Iaccp exam questions Study guides, Class notes & Summaries

IACCP MASTER QBANK EXAM QUESTIONS AND ANSWERS (2023) (VERIFIED ANSWERS BY EXPERT)

IACCP Exam Sample Questions with Verified Answers 2023-2024 Graded A+. Investment Advisers are generally required to register in the state where they have a principal place of business and any states where they maintain de minimus (5 or more clients in that state with the exception of LA, NE, NH & TX which have their own de minimus) - Answer- When is State Adviser Registration generally required? The following are deemed a SINGLE CLIENT 1) a natural person, and: (i) any minor child; (ii) a...

IACCP EXAM SAMPLE QUESTIONS WITH COMPLETE SOLUTION 2023/2024 | Graded A+. SEC-registered advisers that have proxy voting authority for clients must do which TWO of the following? (Choose two.) A. Adopt procedures to ensure proxies are voted in the best interest of clients. B. Disclose to clients information about the firm's proxy policies and procedures on Form ADV Part 2. C. Create a proxy voting committee to address conflict situations. D. Provide information to clients on how their pro...

IACCP (QE) Test Questions |Questions with 100% Correct Answers | Verified Which THREE persons or firms may be excluded from having to register under the Investment Advisers Act of 1940? (Choose three.) A. Accountants whose advisory services pertain solely to incidental financial planning. B. Persons or firms whose advice and reports are related solely to U.S. government securities. C. Publishers of generally circulated, bona fide newspapers or financial journals. D. Domestic banks and ban...

IACCP Study Questions with Complete Solutions 4 elements of "investment advice" - Correct Answer 1. Advice about market trends 2. Advice in historical or data form 3. Advice about selecting an adviser 4. Advice about the pros and cons of securities vs. other investments What is the RAUM threshold for Registered Advisers? - Correct Answer $150 million What is the RAUM range of a "Mid Sized adviser"? - Correct Answer $25-100 million What two factors determine whether mid size adv...

IACCP (QE) EXAM QUESTIONS WITH 100% Verified Answers 2023/2024. The Investment Advisers Act of 1940 defines the scope of the anti-fraud provisions as extending to: A. SEC-registered advisers and foreign advisers with a place of business in the U.S., whether registered or exempt. B. SEC-registered advisers and foreign advisers doing business in the U.S., whether registered or exempt. C. SEC-registered investment advisers. D. All investment advisers, whether registered or exempt.: D. All in...

IACCP Exam Sample Questions with Correct Answers Latest 2023- 2024 | Graded A+. Brochure updates - Answer- The Brochure must be updated annually and promptly when information (other than AUM, the fee schedule or the summary of material changes) becomes materially inaccurate. However, if an adviser is amending the Brochure and its disclosure of assets under management or its fee schedule has become materially inaccurate, then the adviser must update those items as well. In addition, the Broc...

IACCP (MASTER TERMS) EXAM QUESTIONS AND ANSWERS ALL CORRECT Assignment - CORRECT ANSWERS Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? - CORRECT ANSWERS 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, mag...

IACCP (QE) EXAM QUESTIONS WITH COMPLETE SOLUTION 2023/2024 | 100% Verified. Which THREE persons or firms may be excluded from having to register under the Investment Advisers Act of 1940? (Choose three.) A. Accountants whose advisory services pertain solely to incidental financial planning. B. Persons or firms whose advice and reports are related solely to U.S. government securities. C. Publishers of generally circulated, bona fide newspapers or financial journals. D. Domestic banks and ...