brainly.com/question/29417144
#SPJ4