Wealth Management MCQs

Wealth Management MCQs

University

71 Qs

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Wealth Management MCQs

Wealth Management MCQs

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

tajinder jassal

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71 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Financial planning primarily seeks to:

Offer investment advice

Offer tax advice

Assess transmission plan

Assess adequacy of income and assets for needs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a key reason for the increasing need for financial planning?

Declining income levels

Increasing complexities in financial products

Decreasing life expectancy

Joint families becoming more common

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary role of a financial planner is to:

Maximize client’s returns

Ensure client has adequate money for financial goals

Minimize client’s taxes

Provide legal advice

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a step in the financial planning process defined by the CFP Board?

Gathering client data

Monitoring recommendations

Selling only mutual funds

Developing recommendations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Proper documentation in financial planning helps to:

Increase client costs

Manage client relationships and protect against legal claims

Avoid taxes

Guarantee investment returns

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Data collected from clients does NOT typically include:

Family structure

Bank accounts

Political preferences

Income and expenses

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The stage in life cycle where saving habits are formed is:

Retirement

Young and unmarried

Married with older children

Windfall gain

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