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From “ Women ’ s Growing Wealth Requires Philanthropy Expertise ,” page 22
1 . McKinsey & Co . says that women will control __ of all U . S . wealth in just five more years . A . 25 % B . Half C . Two-thirds D . 7 %
2 . What ’ s the revenue opportunity for financial service companies supporting women , according to the World Economic Forum ? A . $ 700 million in revenue , about half of that in insurance premiums B . $ 700 million in revenue , and $ 500 million of that in insurance premiums C . $ 300 million , with most of that in fees and commissions D . $ 500 million , with half of that in insurance premiums
From “ Optimizing Longevity ,” page 24
3 . What ’ s another name for the personal funded ratio ? A . The profit / loss ratio B . The resources / claims ratio C . The price to earnings , ratio D . The Laffer curve
4 . What does the personal funded ratio measure ? A . Take what you have and what you owe . Discount the present value of future income and expenses . B . It measures the amount of time a client has to unwind savings . C . It measures how much clients must take out in RMDs . D . None of the above
From “ Why Wealthy Families Seek Safe Spaces ,” page 42
5 . How can the IRS treatment of physical security programs be beneficial to executives ? A . It can make a company ’ s security costs tax deductible . B . An executive ’ s security expenses can be taxed as a benefit . C . The executive will have to use after-tax personal funds for security . D . None of the above
6 . What are digital executors ? A . Those tasked with managing a client ’ s digital assets when they die . B . Those who pay for cybersecurity . C . Third parties in charge of cybersecurity . D . None of the above
From “ A High-Yield Fix For Fixed-Income Uncertainty ,” page 44
7 . BlackRock High Yield Fund manager Mitchell Garfin expects high yield to ___ A . Trade at lower spreads and have fewer defaults B . Trade at higher spreads and more defaults C . To become more volatile D . None of the above
8 . When are the BlackRock managers OK with a company ’ s leverage ? A . When the company is generating solid free cash flow B . When inflation is tamed C . When the company is in software . D . When they are investment-grade companies
From “ Helping Clients Cope With The Home Insurance Crisis ,” page 51
9 . What prompted insurers to leave California ’ s home insurance market ? A . Regulators forced insurers to accept contractor estimates for rebuilding costs . B . The state restricted premium increases based on “ catastrophe models .” C . The extensive fire damage . D . The rising cost of construction .
10 . Why did several carriers go out of business in Florida ? A . Lawsuits by insurers rejecting “ overinflated ” contractor estimates B . The capping of premium costs C . Buildings were not up to code D . None of the above
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Financial Advisor ( ISSN 1545-0163 , USPS 021-488 ) is published monthly by Charter Financial Publishing Network Inc ., 149 Avenue at the Common , Shrewsbury , NJ 07702 . 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 2025 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 . March 2025 Financial Advisor ( Volume 26 , Number 2 )
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