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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. Describe a cautious investor personality type.






2. template for return objective






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






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






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






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






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






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






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






10. What are the different types of trusts?






11. Calculating the required return component is driven by what 2 elements?






12. As age increases..






13. What are the two sources of wealth?






14. situational profiling


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






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






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






18. Describe a spontaneous investor personality type.






19. What are the different stages of life?






20. What is measure of wealth?






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






22. Define capital gains taxes.






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






24. Equation for total wealth.






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






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






27. What are the main characteristics of chritable gifts?






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






29. Describe biased expectations in a behavioral finance context.






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






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






32. What is typically considered when imposing an exit tax?






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






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






35. Describe a methodical investor personality type.






36. characteristics of cautious investor


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






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






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






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






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






42. Describe the different types of double taxation conflicts.






43. characteristics of foundation stage






44. What is loss aversion?






45. As age increases..






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






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






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






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






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