AWMA Exam 3 Questions and Answers-
Updated 2024
The top three specialty areas in which high net worth individuals seek advice include all of the
following except
A)retirement planning.
B)tax planning.
C)estate planning.
D)investment planning. - Answer-A) The top three specialty areas in whic...
B)30% liquid assets/50% main diversified assets/20% risky assets
C)25% liquid assets/60% main diversified assets/15% risky assets
D)45% liquid assets/50% main diversified assets/5% risky assets - Answer✔✔-D) In the wealth
allocation framework, risky investments for a risk averse high net worth investor are
recommended to be only 5% to 10% of the portfolio. A minimum of 20% of liquid assets is
recommended for the portfolio allocations of all risk levels. The main portfolio should be only
40%-70% of total assets. Mod 1
In the wealth allocation framework, human capital is in which one of the following portfolio
"buckets"?
A) Hedging assets
B)Main diversified assets
C)Liquid assets
D)Risky assets - Answer✔✔-C) In the wealth allocation framework, human capital is included in
the liquid assets "bucket." Mod 1
In the wealth allocation framework, human capital can best be defined as the high net worth
individual's ability to leverage
A) their children.
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