Financial Industry

Wealth management associates perform clerical tasks to support the wealth manager in providing financial advice to high net-worth clients. They handle client inquiries relating to investments, and assist the wealth manager in preserving and generating wealth on behalf of the clients. What is the role of a wealth advisor? They…

Section 23A also has an attribution rule, which treats a transaction between a bank and a third party as a covered transaction if the proceeds of the transaction are used for the benefit of, or are transferred to, an affiliate of the bank. What are 23A covered transactions? Section 23A…

Supervised Person: Any of your officers, partners, directors (or other persons occupying a. similar status or performing similar functions), or employees, or any other person who. provides investment advice on your behalf and is subject to your supervision or control. [ What is the definition of supervised person? The Advisers…

FHLBs offer a variety of credit products known as “advances” to meet the short- and long-term liquidity needs of their members. FHLB advances serve as a funding source for a variety of mortgage products, including those focused on very low- and low- and moderate- income households. What are types of…

What is the meaning of POF dating? plenty of fish There’s plenty of fish (in the sea) means a single person still has lots of options out there for future partners. It’s often said in consolation after a breakup—not that it always helps. The saying is the basis of the…

Is Tony Robbins a financial advisor? Additionally, Robbins has repeatedly said that “his goal is to educate, not to offer financial advice.” “He believes financial advice and guidance should only come from a fiduciary adviser who understands the goals, needs and interests of their individual clients,” the spokesperson noted.  Who…

55 items55 items (50 scored and 5 unscored). There is no penalty for guessing. Therefore, candidates should attempt to answer all items. Candidates will be allowed 1 hour and 30 minutes to complete the Series 6 exam. Is Series 6 difficult? The Series 6 is a tough exam, especially for…

The SEC’s definition of a “covered person” in the firm, with respect to an audit client (or its affiliates) includes (1) individuals on the “audit engagement team,” (2) personnel in the “chain of command” over members of the audit engagement team or concerning the conduct of the audit, (3) any…

Our enforcement powers prohibiting individuals from carrying on regulated activities. suspending firms and individuals from undertaking regulated activities. issuing fines against firms and individuals who breach our rules or commit market abuse. issuing fines against firms that breach competition laws.  How does the FCA enforce? We can prosecute firms and…

The Office of Financial Regulation (OFR)The Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry. Where do I file a complaint against a bank in Florida? The Office of…

What is the purpose of having so many financial institutions? Financial institutions are important because they provide a marketplace for money and assets, so that capital can be efficiently allocated to where it is most useful. For example, a bank takes in deposits from customers and lends the money to…

125 multiple choice125 multiple choice questions, allow the candidate 225 minutes to complete the exam, and will be scored using equating. How many options questions are on the Series 7 top-off? 10-15 options questions The Series 7 top-off exam typically includes 10-15 options questions. That’s about 10% of the 125…

Insurance companies: An insurance company also qualifies as a financial intermediary because it takes the money from businesses or individuals to secure them against various risks. Insurance premiums are pooled together to pay for claims as necessary. What type of financial intermediary is an insurance company? Insurance corporations are financial…

The MCOB rules apply to every firm that carries on a home finance activity. A ‘firm’ may be a mortgage lender, administrator, arranger or adviser. A ‘home finance activity’ may be a regulated mortgage contract, a home purchase plan or a home reversion plan. What is the meaning of Mcob?…

What is ArcGIS map? ArcGIS Online is a cloud-based mapping and analysis solution. Use it to make maps, analyze data, and to share and collaborate. Get access to workflow-specific apps, maps and data from around the globe, and tools for being mobile in the field. What type of map is…

Ken Fisher founded Fisher Investments in 1979, which is now a $197-plus billion* investment adviser and money management firm serving large institutions, high net worth individuals and small business retirement plans globally. By most standards, it is the world’s largest pure ´40 Act Investment Adviser. How much money does Fisher…

Soft dollars are commission payments to a brokerage firm that are used, in part, to pay for other services such as research. Soft-dollar transactions are frequently criticized for lacking transparency and hiding abuses. Soft dollars are sometimes defended as providing access to a greater variety of research. What can soft…

What are flows of investment? Fund flows, also referred to as asset flows or just “flows,” measure the net movement of cash into and out of investment vehicles like mutual funds and exchange-traded funds. Fund flows do not reflect the performance of the investment, only how investors move their money.…

What are international risks? The major international risks for businesses include foreign exchange and political risks. Foreign exchange risk is the risk of currency value fluctuations, usually related to an appreciation of the domestic currency relative to a foreign currency. What are the types of international risk? Here is a…

Often, death row inmates choose pies, and I’ve included a variety in the cookbook. Fried chicken and chicken fried steak, which are popular southern dishes, were also common among last meals. But ice cream and milkshakes topped the list. What is the most asked for last meal? Pizza is commonly…