IACCP EXAM | QUESTIONS & 100%
CORRECT ANSWERS (VERIFIED) | LATEST
UPDATE | GRADEA+
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. ...
IACCP EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRAD E A+ 4 elements of "investment advice" Correct Answer: 1. Advice about market trends 2. Advic e 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 advisers are required to register? Correct Answer: 1. Mid size advisers have to register if the state where their principal office is located does NOT require registration. 2. If they are registered in a state that is NOT subject to a Exam by the State securities administrator. Define small adviser Correct Answer: Advisers with $25 million or less in assets under management 3 reasons for small advisers to register with SEC Correct Answer: 1. principal state does not require registration 2. state does not require any type of exam IARD Account Correct Answer: All states that require registration of IAR's (RA's on CRD) whic h can be done in a IARD account When is the deadline to amend form ADV? Correct Answer: All firms that are registered with the SEC on Jan 1st 2012 must amend their ADV by March 30th, 2012 "buffer zone" to remain SEC registered Correct Answer: If a fi rm has assets between $90 - $110 million, then the firm is not required to switch their registration New rule on "private adviser exemption"
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