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






2. What are the equity holding life risk attributes for an investor?






3. What are investment objectives and constraints?






4. sources of wealth






5. What is the eifference in willingness to take risk between active and passive wealth creators?






6. What should an investor use in mean-variance optimization






7. What are the main characteristics of the accumulation phase of life?






8. What are the psychological issues of low basis stock held by an executive?






9. What are the main characteristics of chritable gifts?






10. Living expenses in retirment can be referred to as what?






11. characteristics of accumulation phase






12. If human capital is equity-like/fixed-income like - how should you generally allocate financial assets?






13. What are wealth taxes.






14. What are the diffferent types of tax jurisdictions?






15. Describe the different types of double taxation conflicts.






16. What are the main characteristics of the foundation phase of life?






17. What is the difference b/t a required and desired return objective?

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18. What are the disadvantages of public exchange funds for low basis stock?






19. characteristics of individualist investor






20. What are the equity holding life risk attributes for an entrepreneur?






21. What are the advantages of an outright sale of low basis stock?






22. Describe a cautious investor personality type.






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






24. What are the main characteristics of the accumulation phase of life?






25. stages of life






26. What is the eifference in willingness to take risk between active and passive wealth creators?






27. What is measure of wealth?






28. Generally - how does portfolio size - liquidity - time horizon - and/or importance of spending affect ability to tolerate risk?






29. What are typical characteristics of passive recipients of wealth?






30. sources of wealth






31. What are the main types of investors?






32. What are the main characteristics of the foundation phase of life?






33. What should an investor use in mean-variance optimization






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






35. As probability of death increases...






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






37. situational profiling - considerations






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

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39. What are the general legal and regulatory considerations for individuals?






40. What progressive tax regimes do not have favorable treatment for interest income/dividend income/capital gains?






41. four types of investors






42. Why would someone want to use a valuation discount?






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






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






45. What are ways that individuals can avoid probate?






46. Who is responsible for gains/losses in a taxable (accrual taxation) account?






47. What are the different methods of relief from double taxation?






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






49. What are the diffferent types of estate ownership rights?

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