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






2. What are investment objectives and constraints?






3. characteristics of cautious investor

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


4. Describe biased expectations in a behavioral finance context.






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






6. What are ways that individuals can avoid probate?






7. Describe the different types of double taxation conflicts.






8. 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


9. What is tax alpha?






10. What are investment objectives and constraints?






11. What are the different stages of life?






12. How is mortality risk typically hedged?






13. benefits of IPS to manager






14. characteristics of maintenance phase






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






16. template for return objective






17. characteristics of maintenance phase






18. What is the general relationship between tax drag% and tax rate with accrual taxes; and as investment horizon increases and return increases?






19. four types of investors






20. What are the main characteristics of chritable gifts?






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






22. What is the general relationship b/t a client's perception of wealth and risk willingness?






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






24. What is core capital?






25. characteristics of foundation stage






26. What are the main types of investors?






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






28. Any amount above core capital is considered what?






29. What is the most common estate planning tool?






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






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






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






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






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






35. 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


36. What is intestate?






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

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


38. Describe an individualistic investor personality type.






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






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






41. template for return objective






42. stages of life






43. What is the general relationship between tax drag% and tax rate with accrual taxes; and as investment horizon increases and return increases?






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






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






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






47. characteristics of individualist investor






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






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






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