Investment advisor - Study guides, Class notes & Summaries

SIE Exam Definitions Latest Update 100% Correct What does a 12b-1 fee represent in mutual funds? This is an annual charge that mutual funds impose to cover costs related to marketing and distribution, sometimes referred to as a distribution or maintenance fee. What is the primary function of a 529 College Savings Plan? This plan allows families to save for higher education expenses on a tax-free basis, using professionally managed investment options. What are "A shares" in th...

Seg Mock Exam 2 Questions and Answers Already Passed Gary is reviewing his portfolio and notices that the value of a segregated fund he recently purchased has dropped significantly. He is worried about the fund. The last time he spoke with his advisor was the day he purchased the fund. He and his advisor have both been busy and not had time to speak. What did Gary's advisor do incorrectly? a) Gary's advisor should have followed up to see if he was satisfied with the segregated fund. b) Gar...

AML Test 1 1) Gatekeepers are defined as __________________. A. professionals such as lawyers, accountants, private bankers, investment advisors and trust and company service providers. B. professionals such as lawyers, accountants, notaries and foreign exchange dealers. C. professionals such as lawyers, accountants, notaries, investment advisors and trust and company service providers. D. professionals such as lawyers, accountants, notaries and fraud examiners. - ANSWER-C. professional...

CPFA Exam Study Guide Under the DOL regulation, many advisors to retirement plans and their participants will be - 3(21) fiduciaries. They will act alongside other fiduciary service providers who are also not necessarily named in the plan document but who exercise discretionary control over plan provisions or plan investments. The advisor should educate the - plan sponsor about hiring fiduciary service providers, including the different roles service providers, including the different ...

What does suitability mean for recommendations? - Correct Answer-It means ensuring all recommendations: - Take into account the client' s unique circumstances and investment objectives - Are based on the adviser's understanding of the client's personal and financial situation, as well as knowledge of the various available investment options What does the KYC rule state? When must it be done? - Correct Answer-States that an advisor must use due diligence to learn the essential facts ...

CFP Exam - November 2023 Questions & Answers What are the Laws of Agency (insurance)? - ANSWERSExpress authority, Implied Authority, Apparent authority What are the Exemptions to Filing as an Investment Adviser? - ANSWERS- Advisor whose only clients are insurance companies - Family office What are the Exceptions to Filing as an Investment Adviser? - ANSWERS- Banks that are not also investment companies - Lawyers, accountants, teachers - advice is incidental - Broker/dealers or regi...

WISE Test Question and answers correctly solved 2024/2025 Wise Test It is usually a good idea to borrow for - correct answer Something that increases in value over time A person generally pays a lower interest rate on a car loan then on a personal loan because the - correct answer Car is collateral for the loan Who is most likely to use the service of a non-Bank consumer finance company - correct answer Individuals who cannot get a loan from a bank or credit union Which financi...

Limited registration is available to broker/dealers and agents domiciled in which of the following countries? a)Canada b)Mexico c)Canada and Mexico d)Canada, Mexico and Panama Canadian broker/dealers have limited registration requirement for the sale of Canadian qualified retirement programs. correct answers a)Canada Canadian broker/dealers have limited registration requirement for the sale of Canadian qualified retirement programs. discretionary account means that correct answer...

Cases that don't constitute license law violations are correct answers dismissed on intake. Investigative dismissals are correct answers cases that went to investigation and were subsequently dismissed. Title 12 of the Colorado Revised Statutes gives correct answers the Colorado Division of Real Estate jurisdiction over real estate licensees and entities in the state, which includes the requirement to investigate complaints. One of the top licensee violations is correct answers failing...

Dalton CFP Review Exam Questions & Answers 2024/2025 Peril - ANSWERSProximate cause of a loss Hazard - ANSWERSCondition that creates or increases the likelihood of a loss Superannuation - ANSWERSRisk of outliving retirement funds Legal elements of a contract - ANSWERSCOALL Competent parties; Offer; Acceptance; Legal Consideration; Lawful purpose 6 Steps to Risk Mgmnt - ANSWERSDIE DIE Determine obj; Identify risks; Evaluate probability of loss; Determine alternatives; Implement; ...