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 different global tax regimes and their respective ordinary income tax structure?






2. What are wealth taxes.






3. What risks must be considered when discussing each concentrated investor category?






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

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5. What are the diffferent types of tax jurisdictions?






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






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

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8. What are wealth taxes.






9. Describe the different types of double taxation conflicts.






10. What is core capital?






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






12. What are the different stages of life?






13. What is human capital?






14. Describe an individualistic investor personality type.






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






16. What are the disadvantages of completion portfolios for low basis stock?






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






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






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

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






21. Equation for total wealth.






22. psychological profiling






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






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






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






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






27. four types of investors






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






29. What is intestate?






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






31. What are the main characteristics of fixed annuities?

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32. What is measure of wealth?






33. What are the benefits of an IPS to the adviser?






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






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






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






37. characteristics of foundation stage






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






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






40. As age increases..






41. What is measure of wealth?






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






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






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






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






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






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






48. As probability of death increases...






49. characteristics of accumulation phase






50. characteristics of methodical investor