From“ How Planned Giving Can Improve Your Advising Practice,” page 33 1. According to Giving USA, giving through bequests( giving made as part of a will, trust or beneficiary designation) climbed nearly ___ in 2025. A. 20 % B. 30 % C. 40 % D. 50 %

2. A ____ allows givers to contribute appreciated assets, receive an immediate tax deduction and an income stream for a specified period or for life. The remaining assets go to charity. A. Spousal trust B. GRAT C. Irrevocable trust D. Charitable remainder trust

From“ Behavioral Edge,” page 45

3. The FullerThaler Behavioral Unconstrained Equity Fund holds ____ stocks. A. 100 to 120 B. Around 150 C. 20 to 30 D. 80 to 100

4. The FullerThaler Behavioral Unconstrained Equity Fund has a stock turnover of about ___. A. 5 % B. 10 % C. 20 % D. 40 %

From“ The Hidden Tax In Roth 401( k) s,” page 48

5. The ____ gave employees the option of electing their company’ s Roth 401( k) for both their own contributions and employer matches. A. Inflation Reduction Act B. SECURE 2.0 Act C. SECURE 1.0 Act

D. One Big Beautiful Bill

6. Employer Roth contributions to retirement plans have come with a surprise taxable amount on Form ___. A. 1099-R B. 1099-B C. 1099-NEC D. W-2

From“ How Huge Litigation Verdicts Impact Wealth Management,” page 51 7. A Nevada jury awarded ____ in damages to plaintiffs suing Nevada’ s Real Water for toxic exposure. A. $ 3 billion B. $ 5.2 billion C. $ 8 billion D. $ 10 billion

8. _____ is the principle where one party is held responsible for the wrongful acts of someone else. A. Standing B. Direct fault C. Strict liability D. Vicarious liability

From“ How Student Loans Became Part of Estate Planning,” page 53 9. Under the One Big Beautiful Bill, grad student borrowing from the federal government is now capped at ____ per year. A. $ 20,500 B. $ 35,000 C. $ 50,500 D. $ 100,000

10. Under the One Big Beautiful Bill, the new aggregate lifetime cap for all federal student borrowing is ___. A. $ 150,000 B. $ 202,500 C. $ 257,500 D. $ 300,000

From“ How Planned Giving Can Improve Your Advising Practice,” page 33 1. A _____ gives a stream of payments to one or more charities the donor cares about. A. Charitable lead trust

B. Charitable remainder trust

C. GRAT D. Revocable trust

2. Planned gifts can include _____. A. Cash C. Life insurance

B. Real estate D. All of the above

From“ Behavioral Edge,” page 45

3. Portfolio manager Raymond Lin attributes the FullerThaler fund’ s performance lag in 2022 mainly to ____. A. Russia’ s invasion of Ukraine B. Inflation C. Overvaluation D. None of the above

4. The FullerThaler Behavioral Unconstrained Equity Fund looks for opportunities when investors ___. A. Overreact to bad news about a stock B. Underreact to good news about a stock C. Stick to their formulas and miss opportunities D. All of the above

From“ The Hidden Tax In Roth 401( k) s,” page 48

5. Total 401( k) contributions are limited to _____ for most workers in 2026. A. $ 50,000 B. $ 64,000 C. $ 72,000 D. $ 100,000

6. If you’ re age 50 to 59, you can make a catch-up contribution to a 401( k) of ____ in 2026. A. $ 4,000 B. $ 6,800 C. $ 8,000 D. $ 11,000

From“ How Huge Litigation Verdicts Impact Wealth Management,” page 51 7. What are noneconomic damages?

A. Pain and suffering B. Emotional distress

C. Inconvenience

D. All of the above

8. What false assumptions do advisors make about big legal damages verdicts against their clients? A. That worker’ s comp will take care of it B. That umbrella liability insurance will automatically be triggered C. That an injured person will only sue those who harmed them directly like a third party D. All of the above

From“ How Student Loans Became Part of Estate Planning,” page 53 9. A 529 plan can be“ super-funded” where a donor can pay a five-year annual-exclusion gift all at once up to ____ per beneficiary. A. $ 19,000 B. $ 50,000 C. $ 85,000 D. $ 95,000

10. Under Internal Revenue Code Section 2503( e), tuition paid directly to an educational institution is entirely exempt from ____. A. Gift taxes

B. Income taxes

C. Capital gains taxes

D. None of the above

56 | FINANCIAL ADVISOR MAGAZINE | SEPTEMBER / OCTOBER 2026 WWW. FA-MAG. COM