FPA NCA - Smarter Planner Podcast CFP® CE Assessment

You must score at least a 70 to receive CE credit

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* 1. First Name

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* 2. Last Name

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* 3. CFP ID

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* 4. Risk-Based Manager Selection - CFP Topic: Investment Planning – Portfolio Construction & amp; Risk Management

According to David Marra, what is the primary starting point in an effective manager selection process?

Evaluating recent performance relative to benchmarks

Comparing fee structures across similar funds

Assessing long-term risk exposure and risk statistics

Interviewing portfolio managers about their philosophy

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* 5. Importance of Manager Selection - CFP Topic: General Principles of Financial Planning – Professional Conduct & amp; Value to Client

Why does David Marra believe manager selection is becoming more important for advisors?

Passive investments no longer outperform

Clients demand short-term results

Advisors have been disappointed by risk management and tax inefficiencies

Regulations require active evaluation

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* 6. Net Returns vs Gross Returns - CFP Topic: Investment Planning – Investment Vehicles & amp; Cost Considerations

How should returns be evaluated when selecting investment managers?

Gross returns before fees

Relative index performance only

Net returns after all fees and costs

Bull-market returns only

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* 7. Qualitative Manager Evaluation - CFP Topic: Investment Planning – Due Diligence & amp; Manager Selection

Which is NOT a qualitative area David recommends evaluating?

Repeatability of investment process

Risk management capability

Marketing and distribution strategy

Value proposition

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* 8. Advisor Differentiation - CFP Topic: General Principles of Financial Planning – Client Value Proposition

Why does manager selection create differentiated value?

Guarantees returns

Replaces asset allocation

Clients cannot realistically do it themselves

Eliminates volatility

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* 9. ESG as Fundamental Data - CFP Topic: Investment Planning – Risk & amp; Return Analysis

Liz Simmie argues ESG data should be viewed as:

Secondary screening data

Fundamental financially material data

Marketing overlay

Sentiment indicator

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* 10. ESG Financial Impact - CFP Topic: Investment Planning – Company Analysis

Which example shows ESG data impacting financial outcomes?

Buybacks

Employee turnover costs

Earnings guidance

Dividends

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* 11. ESG Greenwashing - CFP Topic: Professional Conduct & amp; Regulation – Fiduciary Responsibility

One contributor to ESG greenwashing is:

ESG illegality

ESG overuse

ESG treated as secondary by decision-makers

ESG replacing fundamentals

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* 12. ETF Liquidity - CFP Topic: Investment Planning – Investment Vehicles

ETF liquidity is best explained as:

Based on daily trading volume

Based on underlying holdings liquidity

Always inferior to mutual funds

Only relevant at market close

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* 13. Client ESG Motivation - CFP Topic: Behavioral Finance – Client Goals & amp; Risk Perception

When clients request ESG investing, they are often expressing concern about:

Lower returns

Speculation

Investment risk from poor governance or practices

Avoiding all large-cap stocks

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* 1. First Name

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* 2. Last Name

Question Title

* 3. CFP ID

Question Title

* 4. Risk-Based Manager Selection - CFP Topic: Investment Planning – Portfolio Construction & amp; Risk ManagementAccording to David Marra, what is the primary starting point in an effective manager selection process?

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* 5. Importance of Manager Selection - CFP Topic: General Principles of Financial Planning – Professional Conduct & amp; Value to ClientWhy does David Marra believe manager selection is becoming more important for advisors?

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* 6. Net Returns vs Gross Returns - CFP Topic: Investment Planning – Investment Vehicles & amp; Cost ConsiderationsHow should returns be evaluated when selecting investment managers?

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* 7. Qualitative Manager Evaluation - CFP Topic: Investment Planning – Due Diligence & amp; Manager SelectionWhich is NOT a qualitative area David recommends evaluating?

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* 8. Advisor Differentiation - CFP Topic: General Principles of Financial Planning – Client Value PropositionWhy does manager selection create differentiated value?

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* 9. ESG as Fundamental Data - CFP Topic: Investment Planning – Risk & amp; Return AnalysisLiz Simmie argues ESG data should be viewed as:

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* 10. ESG Financial Impact - CFP Topic: Investment Planning – Company AnalysisWhich example shows ESG data impacting financial outcomes?

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* 11. ESG Greenwashing - CFP Topic: Professional Conduct & amp; Regulation – Fiduciary ResponsibilityOne contributor to ESG greenwashing is:

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* 12. ETF Liquidity - CFP Topic: Investment Planning – Investment VehiclesETF liquidity is best explained as:

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* 13. Client ESG Motivation - CFP Topic: Behavioral Finance – Client Goals & amp; Risk PerceptionWhen clients request ESG investing, they are often expressing concern about:

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* 14. Additional comments or topics you would like to see

* 4. Risk-Based Manager Selection - CFP Topic: Investment Planning – Portfolio Construction & amp; Risk Management

According to David Marra, what is the primary starting point in an effective manager selection process?

* 5. Importance of Manager Selection - CFP Topic: General Principles of Financial Planning – Professional Conduct & amp; Value to Client

Why does David Marra believe manager selection is becoming more important for advisors?

* 6. Net Returns vs Gross Returns - CFP Topic: Investment Planning – Investment Vehicles & amp; Cost Considerations

How should returns be evaluated when selecting investment managers?

* 7. Qualitative Manager Evaluation - CFP Topic: Investment Planning – Due Diligence & amp; Manager Selection

Which is NOT a qualitative area David recommends evaluating?

* 8. Advisor Differentiation - CFP Topic: General Principles of Financial Planning – Client Value Proposition

Why does manager selection create differentiated value?

* 9. ESG as Fundamental Data - CFP Topic: Investment Planning – Risk & amp; Return Analysis

Liz Simmie argues ESG data should be viewed as:

* 10. ESG Financial Impact - CFP Topic: Investment Planning – Company Analysis

Which example shows ESG data impacting financial outcomes?

* 11. ESG Greenwashing - CFP Topic: Professional Conduct & amp; Regulation – Fiduciary Responsibility

One contributor to ESG greenwashing is:

* 12. ETF Liquidity - CFP Topic: Investment Planning – Investment Vehicles

ETF liquidity is best explained as:

* 13. Client ESG Motivation - CFP Topic: Behavioral Finance – Client Goals & amp; Risk Perception

When clients request ESG investing, they are often expressing concern about: