FINANCIAL ADVISOR.

401(k) Plan - correct answers A qualified plan established by employers to to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis. Employers offering this type of plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis. 403(b) Plan - correct answers A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement income accounts can invest in either annuities or mutual funds. Also known as a "tax-sheltered annuity" (TSA) plan. Appraisal - correct answers A valuation of a property (i.e. real estate, a business, an antique) by the estimate of an authorized person. In order to be valid, the authorized person will have a designation from a regulatory body governing the jurisdiction the appraiser operates within. Assessed Value - correct answers The dollar value assigned to a property for purposes of measuring applicable taxes. This type of valuation is used to determine the value of a residence for tax purposes and takes comparable home sales and inspections into consideration. It is the price placed on a home by the corresponding government municipality to calculate property taxes. In general, this value tends to be lower than the appraisal fair market value of a property. Asset Allocation - correct answers An investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon. The three main asset classes - equities, fixed-income, and cash and equivalents - have different levels of risk and return, so each will behave differently over time. Asset Class - correct answers A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same laws and regulations. Three main types are equities (stocks), fixed-income (bonds), and cash equivalents (money market instruments). Asset Protection - correct answers The concept of and strategies for guarding one's wealth. It is a type of planning intended to protect one's assets from creditor claims. Individuals and business entities use these techniques to limit creditors' access to certain valuable assets, while operating within the bounds of debtor-creditor law. It helps insulate assets in a legal manner--without engaging in the illegal practices of concealment (hiding of the assets), contempt, fraudulent transfer (as defined in the 1984 Uniform Fraudulent Transfer Act), tax evasion or bankruptcy fraud. Experts advise that effective ____ ________ begins before a claim or liability occurs, since it usually too late to initiate any worthwhile protection after the fact. Some common methods for asset protection include asset protection units, accounts-receivable financing and family limited partnerships. Asset Protection Trusts - correct answers Assets Under Management (AUM) - correct answers The market value of assets than an investment company manages on behalf of investors. ___ is look at as a measure of success against the completion and consists of growth/decline due to both capital appreciation/losses and new money inflow/outflow.