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. Describe an individualistic investor personality type.






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






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






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






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






6. What are the different types of trusts?






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






8. What is the person called that transfers assets through a will?






9. Describe a methodical investor personality type.






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






11. 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?






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






13. benefits of IPS to client






14. What is measure of wealth?






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






16. How is demand for insurance affected by risk tolerance - financial wealth - probability of death - age - and bequest desire?






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


18. four types of investors






19. situational profiling - considerations






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






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






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






23. Any amount above core capital is considered what?






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






25. What is another name for a variable prepaid forward and What is its main purpose?






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






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






28. What is tax alpha?






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






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






31. What is core capital?






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






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






34. characteristics of individualist investor






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


36. What is the most common estate planning tool?






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






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






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






40. What is loss aversion?






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






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






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






44. When should you use a tax-exempt versus a tax-deferred account?






45. What is the most common estate planning tool?






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






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


48. four types of investors






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






50. characteristics of accumulation phase