Awma exam 3 - Study guides, Class notes & Summaries

AWMA Exam 3 Questions with Correct Answers The top three specialty areas in which high net worth individuals seek advice include all of the following except A)retirement planning. B)tax planning. C) estate planning. D) investment planning. - Answer-A) The top three specialty areas in which high net worth individuals seek advice are tax, estate, and investment planning. Retirement planning is not as necessary, but may be a minor concern. Mod 1 Concerning behavioral biases and as comp...

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AWMA Exam 3 Questions and Answers- Updated 2024 The top three specialty areas in which high net worth individuals seek advice include all of the following except A)retirement planning. B)tax planning. C)estate planning. D)investment planning. - Answer-A) The top three specialty areas in which high net worth individuals seek advice are tax, estate, and investment planning. Retirement planning is not as necessary, but may be a minor concern. Mod 1 Concerning behavioral biases and as comp...

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 Exam Practice Verified Study Questions And Answers What are the 4 rules in terms of investing in a small firm? ANS Time frame of at least 3-5 years, diversify among 20-30 different issues, avoid turnover of 30% annually, and sell if and when 40% of company's shares become owned by institutional investors. What is a characteristic of an unfunded excess benefit plan? ANS The plan generally need not comply with either the disclosure or reporting requirements of ERISA. Unfunded excess b...

AWMA Exam Practice Questions and Answers 100% Solved What are the 4 rules in terms of investing in a small firm? ️️Time frame of at least 3-5 years, diversify among 20-30 different issues, avoid turnover of 30% annually, and sell if and when 40% of company's shares become owned by institutional investors. What is a characteristic of an unfunded excess benefit plan? ️️The plan generally need not comply with either the disclosure or reporting requirements of ERISA. Unfunded exc...