Awma Exam Actual Questions And Answers With Complete Solution

Which one of the following characteristics is more correct concerning younger wealthy individuals (millennials and GenXers)? A) Younger wealthy individuals are seeking more technological options in financial planning. B) Younger wealthy individuals have not experienced significant bear markets. C) Younger wealthy individuals have directly opposite financial needs as compared to baby boomers. D) Younger wealthy individuals likely want to be advised by one of their own generation. {Ans: } A) Younger wealthy investors (millennials and GenXers) are seeking fresh approaches to financial planning, including more technological options. In addition, young clients also have been through fewer years of investing but have experienced several significant bear markets. Mod 1One of the most important life goals of wealthy individuals is A) protecting wealth. B) assuring their retirement lifestyle. C) minimizing taxes. D) travelling the world. {Ans: } D) The most frequently stated life goals for wealthy individuals are having good health, travelling the world, and achieving financial success. To achieve financial success, the most common financial goals are protecting wealth, assuring retirement lifestyle, minimizing taxes, and leaving an estate to their heirs. Mod 1One of the most important financial goals of wealthy individuals is A)leaving an estate to their heirs. B)having good