How To Be Successful With Wealth Management Quiz

10 Questions | Total Attempts: 129

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Material Quizzes & Trivia

How to Be Successful with Wealth Management


Questions and Answers
  • 1. 
    Which of the following government agencies is/are involved with wealth management?
    • A. 

      FINRA

    • B. 

      SEC

    • C. 

      State licensing authorities

    • D. 

      All of the above

  • 2. 
    According to Jim Patterson, the most important trait to maintain as a CPA is
    • A. 

      Integrity

    • B. 

      Punctuality

    • C. 

      Assertiveness

    • D. 

      Greed

  • 3. 
    According to Chris, business people believe that the number one way to build wealth is to stockpile funds.
    • A. 

      True

    • B. 

      False

  • 4. 
    A basic tenet of wealth management is to have a plan and follow a plan.
    • A. 

      True

    • B. 

      False

  • 5. 
    Chances are, one retirement plan will work well for multiple clients
    • A. 

      True

    • B. 

      False

  • 6. 
    Despite the struggles of the real estate industry, Chris believes that the _________ industry will come back strong.
    • A. 

      Morgage

    • B. 

      Homebuildling

    • C. 

      Automotive

    • D. 

      None of thee above

  • 7. 
    An investment plan should be based on the client’s risk tolerance and goals.
    • A. 

      True

    • B. 

      False

  • 8. 
    A 529 plan is always the best way to fund an education.
    • A. 

      True

    • B. 

      False

  • 9. 
    According to Jim, CPAs are able to effectively practice wealth management on a part-time basis.
    • A. 

      True

    • B. 

      False

  • 10. 
    Your client’s biggest asset is their
    • A. 

      House

    • B. 

      Business

    • C. 

      Ability to earn money

    • D. 

      Overseas property