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From “ Who Is The Next-Gen Investor ?,” page 25 1 . What is “ philtech ”?
A . Software , platforms and mobile apps that facilitate giving or opening charitable vehicles
B . Platforms that offer advisors a dashboard to see into clients ’ charitable giving
C . Platforms that allow advisors to manage philanthropy the same way they do other aspects of client wealth
D . All of the above
2 . According to the author , what should advisors do to engage the younger generation ? A . Be well-versed in the types of charitable giving vehicles B . Encourage younger clients to find a charitable focus C . Discuss the merits of hands-on philanthropy , such as volunteering D . All of the above
From “ Don ’ t Wait For The ‘ Great Wealth Transfer ’,” page 27
3 . The “ Great Wealth Transfer ” refers to what phenomenon ? A . The movement from actively managed funds to index funds and ETFs B . The transfer of assets owned by baby boomers and the Silent
Generation to the younger Generation X and millennials C . The movement of assets from retirement plans to rollover IRAs D . The movement of assets from men to women investors
4 . What steps does the author recommend that advisors take in order to engage clients and their families ? A . To sort their clients by age B . To meet the clients ’ spouses , partners and children C . To commit to a family meeting with each of their oldest clients this year D . All of the above
From “ The Art Of Trouncing An Index ,” page 45
5 . At the end of 2023 , how much of the Needham Aggressive Growth Fund was in cash ? A . 3 % to 4 % B . 10 % C . 17 % D . 22 %
6 . What safety provider does portfolio manager John Barr look for in a company ? A . Anything AI B . A legacy business C . High operating margins D . An inflation-resistant industry
From “ You Can ’ t ‘ Legislate Good Behavior ’,” page 49
7 . The new Department of Labor rule is expected to do which one of the following ? A . Do away with certain fiduciary regulations B . Standardize fiduciary regulations to apply to more financial professionals C . Allow clients to sue advisors for giving bad advice D . Change the age for required minimum distributions from retirement accounts
8 . Critics of the department ’ s current regulatory proposal might say which of the following ? A . It ’ s simply unnecessary and could add confusion . B . Investment products keep getting more complex , and this rule won ’ t keep up . C . It ’ s a throwback to an earlier , outmoded standard . D . It will increase fees for clients .
From “ HSAs As ‘ Medical IRAs ’: A Great But Neglected Strategy ,” page 53 9 . The health savings account annual contribution limit is currently _____. A . $ 2,150 C . $ 4,150 B . $ 3,150 D . $ 5,150
10 . Only ___ of health savings account owners have balances of $ 10,000 or more , according to Devenir Research . A . 5 % C . 10 % B . 7 % D . 12 %
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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 2024 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 . May 2024 Financial Advisor ( Volume 25 , Number 4 )
MAY 2024 | FINANCIAL ADVISOR MAGAZINE | 57