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Private Wealth Management

Instructions:
  • Answer 50 questions in 15 minutes.
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  • 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. Any amount above core capital is considered what?






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






3. What is tax alpha?






4. template for return objective






5. characteristics of foundation stage






6. four types of investors






7. Define capital gains taxes.






8. What is the most common estate planning tool?






9. situational profiling - considerations






10. psychological profiling






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






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






13. What is typically considered when imposing an exit tax?






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






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






16. What are the steps involved in creating an IPS?

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17. Describe a methodical investor personality type.






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






19. What happens to both tax drag $ and tax drag % with holding period changes and return changes?






20. All costs associated with probate are born by whom?

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






22. characteristics of individualist investor






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






24. What are wealth taxes.






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






26. What is HIFO accounting?






27. What are the main characteristics of variable annuities?

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






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






30. sources of wealth






31. As age increases..






32. As age increases..






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






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






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






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






37. characteristics of methodical investor






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






39. characteristics of methodical investor






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






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






42. four types of investors






43. What is measure of wealth?






44. template for return objective






45. sources of wealth






46. Describe the different types of double taxation conflicts.






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






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






49. What are typical characteristics of active wealth creators?






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







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