Investment advisor - Study guides, Class notes & Summaries

Investment advisor act of 1940 correct answers Is the federal legislation that defines the term investment advisor and requires persons that fall within the definition to register with the SEC or with the states in which they do business. 2 primary purposes: regulation of persons both natural and legal in the business of giving investment advice -the establishment of standars of ethical business conduct for the industry National Securities Markets Improvement Act of 1993 (NSMIA) correct ans...

Personal Finance, 6e (Madura) Chapter 1 Overview of a Financial Plan 1.1 How You Benefit from Personal Finance 1) Most Americans will never be able to understand and develop a personal financial plan. Answer: FALSE Diff: 1 Question Status: Previous edition 2) The simple objective of financial planning is to make the best use of your resources to achieve your financial goals. Answer: TRUE Diff: 2 Question Status: Previous edition 3) An understanding of personal finan...

Wise Test Questions and Answers Already Graded A For what type of expense is borrowing typically considered wise? - An asset that appreciates in value over time - A short-term necessity - An immediate luxury - Routine monthly bills Why is the interest rate for a car loan usually lower than that for a personal loan? - The vehicle serves as collateral for the loan - Car loans are generally considered riskier - Personal loans require higher credit scores - Car loans are unsecur...

CFP EXAM 2024 WITH 100% ACCURATE SOLUTIONS What are the Laws of Agency (insurance)? - correct answer Express authority, Implied Authority, Apparent authority What are the Exemptions to Filing as an Investment Adviser? - correct answer - Advisor whose only clients are insurance companies - Family office What are the Exceptions to Filing as an Investment Adviser? - correct answer - Banks that are not also investment companies - Lawyers, accountants, teachers - advice is incidental - ...

Julie is heavily invested in an equity mutual fund. Her financial advisor tells her about the risks she faces with her investment. What are the risks associated with Julie's investment? a) Market risk and industry risk b) Market risk and credit risk c) Interest-rate risk and credit risk d) Interest-rate risk and inflation risk

What are the Laws of Agency (insurance)? - ANSWER Express authority, Implied Authority, Apparent authority What are the Exemptions to Filing as an Investment Adviser? - ANSWER - Advisor whose only clients are insurance companies - Family office What are the Exceptions to Filing as an Investment Adviser? - ANSWER - Banks that are not also investment companies - Lawyers, accountants, teachers - advice is incidental - Broker/dealers or registered reps whose performance is incidental and wh...

IACCP (MASTER TERMS) LATEST UPDATED 2024/2025 Assignment - Correct Answer Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? - Correct Answer A Bank, Lawyer, accountant, engineer, teach whose performance of such services is solely incidental to the practice of his profession, Broker-dealer (commission only)published of any bona fide newspaper, magazine, business publication, rating systems (Moodys, etc.) Wh...

Vivian buys a life insurance policy in which the insurer pays policyholders dividends based on how well the life insurer is doing. If the insurer is profitable, Vivian will receive dividends. If the insurer underperforms financially, Vivian and other policyholders will receive fewer dividends. Indicate the type of insurance policy Vivian purchased. A. Variable life insurance. B. Participating life insurance. C. Limited-pay life insurance. D. Non-participating life insurance - B. Participa...

WGU D076 Objective Assessment V2 (Latest 2024/ 2025 Update) Finance Skills for Managers| Questions and Verified Answers| 100% Correct| Grade A Q: About a year ago, the short-term Treasury bill had 1.54% interest and the long-term Treasury note had 2.54% interest. This week, the 1-year Treasury bill has an interest rate of 3.13%, while the 10-year Treasury note has an interest rate of 2.28%. What does this information indicate about the future economy? Answer: It may indicate an economi...

Investment Advisor Brochure - Initial Delivery Requirements correct answers Investment Advisor must deliver Part 2A brochure & any Part 2B supplements to a prospective advisory client not later than entering into the advisory contract. If not delivered at least 48 hours earlier, then the penatly-free termination requirement is in effect (client has right to terminate contract w/out penalty for 5 business days) Investment Advisor Brochure - Annual Delivery Requirements correct answers within 1...