FeeX Week 1 knowledge check

Create an image of financial advisors collaborating over a computer screen with data and charts related to investment management and retirement accounts.

FeeX Week 1 Knowledge Check

Test your knowledge on the FeeX platform with this comprehensive quiz. Whether you're a financial advisor or simply interested in learning more about investment management, this quiz covers essential topics that will enhance your understanding.

21 thoughtful questions
Multiple choice format
Engaging for professionals and learners alike

21 Questions5 MinutesCreated by AnalyzingAdvisor202

How many basis points does FeeX charge the standard advisor for assets on the platform?

For billing, the best practice for advisors would be to bill their clients directly from their 401k or other qualified account

True

False

The following held away account is similar to a 401K, but only available to federal employees:

TSP

401a

529

RSU

Which of the following is a differentiating factor for the FeeX platform versus an aggregator?

Data accuracy

Reliable account connectivity

Trading and execution capabilities

All the above

What is the name of the proprietary system that FeeX has built to solve for connectivity issues pertaining to multi-factor authentication?

Double Verification

Password Reset

Smart Message Routing

Auto Rebalance

Which of the following is NOT a current integration partner of FeeX?

Orion

Morningstar Office

Panoramix

Tamarac

A private fund vehicle exclusive to qualified retirement plans is called a(n):

Mutual Fund

ETF

IRA

Collective Investment Trust (CIT)

What is the main difference between an RIA and a Broker Dealer?

RIAs invest only in funds, while BDs can invest in any asset type

RIAs have required fiduciary responsibility, while BDs do not

RIAs are smaller than BDs

RIAs have more AUM than BDs

Which of the following would trigger custody of a client's held-away account?

Trading the assets

Storing the client's credentials

Charging a management fee

Billing from a non-qualified account

Which of the following best describes a brokerage window?

A transparency tool for a clients brokerage account

A tax-advantaged account to help people save for medical expenses

An extended option in a 401k plan that offers a broader menu of investments

An account sponsored by hospitals, medical institutions, and universities that includes annuity options

The FeeX platform currently has the capability to bulk trade and auto-rebalance client accounts

True

False

According to an Aon Hewitt study, advisor managed 401k accounts perform _% better than self directed ones annually

3.3

3.5

5.0

1.5

The typical advisor has a potential AUM increase of _% when actively managing held-away accounts

Our ICP (Ideal Consumer Profile) is

Financial advisors who primarily deal with high net worth individuals that are retired

Financial advisors who provide ongoing advisory services for an ongoing fee for individual clients

Financial advisors who provide services for pension and profit sharing plans

Registered Investment Advisors that manage institutional accounts

If connectivity to a financial institution is not available on our platform, we can typically have one added within

72 hrs

24 hrs

6 weeks

We cannot add additional financial institutions to the platform

The FeeX platform was built to serve

The advisor

The end client of the advisor

The plan provider

VC investors

FeeX Week 1 knowledge check

FeeX Week 1 Knowledge Check

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