CIFC TOP EXAM DUMPS | CIFC RELIABLE TEST VOUCHER

CIFC Top Exam Dumps | CIFC Reliable Test Voucher

CIFC Top Exam Dumps | CIFC Reliable Test Voucher

Blog Article

Tags: CIFC Top Exam Dumps, CIFC Reliable Test Voucher, CIFC Actual Questions, CIFC Training Questions, CIFC Test Braindumps

These CIFC exam questions are designed and verified by experienced professionals. These professionals have years of experience and they constantly work with us to ensure the top standard of CIFC Exam Questions time. So you do not need to go anywhere. Just visit the TestsDumps and explore the top features of Canadian Investment Funds Course Exam (CIFC) exam questions.

TestsDumps is the leader in the latest IFSE Institute CIFC Exam Certification and exam preparation provider. Our resources are constantly being revised and updated, with a close correlation. If you prepare IFSE Institute CIFC certification, you will want to begin your training, so as to guarantee to pass your exam. As most of our exam questions are updated monthly, you will get the best resources with market-fresh quality and reliability assurance.

>> CIFC Top Exam Dumps <<

CIFC Reliable Test Voucher & CIFC Actual Questions

During the prolonged review, many exam candidates feel wondering attention is hard to focus. But our CIFC real exam is high efficient which can pass the CIFC exam during a week. To prevent you from promiscuous state, we arranged our CIFC Learning Materials with clear parts of knowledge. Besides, without prolonged reparation you can pass the CIFC exam within a week long. Everyone's life course is irrevocable, so missing the opportunity of this time will be a pity.

IFSE Institute Canadian Investment Funds Course Exam Sample Questions (Q160-Q165):

NEW QUESTION # 160
One of your clients, Harry, has heard that he can defer paying tax on capital gains. He wants to know if what he has heard is correct and if so, how to defer paying taxes on capital gains.
What would you tell Harry?

  • A. He should invest in mutual funds just before the dividend paying date to pick up the dividend.
  • B. He should hold profitable investments as long as possible.
  • C. Harry should buy and sell investments actively.
  • D. He should hold unprofitable investments as long as possible.

Answer: A


NEW QUESTION # 161
Nelson is a Dealing Representative with True Wealth Advisors Inc., a mutual fund dealer. Nelson follows proper procedures related to his firm's Relationship Disclosure Information (RDI). Which of the following CORRECTLY describes how Nelson is permitted to evidence that he satisfied his RDI obligation?

  • A. Nelson may deliver the RDI to clients who request it and keep detailed notes of the clients who were provided with the RDI.
  • B. Nelson can formalize his relationship under the RDI using a Letter of Engagement that specifies duties, responsibilities, and level of service.
  • C. Nelson may retain a copy of the RDI in the client file with detailed notes to confirm that he provided and explained the RDI to the client.
  • D. Nelson can record detailed notes which confirm that he provided and explained the Fund Facts to the client within 2 days of the RDI.

Answer: C

Explanation:
Explanation
Relationship Disclosure Information (RDI) is a document that provides important information about the nature and scope of the relationship between a registered firm and its clients. It covers topics such as the products and services offered by the firm, the fees and charges applicable to the client's account, the risks associated with investing, the conflict of interest management policies of the firm, and the dispute resolution services available to the client. According to Section 14.2 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103), registered firms must provide RDI to their clients before they purchase or sell securities for them or advise them to do so. Registered firms must also update RDI in a timely manner if there are any significant changes to it. To evidence that they have satisfied their RDI obligation, registered firms may retain a copy of the RDI in the client file with detailed notes to confirm that they have provided and explained RDI to their clients. This is one of the acceptable methods suggested by Alberta Securities Commission (ASC) in its presentation on RDI1. Delivering RDI only upon request or using a letter of engagement are not sufficient methods to comply with NI 31-103. Providing and explaining Fund Facts is a separate obligation under NI 31-101 Mutual Fund Distribution Rules.
References: Relationship Disclosure Information August 2021, Relationship Disclosure Information, Relationship Disclosure Information


NEW QUESTION # 162
Which of the following is a rationale for a portfolio manager to use a passive portfolio management strategy?

