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. characteristics of cautious investor

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


2. What are the two sources of wealth?






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






4. What are investment objectives and constraints?






5. What is tax alpha?






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






7. sources of wealth






8. What progressive tax regimes do not have favorable treatment for interest income/dividend income/capital gains?






9. characteristics of cautious investor

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


10. benefits of IPS to manager






11. psychological profiling






12. What are ways that individuals can avoid probate?






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






14. What are the main types of investors?






15. Describe an individualistic investor personality type.






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






17. What are the main characteristics of chritable gifts?






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






19. What happens to both tax drag $ and tax drag % with holding period changes and return changes?






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






21. As probability of death increases...






22. How is mortality risk typically hedged?






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






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






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






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






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






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






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






30. Define capital gains taxes.






31. 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


32. benefits of IPS to client






33. What is human capital?






34. What are the diversification techniques for low basis stock?






35. What are the main characteristics of fixed annuities?

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


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






37. What is HIFO accounting?






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






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






40. What progressive tax regimes do not have favorable treatment for interest income/dividend income/capital gains?






41. characteristics of foundation stage






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






43. What are the different types of trusts?






44. stages of life






45. What are the different stages of life?






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






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






48. All costs associated with probate are born by whom?

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


49. situational profiling

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


50. four types of investors