ExamLabsDumps What Is a Certified Trust and Financial Advisor( CTFA)?
The ABA requires Certified Trust and Financial Advisor aspirants to have at least three times of wealth operation experience. Qualifying wealth operation experience includes giving advice on trusts, estates, withdrawal accounts and analogous matters.
aspirants with three to five times of experience must also complete a wealth operation training program. There are four program options available. Those with at least five times of experience don ’t need to complete a wealth operation training program but must have a bachelorette’s degree. aspirants with 10 times or further of wealth operation experience don ’t need moreover a wealth operation training program or a bachelorette’s degree to earn the CTFA instrument.
Assuming the banker has the required experience or combination of experience and education, he or she can take the CFTA test. To maintain their instrument, CTFAs must complete 45 continuing education credits every three times and uphold the instrument’s law of ethics. They also have to pay an periodic figure of$ 275 to the ABA to renew the instrument.
Another sample question from the test is
Question “ A customer faces a 30 civil income duty rate and a 5 state duty rate. External bonds issued in the customer’s state of hearthstone are pure from state levies. Exam Labs Dumps Considering current income only, and not conforming for the civil deductibility of state levies, which of the following represents a proper comparison of bond attractiveness? ”
- A 10 Treasury bond is more seductive than a7.20 external bond issued by a state of which the customer isn't a occupant.
- 00 bond issued by the customer’s state of hearthstone is more seductive than a7.20 external bond issued by another state.
- An 18 commercial bond is more seductive than a 12 external bond issued by the customer’s state of hearthstone.
- 75 external bond issued by the customer’s state of hearthstone is more seductive than a 7 external bond issued by aU.S. home.
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