WEALTH MANAGEMENT EXAM | 357
QUESTIONS | WITH ACTUAL
SOLUTIONS!!
diversifying bonds
, broad asset classes money market funds
Don't know?
2 of 357
Term
performance info of hedge funds
Give this one a try later!
scarce and late
asset allocation and diversification
at least matching inflation
markets are efficient
high fees, transaction costs, & taxes of actively managed firms erode
performance
certainty of keep up with market outweigh possibility of beating it
Don't know?
3 of 357
Definition
,B share class
sales charge deferred until shares are sold on either redemption or
initial value
often contingent on holding period (longer the less)
Give this one a try later!
picking index fund back-end load
milestones to consider front end load
Don't know?
4 of 357
Definition
clarifies thinking for the client
encourages LT goal orientation
outlines expectations and constraints for WM
helps the WM understand the clients level of investment
sophistication
Give this one a try later!
disadvantages of etfs transaction costs of Etfs
benefits of using IPS rebalancing
, Don't know?
5 of 357
Definition
usually found on A share class
upfront sales charge on purchases
reduces the amount of money actually invested
dead weight cost
Give this one a try later!
front end load how cover estate taxes?
asset class spreading risk
Don't know?
6 of 357
Term
how do index funds achieve investment objective?
Give this one a try later!
QUESTIONS | WITH ACTUAL
SOLUTIONS!!
diversifying bonds
, broad asset classes money market funds
Don't know?
2 of 357
Term
performance info of hedge funds
Give this one a try later!
scarce and late
asset allocation and diversification
at least matching inflation
markets are efficient
high fees, transaction costs, & taxes of actively managed firms erode
performance
certainty of keep up with market outweigh possibility of beating it
Don't know?
3 of 357
Definition
,B share class
sales charge deferred until shares are sold on either redemption or
initial value
often contingent on holding period (longer the less)
Give this one a try later!
picking index fund back-end load
milestones to consider front end load
Don't know?
4 of 357
Definition
clarifies thinking for the client
encourages LT goal orientation
outlines expectations and constraints for WM
helps the WM understand the clients level of investment
sophistication
Give this one a try later!
disadvantages of etfs transaction costs of Etfs
benefits of using IPS rebalancing
, Don't know?
5 of 357
Definition
usually found on A share class
upfront sales charge on purchases
reduces the amount of money actually invested
dead weight cost
Give this one a try later!
front end load how cover estate taxes?
asset class spreading risk
Don't know?
6 of 357
Term
how do index funds achieve investment objective?
Give this one a try later!
