FISD Financial Information Associate (FIA) Module 1 Practice Test 2026 - Free FIA Practice Questions and Study Guide

Sell-side firms are investment banks and brokerages that underwrite and distribute new securities, facilitate trading, and provide research and advisory services to clients such as asset managers and institutional investors. Goldman Sachs fits this role as a quintessential major sell-side firm because it underwrites deals, helps raise capital for companies, acts as a market maker, and sells research and investment banking services to clients. The other options are not primarily sell-side firms: Facebook (Meta) is a technology company; Deloitte is a professional services firm focusing on audits and consulting; Pfizer is a pharmaceutical company.