AWMA Module 1 Questions with Correct Answers

AWMA Module 1 Questions with Correct Answers the most stated life goals for wealthy investors are (4): - Answer--good health -travel -bucket list -financial success to achieve financial success, the most common financial goals are (4): - Answer-- protecting wealth -securing retirement lifestyle -minimizing taxes -leaving an estate to their heirs SRI - Answer-sustainable, responsible, and impact investing ESG - Answer-environmental, social and corporate governance investing key challenges for planners in the areas of SRI and ESG investing are a lack of (4): - Answer--clarity and consistency -highly qualified expertise -specialized products and solutions -standardized performance metrics general types of high net worth clients (5): - Answer--business owners/entrepreneurs -corporate executives -international clients -professional athletes/other entertainers -sudden money 3 levels of trust - Answer--ethical conduct and character -empathic skills and maturity -technical competence and know-how ethical conduct and character - Answer-the client must feel safe with an adviser empathic skills and maturity - Answer-the client must like the adviser technical competence and know-how - Answer-the client must think the adviser is relevant most important aspects in a financial planning relationship (3): - Answer--quality of communication -personal relationship -transparent products and investment strategies