AWMA Exam 2 Questions and Answers –
Updated 2024
Of the following practical dimensions of emotional intelligence, which is the most complex and
difficult to attain?
A)Regulation of adviser and/or client emotions
B)Integration of emotional intelligence into thinking
C)Perception and differen...
discourse with a wealthy client, the questions about family matters should be open-ended and
not leading clients to answer a certain way. Mod 1
Which one of the following is a regulation that allows members to put a temporary hold on
disbursements from an elder account if elder abuse is suspected?
A)Elder Justice Initiative
B) FINRA Rule 4512
C) FINRA Rule 2165
D) Senior Safe Act - Answer✔✔-C) FINRA Rule 2165 goes beyond the Senior Safe Act in not only
detecting financial abuse, but allowing an adviser to put a temporary hold (up to 25 days) on
disbursements from an elder account (over 65) if financial abuse is suspected to be present or
commencing. FINRA Rule 4512 requires financial advisers to make a "reasonable effort" to
collect the name of a "trusted contact person." The Elder Justice Initiative supports and
coordinates the Department of Justice's enforcement and programmatic efforts to combat elder
abuse, neglect, and financial fraud and scams. Mod 1
When the personal circumstances of a client change, to which wealth management step does
the investment professional return?
A)Data gathering and goal establishment
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