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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. Describe a methodical investor personality type.






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






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






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






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






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


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


9. characteristics of foundation stage






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






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






12. What are the main characteristics of the maintenance phase of life?






13. What is core capital?






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






15. 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?






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






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






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






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






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






21. Any amount above core capital is considered what?






22. As age increases..






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






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


25. When calculating a required return - you typically must identify what?






26. situational profiling - considerations






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






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


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






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






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






32. Equation for total wealth.






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






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






35. What are the main characteristics of variable annuities?


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






37. What are the different stages of life?






38. psychological profiling






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






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






41. Define capital gains taxes.






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






43. What is measure of wealth?






44. characteristics of maintenance phase






45. Describe an individualistic investor personality type.






46. Investor questionnaires help to determine what?






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






48. characteristics of distribution phase






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






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