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American Bankers Association Certified Trust and Financial Advisor Exam
- Topic 1: Classify transactions using principal and income accounting/ Adhere to investment regulatory requirements
- Topic 2: Identify economic and market outlook concepts/ Identify and interpret duties related to legal structure
- Topic 3: Identify, disclose, and/or avoid potential conflicts of interests/ Identify and interpret types of ownership interests
- Topic 4: Recognize the signs of financial and elder abuse and how and when to reporting/ Understand and articulate fiduciary responsibilities
- Topic 5: Review nature and characteristics of legal entity structure and account capacity/ Educate clients regarding the use of insurance to mitigate risk
- Topic 6: Recommend an appropriate investment strategy based on goals and objectives/ Understand and articulate fiduciary principles
- Topic 7: Perform administrative reviews pursuant to internal policies or external regulations/ Understand and apply knowledge of federal estate and gift tax
- Topic 8: Execute the pre-acceptance process to eliminate potential risk/ Profile and understand a client?s risk appetite
- Topic 9: Implement multi-asset class investment strategy/ Comprehend and articulate fiduciary responsibilities
- Topic 10: Apply the formal requisites of establishing a fiduciary account/ Understand and explain fiduciary income tax
- Topic 11: Maintain compliance with Bank Secrecy Act (BSA)/Anti-Money Laundering (AML)/ Identify, communicate, and apply generation-skipping transfer tax
Free American Bankers Association Certified Trust and Financial Advisor Exam Actual Questions
The questions for Certified Trust and Financial Advisor were last updated On Apr. 12, 2024
___________ reserves for income tax purposes are referred to as maximum tax actuarial reserves (MTAR) and replace the actuarial liabilities used for accounting purposes in computing taxable income.
Identification and documentation of the controls and policies which address the risk management issues for each of the Standards is the necessary step for:
Which investments held by life insurance enterprises should be carried in the balance sheet at amortized cost?
What is made on an instrument-by-instrument basis, generally when an instrument is initially recognized in the financial statements?
Monetary items and non-monetary items carried at market value are translated into the reporting currency at the rate of exchange in effect on the balance sheet date under:
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