Ifse cifc unit 3 - Study guides, Class notes & Summaries

IFSE - CIFC - Unit 10 Latest Update Rated A Payroll taxes are paid to support: 1. Federal spending on employment insurance and the CPP benefit programs 2. Provincial spending on worker's compensation benefits for injured workers Marginal tax rate - represents the amount of tax an individual pays on their dollar of income Average tax rate - represents how much tax is payable as a percentage of income Alberta income tax rate - flat tax of 10% is applied to all taxable income Tax deduction - l...

IFSE – CIFC Unit 7 Questions and Answers 100% Correct If a fund has a beta of 2, what is the expected outcome for the fund? It should outperform the market by 100%. What effect will a mutual fund distribution have on its price? The price per unit will decrease in value equivalent to the distribution. What type of analysis looks for insight into a company from their financial statements? fundamental -Fundamental analysis focuses on looking at the fundamentals of a company such as revenues, a...

IFSE - CIFC - Unit 3 Suitability.

IFSE - CIFC - Unit 1 Questions and Answers 100% Pass National Instruments are developed through? CSA With which organization must mutual fund dealers (outside of Quebec) register? MFDA Which organization operates the Investor Protection Corporation (IPC)? MFDA Registration Requirements and Exemptions provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions NI 31-103 Mutual Fund Prospectus Disclosure ens...

IFSE - CIFC - Unit 1 exam solved 100% National Instruments are developed through? -Correct Answer-CSA With which organization must mutual fund dealers (outside of Quebec) register? -Correct Answer-MFDA Which organization operates the Investor Protection Corporation (IPC)? -Correct Answer-MFDA Registration Requirements and Exemptions provides the harmonized registration rules for the registration of firms and individuals with the provincial or territorial securities commissions -Correct...

IFSE - CIFC - Unit 8 Latest Update Graded A Mutual Fund Corporation - investors are shareholders - board of directors governs the fund - board of directors are elected by the shareholders at the fund's annual general meeting Mutual Fund Trust - investors are unit-holders - no board of directors. Governed by trusts or trustees - unit-holders don't have authority to appoint trustees Mutual Funds Complex - mutual fund manager - portfolio manager - custodian - distributor - transfer agent - inde...

IFSE - CIFC - Unit 5 Questions and Answers Graded A Mutual Funds Investments that hold a collection of different securities such as equities and bonds. Holdings Collectively, the securities in a mutual fund The 3 main investment objectives 1. Safety of Principal 2. Income 3. Growth Safety of Principal Strive to protect investors from losing any of their original investment. Investors expect to get back at a minimum the amount of money they put into the investment. Income Provide investors wi...

6 steps of SIP (Strategic Investment Planning) process - 1. Establish the client engagement 2. Gather client data and identify objectives 3. Clarify client status, problems, and opportunities 4. Identify strategies and present the plan 5. Implement the plan 6. Monitor performance and update Step 1 SIP - Establish client engagement - - your duties and responsibilities - your client's duties and responsibilities - the level of service you are offering - the agreed-upon fees that your cli...