ce quiz Jan. 13

FROM “STALKING THE PERFECT CLIENT,” PAGE 31: 1. WealthEngine, a data-gathering company, says it tracks some ___________ high-net-worth individuals with assets of ___________ or more.

1. 10 million; $1 million

2. 10 million; $10 million

3. 1 million; $20 million

4. 10 million; $20 million

FROM “ASSET MANAGEMENT: 8 BEST APPS,” PAGE 52:

2. According to a recent survey, ______ of all advisors own a tablet and ______ of those own an iPad. 1. 75%; 80% 2. 55%; 85% 3. 50%; 81% 4. 85%; 81%

FROM “HEADING OFF 2013 TAXES,” PAGE 54: 3. Large itemized deductions that lower taxable income will help clients avoid the 3.8% surtax. TRUE FALSE

4. Which of the following couples would not have to pay the 3.8% surtax in 2013? 1. A single filer with modified adjusted gross income of $210,000 and $5,000 of net investment income. 2. A couple with a joint return, modified adjusted gross income of $240,000 and $100,000 of net investment income. 3. A single filer with modified adjusted gross income of $260,000 and $100,000 of net investment income. 4. A couple with a joint return, modified adjusted gross income of $300,000 and $50,000 of net investment income.

FROM “ETF FEE SMACKDOWN,” PAGE 58: 5. After rivals lowered E TF expense ratios, iShares cut the expense ratio on its existing aggregate bond fund to _______. 1. 0.02% 2. 0.2% 3. 0.08% 4. 0.8%

6. In September 2012, Vanguard had __________ in ETF assets, while Schwab had __________.

1. $645 billion; $221 billion

2. $221 billion; $7.5 billion

3. $570 billion; $212 billion

4. $221 billion; $75 billion

FROM “CONCEN TRATED EFFORT,” PAGE 61: 7. According to Morningstar, ______ mutual fund equity portfolios in its database hold fewer than 30 stocks. 1. 40 2. 50 3. 100 4. 350

8. Which two concentrated mutual funds does Morningstar recommend for lower volatility?

1. Yacktman and Fairholme

2. Fairholme and Sequoia

3. Yacktman and Linde Hansen Contrarian Value 4. Sequoia and Yacktman

FROM “STREAMING INTO BONDS,” PAGE 63: 9. How much investor money flowed into taxable bond funds in October? 1. $22 billion 2. $29.6 billion 3. $114 billion 4. $220 billion

10. For the three months ending Oct. 31, the 14 best-performing U.S. equity funds were in what sector? 1. Precious metals

2. Technology

3. Real estate

4. Utilities

Financial Planning offers its continuing education quiz exclusively online at financial-planning.com/ce_quiz/. If you need assistance, please contact SourceMedia customer service at custserv@sourcemedia.com or (800) 221-1809. To earn one hour of continuing education credit with the CFP Board of Standards, please visit our website and answer the questions above. You must get eight out of 10 questions correct to pass. Credit will count under CFP Board subject A: financial planning process/general principles. Deadline for participation is April 26, 2013.