From“ 5 Reasons To Offer Clients A Donor-Advised Fund,” page 19 1. The total number of donor-advised fund accounts reached a high of ___ in 2024, according to DAF Research Collaborative.

A. 1.8 million B. 3.56 million C. 5.58 million D. 10.8 million

From“ Playing Offense In A Defensive Sector,” page 40

3. Utility funds are often seen as ____. A. Plays on interest rates B. A mirror of what the S & P 500 is doing C. A way to make portfolios more tax efficient D. None of the above

4. The Virtus Reaves Utilities ETF is active and is recently taking advantage of ____ A. The growth in electric vehicles B. The huge build-out of data centers C. The onshoring trend

D. All of the above

From“ The Expansion Of HSAs,” page 45 5. In 2026, the minimum eligible deductible for a high-deductible health-insurance plan is ___ for individuals and ___ for family plans. A. $ 800, $ 1,600 B. $ 1,200, $ 2,400 C. $ 1,500, $ 3,000 D. $ 1,700, $ 3,400

6. What might defuse the wide adoption of HSAs after the One Big Beautiful Bill expanded access?

A. Premiums might go up after Congress failed to extend subsidies for

Obamacare. B. HSAs are not the product of any one provider. C. No one publicizes them. D. All of the above

From“ A New Era For ETF Taxation,” page 47 7. What tax benefit did Vanguard’ s proprietary dual share class have?

A. The ETF component could purge low-basis stocks through in-kind redemptions.

B. Mutual funds make zero tax distributions when many of the investors exit a holding. C. One fund could hold stocks while the other held bonds. D. None of the above

8. How does the dual share class offer economies of scale? A. Admin costs on a shared portfolio can be spread across a larger asset base. B. There are more assets to sell from, which reduces the tax hit. C. It’ s easier to bring a new ETF to market. D. None of the above

From“ Rethinking The Starting Line For Retirement Planning,” page 51 9. Parents will be able to contribute up to ____ per year to a Trump Account.

A. $ 1,000 B. $ 2,000 C. $ 5,000 D. $ 6,500

10. Employers may contribute up to ____ to Trump Accounts tax-free per year.

A. $ 1,000 B. $ 2,000 C. $ 2,500 D. $ 5,000

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