What is the primary function of an equity market questionnaire?

The primary function of an equity market questionnaire is to gather insights about investor preferences, goals, and risk tolerance. Such questionnaires are instrumental in understanding how an individual or institution can tailor their investment strategy to align with the client's needs and objectives.

While comparing different investment firms can be a component of the overall investment assessment process, it is not the primary purpose of an equity market questionnaire. Instead, it focuses on understanding the investor's specific requirements, which helps in making informed decisions and recommendations regarding equity investments.

In the context of this question, the best choice reflects the essential goal of aligning investment strategies with the unique attributes of each investor based on their responses to the questionnaire. This understanding leads to more personalized and effective investment approaches.