Canadian Securities Course (CSC) Level 2 Practice Exam 2026 - Free CSC Level 2 Practice Questions and Study Guide

The correct answer is the household account, which is specifically structured to facilitate the organization and management of investments for a family or household. This type of account allows multiple accounts to be aggregated under one umbrella, enabling easier tracking of total family assets, streamlined reporting, and potentially reduced fees on a per-account basis.

Managed fee-based accounts, while they might also allow for some level of coordination, are typically focused on individual management with investment strategies tailored for a single account. Exchange-traded wraps generally involve specific investment products that may not consolidate holdings across multiple family members. Separately managed accounts focus on providing customized asset management but usually pertain to individual accounts rather than a collective grouping for a household.

Thus, the household account uniquely addresses the coordination of multiple holders, confirming that it is the most suitable choice for managing investments as a family unit.