How Well Do You Know About Personal Financial Advisor?

10 Questions | Total Attempts: 120

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How Well Do You Know About Personal Financial Advisor? - Quiz

Personal financial advisor helps with the financial needs of individuals. Are you aware of such services? Regardless of the answer, we have some questions for you to answer.


Questions and Answers
  • 1. 
    In the United States, a financial advisor carries a Series?
    • A. 

      65 or 66

    • B. 

      64 or 67

    • C. 

      63 or 65

    • D. 

      60 or 63

  • 2. 
    Financial advisors are professional who may also be referred to as?
    • A. 

      Brokers and financial planners

    • B. 

      Investment advisers and insurance agents

    • C. 

      Accountant and lawyer

    • D. 

      All of the above

  • 3. 
    Financial advisers typically provide clients with financial?
    • A. 

      Product and services

    • B. 

      Planner

    • C. 

      Aptitude

    • D. 

      Balance sheet

  • 4. 
    A financial adviser may create financial plans for?
    • A. 

      Clients

    • B. 

      Sell financial products

    • C. 

      Balance sheet

    • D. 

      A and B only

  • 5. 
    Financial planner also provide some insight on?
    • A. 

      Fixed account

    • B. 

      Money market

    • C. 

      Savings

    • D. 

      Cashflow

  • 6. 
    A financial adviser is generally compensated through fees and?
    • A. 

      Commission

    • B. 

      Transaction

    • C. 

      Call

    • D. 

      Trading

  • 7. 
    A financial adviser is denoted as someone who?
    • A. 

      Trades money

    • B. 

      Provide advice

    • C. 

      Invest

    • D. 

      None of the above

  • 8. 
    In the United States, (FINRA) regulates and oversees the activities of?
    • A. 

      Brokers

    • B. 

      Brokerage firms

    • C. 

      Investment house

    • D. 

      None of the above

  • 9. 
    There has been great debate regarding the fiduciary standard and to which advisers it should apply. This was in the year?
    • A. 

      2010

    • B. 

      2008

    • C. 

      2004

    • D. 

      2003

  • 10. 
    As a way to address conflicts of interest, the department of labor ruled in a redefinition of what constitutes financial advice in the year?
    • A. 

      2017

    • B. 

      2015

    • C. 

      2014

    • D. 

      2016

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