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| Section | Weight | Objectives |
|---|---|---|
| Technical Competencies | 84% | - Retirement Planning - Asset and Liability Management - Estate Planning - Tax Planning - Risk Management and Insurance - Investment Planning |
| Enabling Competencies | 16% | - Professional Conduct and Regulatory Compliance - Client Relationship and Practice Management |
Lex's client, Phillip, has signed an agreement to purchase his uncle's business when his uncle retires in five years for $210,000. Phillip has $175,000 today, how should Lex recommend Philip invest his money?
Correct Answer: D 🗳️
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Jaycee has created an investment portfolio for his client, Adam, which is designed to achieve his long-term objectives and is consistent with his risk tolerance and constraints. It also has to be reassessed periodically to ensure that the long-term benchmark mix continues to reflect Adam's circumstances. Which asset allocation strategy is Jaycee utilizing?
Correct Answer: C 🗳️
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Which statement best distinguishes a defined benefit pension plan from a defined contribution pension plan?
Correct Answer: B 🗳️
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A retiree holds most of her investments in interest-bearing GICs inside a non-registered account while her TFSA is invested in cash. She has unused TFSA room and wants to improve after-tax efficiency without increasing total portfolio risk materially. What should the planner consider?
Correct Answer: B 🗳️
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A client wants to increase net worth by identifying spending reductions and increasing monthly surplus.
Which document is most useful for this purpose?
Correct Answer: C 🗳️
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