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From “ Fees , Not Fines ,” page 20 1 . According to a Nerd ’ s Eye View blog , advisors ’ self-worth clearly starts to decline as their clients pass ____ in net worth . a . $ 500,000 c . $ 1.5 million
B . $ 1 million d . $ 2.5 million
2 . When the markets are unsettled , you should _____. a . increase your outreach to clients B . cut your fees c . seek new business d . all of the above
From “ 3 Things To Know When Advising Private Foundations ,” page 25
3 . _____ of U . S . foundations have assets of $ 10 million or less . a . 50 % c . 90 % B . 80 % d . 95 %
4 . When foundations are getting more complex , what is not on their founders ’ minds ? a . deciding whether to give away all assets now . B . Working to ensure family harmony . c . considering the pursuit of charitable endeavors beyond grants . d . they have to make sure tax and compliance administration is aligned .
From “ Goodbye To All That , FA ’ s RIA Survey & Ranking ,” page 35
5 . This year ’ s RIA survey says ______ of the top 100 firms have institutional ownership . a . 25 % B . 28 % c . 33 % d . 42 %
6 . Philip Palaveev of the Ensemble Practice says that ___ is / are a good way to help determine how much employees are worth in an industry . a . staff turnover c . Private equity valuation
B . outside studies d . none of the above
From “ ESG — What ’ s the Real Impact ?,” page 58
7 . In their book on ESG , Larry Swedroe and Samuel Adams say ESG investors should expect _____. a . lower long-term returns , but higher returns at first B . Higher long-term returns , but lower initial returns c . a higher cost of capital d . Higher risk
8 . Since non-sustainable companies come with increased risk , it could be _____ may be closer to those of ESG investments . a . long-term risk-adjusted returns B . long-term returns c . short-term returns d . valuations
From “ Rethinking The 4 % Rule ,” page 64
9 . What ’ s one of the cases against the 4 % rule for retirement withdrawals ? a . it ’ s based on backward-looking data . B . the market is tanking . c . interest rates are rising . d . none of the above .
10 . Another problem with the 4 % rule is that it doesn ’ t help you account for _________ . a . Healthcare emergencies c . troubled grandchildren B . Bucket-list trips d . all of the above
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Financial Advisor ( issn 1545-0163 , usPs 021-488 ) is published monthly by charter financial Publishing network inc ., 499 Broad street , shrewsbury , nj 07702 . tel : 732-450-8866 . Periodicals postage paid at red Bank , nj and additional mailing offices . subscription rates : $ 79 per year . Postmaster : send all address changes to charter financial Publishing network inc ., P . o . Box 7550 , shrewsbury , nj 07702 . copyright 2022 by charter financial Publishing network inc . reproduction , photocopying or incorporation into any information-retrieval system for external or internal use is prohibited unless permission is obtained beforehand from the publisher in each case for a specific article . the subscription fee entitles the subscriber to one original copy only . unauthorized copying is considered theft . july / august 2022 Financial Advisor ( volume 23 , number 6 )
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