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 psychological issues of low basis stock held by an executive?






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






3. What are the diffferent types of tax jurisdictions?






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






5. characteristics of distribution phase






6. characteristics of foundation stage






7. What are the main characteristics of fixed annuities?

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






9. What are the main characteristics of chritable gifts?






10. How is mortality risk typically hedged?






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






12. Define tax drag.






13. benefits of IPS to manager






14. Equation for total wealth.






15. sources of wealth






16. What are the main characteristics of the accumulation phase of life?






17. Generally - how does portfolio size - liquidity - time horizon - and/or importance of spending affect ability to tolerate risk?






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






19. Human capital is sometimes referred to as what?






20. What are the two sources of wealth?






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






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






23. characteristics of maintenance phase






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






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






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






27. Any amount above core capital is considered what?






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






29. Define tax drag.






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






31. Describe asset segregation in a behavioral finance context.






32. characteristics of cautious investor

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33. As probability of death increases...






34. typical IPS elements






35. What is core capital?






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

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37. Describe the different types of double taxation conflicts.






38. stages of life






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






40. Investor questionnaires help to determine what?






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






42. What are ways that individuals can avoid probate?






43. What are the four broad categories of investor personality types (BB&K)?






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






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






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






47. situational profiling - considerations






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






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






50. Describe asset segregation in a behavioral finance context.