SERIES 65 CHAPTER 17 PART 1 || with Errorless Solutions 100%.
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SERIES 65 CHAPTER 17
Institution
SERIES 65 CHAPTER 17
One of your new clients has only been working for 3 years but is already interested in retirement planning. In order to be fully eligible for Social Security, the client must correct answers have a minimum of 40 covered quarters of employment.
Several investors open an account in joint tenancy. ...
SERIES 65 CHAPTER 17 PART 1 || with Errorless
Solutions 100%.
One of your new clients has only been working for 3 years but is already interested in retirement
planning. In order to be fully eligible for Social Security, the client must correct answers have a
minimum of 40 covered quarters of employment.
Several investors open an account in joint tenancy. Financial information is required on which of
the following investors? correct answers All the investors
In projecting future cash requirements, one of the tools is a capital needs analysis. When doing
one, all of the following would be considered capital needs except correct answers rolling over a
401(k) into an IRA
Your client is 75 years old and has $100,000 to invest. He enjoys a relatively high income and is
not concerned with immediate liquidity, although he is risk averse. The most suitable asset
allocation strategies listed below would be correct answers a 50% municipal bond fund, 40%
government bond fund, 10% large-cap common stock fund
A new client wants your recommendation on available investment options. You prepare a client
profile, which reveals that the investor is 66 years of age, has a low risk tolerance, and is in a low
tax bracket. The investor's primary objectives are safety and income. Of the following, the most
suitable choice would be correct answers insured bank certificates of deposit
A client profile is not complete without a family income statement. A typical one would include
I. dividends
II. credit card debt
III. autos
IV. mortgage interest correct answers I and IV
The tendency of people to follow the actions of a larger group when making financial decisions,
whether those actions are rational or not, is known as correct answers herd mentality
All of the following statements regarding a client's attitudes, beliefs, and values are correct
except correct answers the IAR should pay little attention to a client's attitudes, beliefs, and
values during the information gathering process.
If a client wanted an investment that would eliminate interest risk as to principal, you would
recommend correct answers a bank-insured certificate of deposit
Financial planners frequently assist their clients with budgeting. One can't really prepare a
budget without knowing the family's cash flow. In preparing a family cash flow statement, all of
the following items would appear except correct answers assets
A client with 25 years until retirement should invest primarily in correct answers common stocks
, Tamika is an investment adviser representative with Financial Engineers, LLC, a covered
investment adviser. The firm uses an investment policy statement to help design financial plans
for their clients. One of Tamika's current clients plans to purchase a new boat 7 months from
now. When using the IPS, this would be considered correct answers an investment constraint
An investor is in a low tax bracket and wishes to invest a moderate sum in an investment that
will provide some protection from inflation. Which of the following should you recommend?
correct answers Mid-cap common stock mutual fund
A married couple in their early 50s saving for retirement would most likely have which of the
following objectives? correct answers Moderate risk, moderate safety, low liquidity
In general, the first step an investment adviser should take with a new client is correct answers
information gathering.
For a trust account not seeking appreciation, which of the following would be recommended?
correct answers Highly rated, fixed-income securities
An investment adviser cannot adequately advise a client without knowing the client's financial
status. When determining that status, it is important to differentiate between financial and
nonfinancial considerations. Which of the following would be considered a financial
consideration rather than a nonfinancial one? correct answers Client's stamp collection
A couple in their early 30s has been married for 4 years, their disposable income is relatively
high, and they are planning to buy a condominium. If they need a safe place to invest their down
payment for about 6 months, which of the following mutual funds is the most suitable for these
customers? correct answers LMN Cash Reserves Money Market Fund
Which of the following is the least significant consideration in making an investment
recommendation to a client? correct answers Education
Which of the following funds would you recommend to a moderate-risk client seeking long-term
capital gains who also values professional stock selection? correct answers A large-cap growth
fund
An investment adviser representative is preparing a financial plan for a new client. As part of the
data collection process, the IAR needs to collect the relevant information to analyze the client's
cash flow. Included in the cash flow statement would be all of the following except correct
answers assets
An investor who purchases stock in two technology companies with high projected earnings and
growth potential but little performance history is considered correct answers an aggressive
investor
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