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Wealth Management

Wealth Management test

Type: Role specific skills

Time: 10 min

Languages: English

Level: Intermediate

Summary of the Wealth Management test

This Wealth Management test evaluates candidates’ technical and analytical skills in managing wealth and their ability to successfully identify investors’ financial goals, risks, and preferences.

Covered skills

Situational profiling of clients
Portfolio construction, monitoring, and performance
Capital markets proficiency
Risk management

Use the Wealth Management test to hire

Portfolio managers, wealth management advisors, financial advisors, investment consultants, wealth planners, and anyone else responsible for managing wealth.

Preview questions

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About the Wealth Management test

Investors with significant wealth, whether individual or institutional, typically require specialized services that go beyond the scope of a typical financial advisor. This is where wealth management specialists come in, who take into account individual circumstances, financial goals, and constraints.

Wealth managers do more than just provide investment advice; they create complex financial plans that take into account taxes, retirement, estate planning, liquidity needs, and a variety of other factors.

This Wealth Management test evaluates candidates' understanding of capital markets, portfolio management, and financial planning. The questions are based on real-life scenarios and are designed to assess candidates' ability to identify and analyze the unique circumstances of high-net-worth investors as well as their ability to develop targeted strategies that minimize taxes, protect asset value, maximize growth within risk objectives, and transfer wealth in the most efficient manner.

Candidates who do well on this test will have specialized knowledge of wealth management and can identify client-centric investment opportunities. They can advise investors on asset allocation strategies and investment solutions that are appropriate for their risk tolerance level.

photo of the subject matter expert for this test

The test is made by a subject-matter expert

Toni N.

Toni holds a master's degree in finance and is a Chartered Financial Analyst and certified Financial Risk Manager. He started his career in the investment banking industry, working for almost a decade in various banking roles. During this time, he also worked part-time conducting independent research and valuations on publicly-listed companies.

In 2021, he transitioned to fully focus on investment research and valuations and is currently starting his own investment research firm.

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FAQs

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now."

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

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