Awma module 5 - Study guides, Class notes & Summaries

AWMA Practice Exam Questions with All Correct Answers (Already Graded A+) Which of these choices is NOT a fiduciary duty explicitly required under the CFP Board Practice Standards? A) Duty to delegate B) Duty to follow client instructions C) Duty of loyalty D) Duty of care - Answer A) Duty to delegate The three fiduciary duties explicitly stated in the CFP Board Practice Standards are the duty of loyalty, duty of care, and duty to follow client instructions. There is a fiduciary duty ...

AWMA Module 3 Complete Exam Questions and Answers All Correct 4 Market directional hedge fund types - Answer 1. Equity (sector) long/short 2. Emerging Markets 3. Short-selling/short bias 4. Activist Market Directional, equity (sector) long/short - Answer classic hedge fund approach, where the fund manager goes long a core group of stocks while also being short other stocks, and/or futures or stock index options Market Directional, emerging markets - Answer Investing in emerging mar...

AWMA Module 1 Questions with Correct Answers the most stated life goals for wealthy investors are (4): - Answer--good health -travel -bucket list -financial success to achieve financial success, the most common financial goals are (4): - Answer--protecting wealth -securing retirement lifestyle -minimizing taxes -leaving an estate to their heirs SRI - Answer-sustainable, responsible, and impact investing ESG - Answer-environmental, social and corporate governance investing key ...

AWMA MODULE 5 QUIZ INCOME TAX PLANNING FOR HIGH NET WORTH CLIENTS. Exam Questions With Correct Answers Which one of the following is NOT an allowable itemized deduction in computing the alternative minimum taxable income? A) Charitable contribution deduction B) State and local income taxes C) Qualified housing interest D) Investment interest expense - answerB. State and local income taxes are not an allowable itemized deduction for the AMT. Thus, clients in states with high income tax...

AWMA Module 1 Questions with Correct Answers the most stated life goals for wealthy investors are (4): - Answer--good health -travel -bucket list -financial success to achieve financial success, the most common financial goals are (4): - Answer-- protecting wealth -securing retirement lifestyle -minimizing taxes -leaving an estate to their heirs SRI - Answer-sustainable, responsible, and impact investing ESG - Answer-environmental, social and corporate governance investing key cha...

AWMA Module 1 Questions with Correct Answers the most stated life goals for wealthy investors are (4): - Answer--good health -travel -bucket list -financial success to achieve financial success, the most common financial goals are (4): - Answer-- protecting wealth -securing retirement lifestyle -minimizing taxes -leaving an estate to their heirs SRI - Answer-sustainable, responsible, and impact investing ESG - Answer-environmental, social and corporate governance investing k...

AWMA Module 8 Quiz with Correct Answers The provision that certain mutual fund policies cannot be changed without shareholder approval is addressed in the A) Investment Company Act of 1940. B) Securities Exchange Act of 1934. C) Investment Advisers Act of 1940. D) Securities Act of 1933. - Answer-A) Investment Company Act of 1940. The regulation of mutual funds is covered in the Investment Company Act of 1940. A major responsibility of FINRA is A) developing rules and regulations for i...