Aams quizzes - Study guides, Class notes & Summaries

AAMS Module Quizzes (1-10) with 100% Correct Answers

AAMS Module 1-10 Quizzes - Questions and Answers (Complete Solutions) What are the major steps in the asset management process? 1. gather data 2. establish goals 3. analyze information 4. make and implement recommendations 5. monitor Stefan's business plan includes the following goal: "I will contact 50 prospective clients and document this activity in the CRM for tracking purposes." Which primary element of a good goal is missing? This goal is not time-framed. The acronym to remember for g...

AAMS Module Quizzes (1-10)

AAMS Module Quizzes (1-10) questions and answers

Which of the following is a key element that all investment policy statements should contain? - cORRECT sOLUTION An investment policy statement should include statements regarding acceptable investment vehicles, the portfolio's asset allocation, and the client's risk tolerance level. The asset management process can be used to adjust to changes in a client's financial situation by - cORRECT sOLUTION helping the client to ignore market "noise." The asset management process is designed to...

AAMS Module Quizzes (1-10) with 100% Correct Answers What are the major steps in the asset management process - Answer️️ -1. gather data 2. establish goals 3. analyze information 4. make and implement recommendations 5. monitor Stefan's business plan includes the following goal: "I will contact 50 prospective clients and document this activity in the CRM for tracking purposes." Which primary element of a good goal is missing? - Answer️️ - This goal is not time-framed. The a...

AAMS Module Quizzes (1-10) Exam 2024/2025 Questions With Completed & Verified Solutions.

AAMS (CH 8):THE PURPOSE OF LIFE INSURANCE EXAM AAMS (CH 8):THE PURPOSE OF LIFE INSURANCE EXAM|GUARANTEED QUIZZES|CORRECT ANSWERS What are the 4 main reasons to obtain life insurance? - Accurate Answer- Family Needs - Protect against loss of income - Education expenses - Dependent income - Aging parents - Estate Planning - Final Expenses - Creating retirement nest egg - Serving business needs What are some reasons that businesses use life insurance? - Accurate Answer- Dea...

A "walk in" customer tells you how his best friend has made a profit through rapid trading of small over-the-counter (OTC) stocks. He wants to do the same. You explain the high risks involved in such a strategy and your personal reservations about it. He gives you all the information you need for your new account form. The next week, he requests that you buy large positions in two thinly traded OTC issues. You think the order is too risky given his circumstances and tell him so, but ...