What is the primary role of a mutual fund distributor?

The primary role of a mutual fund distributor is to facilitate investor mutual fund transactions. This includes actions such as assisting clients in purchasing and redeeming mutual fund shares, providing information about different mutual fund offerings, and helping investors select funds that align with their investment goals and risk tolerance. The distributor acts as an intermediary between the investors and the mutual fund companies, ensuring that transactions are executed efficiently and that investors have access to the necessary resources and information related to their investments.

The other choices focus on roles that are not principally the responsibility of a distributor. Managing the mutual fund's investments falls primarily to the fund manager, who makes the actual investment decisions based on the fund's strategy. Assessing investment risks for clients can be part of a financial advisor’s role, but it is not the main function of a distributor. Providing tax advice is typically the domain of tax professionals or accountants, rather than mutual fund distributors, whose focus is on transaction facilitation and investor education regarding mutual funds.