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Wealth Allocation Process

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

Wealth or asset allocation is a very important process in the financial planning

a)

True

b)

False

2.

What is major components wealth allocation?

a)

Investment Management Statement and Portfolio Policy Process

b)

Investment Policy Statement and Portfolio Management Process

c)

Investment Management Process and Portfolio Management Process

d)

Investment Management and Portfolio Management

3.

Typical IPS include :

a)

Brief client description

b)

Establish policies and guidelines

c)

Identification of duties and investment

d)

All of the above

4.

In portfolio management, this step has two components:

a)

stability of principle and capital appreciation

b)

execution step and feedback step

c)

performance appraisal and performance measurement

d)

performance evaluation and monitoring and rebalancing

5.

A liquidity requirement is a no need for cash in excess of new contribution or saving at a specified point in time.

a)

True

b)

False

6.

Element of Investment Policy Statement

a)

Identify target of return

b)

Identify risk and constraints

c)

Assign responsibility for risk management, monitoring, and reporting.

d)

All of the above

7.

Investment strategies are :

a)

Passive, Active and semi-passive approach

b)

Active, Passive and semi-heptagon approach

c)

Active Milo

d)

Active, passive and semi-active approach

8.

Primary factors affecting a person’s risk tolerance :

a)

Portfolio composition

b)

Asset allocation decision

c)

Financial ability which depends on available resources and life cycle considerations.

d)

Minimization of the likelihood of a loss or the likelihood of level of returns falling below a certain level such as the inflation rate

9.

Portfolio Management Process consist of

a)

The planning step, Time horizon step, Feedback step

b)

The planning step, Execution step, Feedback step

c)

The planning step, Feedback step, Passive step

d)

The planning step, Execution step, Feedbackward step

10.

What is portfolio management process (PMP)

a)

An integrated set of steps taken consistently to create and maintain an appropriate portfolio to meet the client’s investment and other goals

b)

A written document that sets out the client’s return objectives

c)

A portfolio manager will respond to changing capital market expectations

d)

The liquidity and tax considerations that arise from rebalancing portfolios over time, as well as serial correlation.