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 is HIFO accounting?






2. What is human capital?






3. What are the different retirment risks and how can they be hedged?






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






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






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






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






8. What are the different stages of life?






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






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






11. characteristics of methodical investor






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






13. What is HIFO accounting?






14. What are the main types of investors?






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






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






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






18. characteristics of foundation stage






19. What are the main characteristics of variable annuities?

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


20. As age increases..






21. characteristics of maintenance phase






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






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






24. Describe a cautious investor personality type.






25. 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


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

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


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

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


28. stages of life






29. 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


30. characteristics of accumulation phase






31. Describe the different types of double taxation conflicts.






32. How is mortality risk typically hedged?






33. What are ways that individuals can avoid probate?






34. Equation for total wealth.






35. psychological profiling






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






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. What are the different stages of life?






39. template for return objective






40. characteristics of individualist investor






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






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






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






44. What is core capital?






45. What is intestate?






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






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






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






49. What are the benefits of an IPS to the client?






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