  • A. The manager believes that as the markets are fairly priced, it would be futile to look for mis-priced securities.
  • B. The manager does not believe in using benchmarks.
  • C. The manager believes he or she can outperform the market with his or her stock picking skills.
  • D. The manager wishes to create capital gains in the mutual fund by frequently buying and selling stocks

Answer: A


NEW QUESTION # 163
Thomas, a resident of Ontario, is a full-time university student. He does food delivery to supplement his income. During the school year, he works on weekends and works full-time during his summer break.
Thomas' pensionable earnings were $16,000 for the year. How much must Thomas contribute to CPP when CPP contribution rate is 5.95%?

  • A. $743.75
  • B. $1,425.00
  • C. $912.00
  • D. $0

Answer: A

Explanation:
Explanation
Thomas must contribute to CPP based on his pensionable earnings, which are his income from employment or self-employment that are subject to CPP. However, he can deduct a basic exemption amount from his pensionable earnings, which is $3,500 for the year. Therefore, his contributory earnings are:
16,0003,500=12,500
The CPP contribution rate is 5.95% for employees and self-employed workers. Therefore, Thomas must contribute:
12,500×5.95%=743.75
References:
Canadian Investment Funds Course (CIFC) Study Guide, Chapter 6: Registered Plans, Section 6.3:
copyright Pension Plan (CPP), page 6-101
copyright Pension Plan - How much could you receive - copyright.ca2


NEW QUESTION # 164
Khuyen is a Dealing Representative for Stark Contrast Investments. Her dealer has relationships with 20 different mutual fund families. This gave her the flexibility to sell two different types of funds from two different fund families to her client, Bao. $5,000 was invested in the Blue Moon Global Balanced fund and an additional $5,000 was invested in the Orange Sun Asset Allocation fund. Khuyen has been reviewing the performance of both funds and has determined that Bao would be better off being fully invested in the Blue Moon Global Balance fund. Bao had previously signed a Limited Authorization Form (LAF) for Khuyen, so she goes ahead and does not worry about consulting with Bao before making the change.
What type of activity has Khuyen performed?

  • A. Value investing
  • B. Discretionary trading
  • C. Top-down management
  • D. Churning

Answer: B

Explanation:
Explanation
Discretionary trading is a type of trading activity where the advisor makes investment decisions on behalf of the client without obtaining the client's prior consent for each transaction. Discretionary trading is only allowed if the client has signed a discretionary management agreement with the advisor and the advisor is registered as a portfolio manager. A limited authorization form (LAF) does not grant the advisor the authority to engage in discretionary trading. A LAF only allows the advisor to execute trades that are initiated by the client, such as pre-authorized contributions or withdrawals. Therefore, Khuyen has performed discretionary trading by switching Bao's funds without consulting him, which is a violation of her registrant responsibilities and ethical standards. References:
Canadian Investment Funds Course (CIFC) Study Guide, Chapter 2: The Sales Process, Section 2.4:
Ethics and Compliance, page 2-161
Discretionary Trading Definition - Investopedia2


NEW QUESTION # 165
......

Authorized test Canadian Investment Funds Course Exam dumps Premium Files Test Engine pdf. Updated CIFC training topics with question explanations. Free practice IFSE Institute study demo with reasonable exam price. Guaranteed CIFC Questions Answers 365 days free updates. pass CIFC exam with excellect pass rate. Positive feedback fromTestsDumps's customwrs. CIFC sample questions answers has regualer updates.

CIFC Reliable Test Voucher: https://www.testsdumps.com/CIFC_real-exam-dumps.html

IFSE Institute CIFC Top Exam Dumps And you can also take some notes on them, As this industry has been developing more rapidly, our IFSE Institute CIFC exam has to be updated at irregular intervals in case of keeping pace with changes, So our certified experts written the latest CIFC Reliable Test Voucher - Canadian Investment Funds Course Exam exam torrent for candidates who have no much time to prepare and practice the valid CIFC Reliable Test Voucher - Canadian Investment Funds Course Exam dumps pdf, However, the high-quality and difficulty of CIFC test questions make many candidates stop.

Why not edit it into a stunning movie, Managing CIFC a Data Center Project, And you can also take some notes on them, As this industry has been developing more rapidly, our IFSE Institute CIFC exam has to be updated at irregular intervals in case of keeping pace with changes.

CIFC valid vce collection & CIFC latest training dumps

So our certified experts written the latest CIFC Top Exam Dumps Canadian Investment Funds Course Exam exam torrent for candidates who have no much time to prepare and practice the valid Canadian Investment Funds Course Exam dumps pdf, However, the high-quality and difficulty of CIFC test questions make many candidates stop.

Real CIFC Exam Question Answers.

Report this page