PERSONAL WEALTH MANAGEMENT

Wealth Management is the process of managing _______ resources

• Financial and Non-Financial Resources

•    Financial Resources

•    Non-Financial Resources

• None of the Above

   The Full-Form of UHNI is ______

• Ultra-High Net-worth Individual

• Universally High Net Income

•   Undivided Highly Negligible Investment

•     None of the Above

The Full-Form of AUM is ______

•    Assets Undivided Monetarily

• Assets Unclear by Misrepresentation

• Assets Under Management

• None of the Above

    Wealth Management includes _______

•    Retirement Planning

•   Investment Management

•   Estate Planning and Inheritance

• All the Above

5. Insurance Analysis and Diversification are a part of _______

• Financial Planning

• Tax Planning

• Risk Management

• None of the Above

6. Wealth Management is Important because _______

• It helps us prepare budgets for our expenses

• It helps protect our investments from risks

• It helps protect against inflation

• All the Above

7. What is the full-form of SMART objectives?

• Social, Manageable, Assertive, Responsible, Trustworthy

• Specific Monetary Assets Reacting to Time

• Specific, Measurable, Achievable, Relevant, Time-bound

• None of the Above

8. In the process of wealth management, what does the wealth manager do in the “Gap Analysis” stage?

• Analysis of the Gap between the Timing of various Investments

• Analysis of the Gap in the Location of the Client and the Wealth Manager’s Office

• Analysis of the Gap between the Client’s Current Financial State and the Client’s Expected Financial State

• None of the Above

9. In the process of wealth management, the step “Defining the Terms of Engagement” __________

• Happens only once - in the beginning

• Can be repeated any time during the process as and when necessary

• Happens twice – once in the beginning, once in the end

• None of the Above

10. Which of the following are Fraudulent Activities in Wealth Management

• Financial Account Takeover

• Advance Fee Fraud

• Both A and B

• None of the Above