Fixed-income products like bonds are usually the best choice, but preferred stock is also viable because of its fixed dividend. An understanding of the benefits, risks, and the typical investors of financial products is required. Currently, I have written over 350 and I am in the process of creating a file with detailed answers to the questions. 2) You are meeting with a couple who plans to retire within the next two years, and they are asking you to identify the appropriate mix of assets for their investment portfolio. a blog for the brave people about to face the Series 7 exam. If money is needed within a short time frame, or if the customer needs a high degree of liquidity, a money market account is a good place to park funds and avoid loss of principal. The best results? 2 comments: B Walks October 15, 2012 at 10:33 AM. Suitability of Annuities on Series 7 Exam. rule for determining asset allocation: tax implications for retirement. A common stock investment, even with a high dividend payout, is usually not the best answer here, because dividends are not guaranteed. It’s safe to say that you will not pass the Series 7 Top-Off unless you have a firm grasp of the concepts in this category. The questions will be more complex and difficult to answer. An investor saving for the future or wanting capital appreciation has a growth objective. She currently teaches the SIE, Series 6, 7, 24, 50, 52, 63, 65, and 66 exams. Replies. It has text as well as some charts and tables. The timer of the exam will not stop once the exam starts. Please go to the Instagram Feed settings page to connect an account. The new Series 7 top-off exam places more emphasis than ever on the concept of suitability. IMPORTANT! . Keep working through practice questions, and you’ll be well on your way to a passing Series 7 score. An investor who doesn’t want to lose money or fears loss of principal has a capital preservation objective. She is willing to take some risk in exchange for strong appreciation. Don’t sweat this too much – just answer them as normal and be confident in your approach. SIE Exam Difficulty. The Financial Industry Regulatory Authority (FINRA) administers the Series 7 Top-Off, which is a 135 question exam. 10 of the questions are considered “experimental” and do not count towards your grade. Do not use the browser back button while doing this test. This is one of the reasons why it’s so important to skip questions where you are “stuck”, which we cover more in our Test Taking Strategies post. I just took my exam and didn’t pass first time around. An investor seeking income or wanting to supplement current earnings needs an investment that provides a steady payout. Choose from 262 different sets of series 7 practice exam suitability flashcards on Quizlet. Use our Series 7 Study Guide below to conquer the test. Let’s analyze the sections, starting with the largest: This section sticks out a little, huh? Unfortunately I’m already using tc and Kaplan. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. We’ll also share some important test-taking tips that will give you the edge on test day. The main focal point of this section is suitability, which involves making proper investment recommendations to customers. The investor objective generally falls into the category of growth, income, or capital preservation. The most commonly tested securities (financial products) are: While the SIE tested the basics and fundamentals of these products, the Series 7 Top-Off will go further down the rabbit hole. Give yourself a time budget for how many hours you plan on studying between today and test day. REITs are also appropriate for providing income, especially if the investor is looking for an investment that isn’t highly correlated to stock market performance. Tackling Series 7 Exam Questions. This is one of the reasons why it’s so important to skip questions where you are “stuck”, which we cover more in our Test Taking Strategies post, SIE (Securities Industry Essentials) Exam. If the investor has an income need but prefers an equity portfolio, preferred stock is probably best. I think it’s as “suitable” a read now as it was back then and I highly “recommend” it. Which of the following portfolios is most appropriate for them? Because money market funds are highly liquid, they are a great choice for emergency funds. Free Series 7 Sample Exam Questions. Let’s begin. Series 7 Suitability Questions by Michael Weiss, CFA on 05/24/15 As you may or may not know, Series 7 Exam Tutor writes suitability questions and when appropriate, distributes them to existing students. Subtract the age of the investor from 100. Don’t be afraid to take a question at face value, even if it seems too easy. In total, 125 questions will count toward your final score. m�$�k�v�Z�dQ53�Vt�ڶ.�yK9糗VmQ�ykE)���#������\l������>�'b�}��x���;��#ֳ�[)Iն���^2��/Oh��_��|����j�O�AM`�W����!x"{>�U�XrPz�Rйk+6m�e3o-�b�ں������3������n

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