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. Why do individuals often take steps to avoid probate?






2. characteristics of spontaneous investor

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


3. Any amount above core capital is considered what?






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






5. four types of investors






6. Equation for total wealth.






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






8. 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


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






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






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






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






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






14. As probability of death increases...






15. What is human capital?






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






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






18. characteristics of methodical investor






19. benefits of IPS to client






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






21. Describe a methodical investor personality type.






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






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






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






25. What are the different stages of life?






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






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






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






29. 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


30. characteristics of cautious investor

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


31. characteristics of foundation stage






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






33. As wealth increases...






34. Describe biased expectations in a behavioral finance context.






35. situational profiling - considerations






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






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






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






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






40. What are the main types of investors?






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






42. What is mortality risk?






43. typical IPS elements






44. situational profiling

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


45. Describe an individualistic investor personality type.






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






47. As age increases..






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






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






50. characteristics of accumulation phase