CPFA Management Version 2 Practice Exam With Answers (163 Solved Questions)

Preview (6 of 19 Pages)

100%

Purchase to unlock

CPFA Management Version 2 Practice Exam With Answers (163 Solved Questions) - Page 1 preview image

Loading page ...

VERSION 2As a non-fiduciary advisor, you can meet with your client on a recurring basis (quarterly,annually, etc) if providing - general investment reports or discussing the appropriateness ofthe investments to the plan without making specific investment suggestions.Plan fiduciaries will almost always have to hire - service providers for their plan under theirERISA "duty to obtain expert assistance."As a best practice, the advisor can help fiduciaries select: - the service providers, whichusually includes a TPA and a record keeper.In owner driven smaller plans, the advisor can assist the - plan sponsor's HR staff - which islikely to be one person in working with the various plan service providers.In larger participant driven plans, the advisor can work with - the HR director, CFO, and theretirement plan committee to evaluate service providers.A 3(21) fiduciary does not serve as a fiduciary investment manager, but instead usually as -investment advice fiduciaryf your client wants an advisor to manager plan investments, or just the QDIA, they can hire a- 3(38) fiduciary advisor.A 3(21) fiduciary advisors can recommend investments but the final decision on whichinvestments to choose is up to the - plan fiduciaries.CPFA EXAM 2 VERSIONS WITH VERIFIED QUESTIONS AND ANSWERS RATED A+

Preview Mode

This document has 19 pages. Sign in to access the full document!

Report

Study Now!

Document Details

Related Documents

CPFA Management Version 1 Practice Exam With Answers (72 Solved Questions)

Company

Explore

Study Tools