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 main characteristics of chritable gifts?






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






3. What are the main types of investors?






4. What is the general relationship between tax drag% and tax rate with accrual taxes; and as investment horizon increases and return increases?






5. What are the main types of investors?






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






7. situational profiling - considerations






8. What is tax alpha?






9. What are the psychological issues of low basis stock held by an investor?






10. When dealing with low basis stock - emotional issues can arise from what?






11. What is the reinvestment caveat when considering tax loss harvesting?






12. What is intestate?






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






14. What is human capital?






15. Describe an individualistic investor personality type.






16. What are investment objectives and constraints?






17. sources of wealth






18. stages of life






19. What is mortality risk?






20. What is the most common estate planning tool?






21. What are ways that individuals can avoid probate?






22. What is measure of wealth?






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






24. template for return objective






25. Investor questionnaires help to determine what?






26. characteristics of distribution phase






27. Any amount above core capital is considered what?






28. characteristics of distribution phase






29. characteristics of spontaneous investor

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30. What is core capital?






31. How does the nature of human capital affect the demand for life insurance?






32. Describe a cautious investor personality type.






33. Any amount above core capital is considered what?






34. What are wealth taxes.






35. four types of investors






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






37. What are the main characteristics of the distribution phase of life?






38. What is human capital?






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






40. situational profiling - considerations






41. What are the disadvantages of private exchange funds for low basis stock?






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






43. What are the advantages of the monte carlo approach to portfolio construction?






44. Why would an individual try to use generation skipping in estate planning?






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






46. An investor's ability to take risk depends on what?

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






48. What are the different types of trusts?






49. What is HIFO accounting?






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