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ABA CTFA Practice Test - Questions Answers, Page 4
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Question 31
Most financial planners fall into one of two categories based on how they are paid. Commission based planners earn commissions on the financial products they sell, whereas ______________ charge fees based on the complexity of the plan they prepare.
Question 32
When determining the interaction between the UK and EU on the regulation of the financial services industry, the UK government must always
Question 33
A client has previously written to her former adviser opting out of any marketing activities from the firm or any third parties. However she continues to receive direct investment offers from the firm. She should complain based on the firm not complying with which set of regulations?
Question 34
The Financial Services and Markets Act 2000 regulates the provision of which type(s) of financial advice?
Question 35
Simon has experience of dealing with retail clients and is now in training to qualify as a pension transfer specialist. As a consequence, which of the following statements are true?
Question 36
The efficient frontier curve shows the optimum balance between:
Question 37
A UK investor holds a portfolio of overseas equities and is concerned about the exchange rate risk. Which strategy could he use to mitigate this risk?
Question 38
When constructing a portfolio for a UK resident basic-rate taxpayer who requires an income, the most tax efficient solution would be achieved by:
Question 39
The principal reasons for using the Sharpe ratio when calculating a portfolio's performance are:
Question 40
Pauline, a basic-rate taxpayer, has a portfolio which comprises of various equity and fixed-interest unit trusts and OEICs. She should be aware that:
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