Test your basic knowledge |

Private Wealth Management

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. situational profiling






2. What are the advantages of private exchange funds for low basis stock?






3. What are the 3 categories of investors when discussing concentrated positions?






4. Describe an individualistic investor personality type.






5. What are investment objectives and constraints?






6. Human capital is sometimes referred to as what?






7. What are typical characteristics of active wealth creators?






8. What is an equity collar? What is the purpose of the underlying positions






9. characteristics of accumulation phase






10. stages of life






11. characteristics of methodical investor






12. Define capital gains taxes.






13. What are the benefits of an IPS to the adviser?






14. What is core capital?






15. What is HIFO accounting?






16. Describe a methodical investor personality type.






17. What are the equity holding life risk attributes for an executive?






18. An investor's willingness to take risk is determined by what?






19. What is the general relationship between tax drag% and tax rate when capital gains taxes are deferred and B=1; and as investment horizon increases and return increases?






20. What are the different global tax regimes and their respective ordinary income tax structure?






21. What are the advantages of completion portfolios for low basis stock?






22. What are the psychological issues of low basis stock held by an entrepreneur?






23. The client's risk tolerance (mostly willingness) is affected by what personal characteristics?






24. As desire to leave an estate increases...






25. In contrast to standard finance (MPT) - behavioral finance assumes individuals do what?






26. Any amount above core capital is considered what?






27. What are the diversification techniques for low basis stock?






28. four types of investors






29. What is intestate?






30. Any amount above core capital is considered what?






31. The client's risk tolerance (mostly willingness) is affected by what personal characteristics?






32. Describe the equity holding life three stages from the perspective of the stock.






33. What are the problems that financial advisers can face with low basis stock?






34. benefits of IPS to client






35. What are the four broad categories of investor personality types (BB&K)?






36. What are the different types of trusts?






37. Why do individuals often take steps to avoid probate?






38. What are the diversification techniques for low basis stock?






39. characteristics of maintenance phase






40. What is the difference between a deterministic approach and a monte carlo approach to portfolio construction?






41. situational profiling






42. What are the disadvantages of an outright sale of low basis stock?






43. sources of wealth






44. What are the disadvantages of completion portfolios for low basis stock?






45. What are the advantages of public exchange funds for low basis stock?






46. What are the different retirment risks and how can they be hedged?






47. What are the advantages of completion portfolios for low basis stock?






48. What are the two sources of wealth?






49. How is mortality risk typically hedged?






50. What are the advantages of public exchange funds for low basis stock?