From“ Four Opportunities To Add Value In Giving Season,” page 19 1. Clients might want to concentrate several years of giving into one high-income year to offset the new ___ adjusted gross income( AGI) floor for deductions. A. 0.5 % B. 1 % C. 1.5 % D. 2 %

2. Clients with private foundations have to pay out a ___ annual minimum. A. 2 % B. 5 % C. 7.5 % D. 10 %

From“ The Overlooked Asset Class Advisors Can’ t Ignore,” page 21 3. Why do advisors avoid looking at digital assets for an estate plan? A. Passwords, file storage and social media accounts feel like IT, not finance. B. These items will likely have no value. C. The law has made it impossible to have power of attorney over these assets. D. None of the above

4. What law provides guidance for dealing with digital assets? A. A model law: The Revised Uniform Fiduciary Access to Digital Assets Act B. The Setting Every Community Up for Retirement Enhancement( SECURE) Act C. ERISA D. The“ Democratizing Access To Alternative Assets for 401( k) Investors” executive order

From“ A Twist On Yield Investing,” page 40

5. The Cambria Emerging Shareholder Yield ETF recently sported a 30-day SEC yield of nearly __. A. 1.02 % B. 3.5 % C. 4.02 % D. 5 %

6. The Cambria Emerging Shareholder Yield ETF picks emerging market stocks on the basis of ____. A. Their P / E ratios B. Their compound annual growth rate C. Their dividends and buybacks D. Their intrinsic value From“ Big Beautiful End-Of-Year Tax Strategies,” page 44 7. Your clients’ $ 40,000 SALT deduction this year diminishes when their income exceeds ____. A. $ 200,000 B. $ 300,000 C. $ 500,000 D. $ 600,000

8. The new deduction for seniors is ____ for individuals over age 65. A. $ 3,000 B. $ 4,000 C. $ 5,000 D. $ 6,000

From“ What To Tell Yield-Hungry Clients If Rates Fall?,” page 49 9. What’ s the disadvantage of putting money in a CD? A. It’ s illiquid. B. It’ s not insured. C. CDs are volatile.

D. None of the above

10. What are the disadvantages of money-market funds? A. They aren’ t FDIC insured. B. They’ re illiquid. C. Their net asset value isn’ t stable. D. All of the above

From“ Four Opportunities To Add Value In Giving Season,” page 19 1. The new tax law has raised the exemptions for lifetime gifts and estate taxes to ___ per individual.

A. $ 7 million B. $ 10 million C. $ 15 million D. $ 20 million

2. Your clients can still use ____ from their IRAs if they are over 70 and want to reduce taxable income. A. Qualified charitable distributions B. Private foundation bequests C. Charitable remainder trusts D. None of the above

From“ The Overlooked Asset Class Advisors Can’ t Ignore,” page 21 3. A Bryn Mawr Trust survey found the average person values their digital assets at nearly ____. A. $ 50,000 B. $ 100,000 C. $ 150,000 D. $ 200,000

4. Only __ of those surveyed said their advisor addressed digital assets in estate plans, according to Bryn Mawr Trust. A. 12 % B. 24 %. C. 44 % D. 60 %

From“ A Twist On Yield Investing,” page 40

5. According to Cambria, a company’ s ____ is / are camouflaged in its market price. A. Corporate share buybacks B. Dividends C. Net asset value D. All of the above

6. According to Cambria, why is shareholder yield a good metric for judging emerging market stocks? A. It shows stocks in these countries have emerging middle classes. B. It shows that these countries are not dependent on commodities. C. It’ s hard to fake cash flow if a company is actually paying dividends and doing buybacks. D. All of the above

From“ Big Beautiful End-Of-Year Tax Strategies,” page 44 7. Net business operating losses carried to future years can only offset __ of income. A. 20 % B. 40 % C. 80 % D. 90 %

8. For 2025, the maximum for qualified charitable distributions is ___ per person. A. $ 48,000 B. $ 58,000 C. $ 79,000 D. $ 108,000

From“ What To Tell Yield-Hungry Clients If Rates Fall?,” page 49 9. Advisors say cash-equivalent allocations such as money-market funds should cover about __ months of living expenses. A. 3 B. 5 C. 8 D. 12

10. Why can interest rate cuts be good for bonds? A. Investors holding higher-coupon bonds get a boost in value. B. The yield curve inverts. C. Clients will have a chance to search for higher yielding securities. D. None of the above

56 | FINANCIAL ADVISOR MAGAZINE | NOVEMBER 2025 WWW. FA-MAG. COM