Quiz
Models and preferred Portfolios
Questions in this quiz (20)
1On the Citichoice Badge what is the percentage allocation for the Platinum Asia fund in the “Absolute Return Growth Model 27 Sep 16” which is a dealer group Model?
- A5%
- B10%
- C15%
- D20%
2Adviser F0437229 wants to set a substation for a dealer group model for his client M03406567 who has told him he wants to replace the Platinum asia share fund with the BT International fund, can Andrew do this at no additional cost to the client?
- AAndrew can’t do this he does not have substitution functionality and would need to discuss his current level of access with his dealer group.
- BYes he can substitute the asset through the client set preferences page.
- CHe can order the BT international fund through investment orders and exclude the Platinum Asia fund from any rebalances through client preferences
- DHe will need to request a manual order to be placed.
3With preferred portfolio and Model orders, do CRC’s offer manual trades when the trades cannot be placed online?
- AWe will definitely assist an adviser with a manual trade
- BWe will take the order in limited circumstances as per sp doc id 155659
- CYes, if there is no desktop functionaility we will happily take manual orders
- DThis is not a service currently offered.
4A preferred portfolio can have a maximum of how many managed funds?
- A15
- B20
- C24
- D25
5How many Assets does BT recommend to have in a model ?
- AThere is an unlimited amount of investment opportunities through models
- B35 Investments
- CLess than 50 Investments
- DA maximum of 25 lines of investment
6An adviser from BT Wrap wants access to the dealer group models page, can this be arranged?
- ANo
- BYes
7If I have set up a model for Superwrap only do I have an option of linking a wrap client to the superwrap model?
- ANo
- Byes
- CThe client would need to invest via a preferred portfolio
- DThe model will need to be amended
8Can an order be submitted even when an order warning is present?
- AAll order warnings must be addressed before submission
- BYes
- CNo
- DYou will probably need to check with a SME
9An order error specifies that your order has $500.00 too little to fund the rebalance, what needs to be done?
- ABrokerage was not taken into account on the initial rebalance which is why you have this issue.
- BDelete the line of the rebalance that has that particular error.
- CReduce the order amounts by $500.00 to allow the order error to be rectified and then your rebalance transaction will be able to go through
- DAll of the other answers could help with the solution to this problem.
10What day of the month does BT target (give or take a day or two for weekends) to process automatic preferred portfolio rebalances that are scheduled for quarterly?
- A2nd of the last month of the quarter
- B8th of the last month of the quarter
- C16th of the last month of the quarter
- D21st of the last month of the quarter
11What is the minimum percentage allocation for the working cash account in a preferred portfolio?
- A1%
- B2%
- CThere is no minimum
- D$2500
12I have a client in a model which has BHP as one of the Core holdings, my client is currently advising BHP in regards to its corporate strategy and is not allowed to purchase any further securities in BHP, this is only going to be for a six to eight month period, is there anything I can do in regards to not purchasing any more BHP when I am rebalancing, also ensuring that the current holdings are kept?
- AYou can establish a new model and link the client to that.
- BYou can make sure the client is invested in a range of managed funds in a preferred portfolio with a similar investment strategy to BHP.
- CYou can specify conditions for minimum transaction and holding values. The rebalance process will only recommend rebalance transactions when these conditions are met.
- DYou can lock BHP to the current holding amount so no further units will be purchased, you can simply turn this off in the future when the client is able to purchase the asset again.
13Andrew Grinsell calls and says that his client wants to add capital protection to a fund he holds LAZ0014AU, clients name is M03406567 - Paul Brennan will the adviser be able to do this?
- AIn this situation If the adviser wishes to apply protection to this fund, the model will need to be amended or unlinked from the client.
- BCapital protection can be linked to this clients holding.
- CWrap does not require a particular compliance structure and will support both discretionary and non-discretionary arrangements.
- DIt is important for you to manually monitor the status of your order on the Order Status page and re-submit the order when cash becomes available to allow the capital protection to function.
14What day of the month does BT organise the automatic rebalance of a model portfolios?
- A8th
- B16th
- C21st
- DThere is no rebalance that BT organises.
15 I have two models linked to my account what is the model facility fee I will pay?
- A0.1% of managed fund trades and $39 for equities
- B$19.95 per Equity and zero for managed funds
- C$242.50
- D$485
16Are approved product lists legislated?
- ANo
- BYes
17An adviser that has limited access to models can Link clients to models and set client minimums for holdings. True or False?
- ATrue
- BFalse
18A saved rebalance for a preferred portfolio may need to be deleted prior to rebalancing a clients preferred portfolio. True or False?
- ATrue
- BFalse
19For BT Portfolio Wrap+ an adviser calls wanting to set client preferences (including stock substitution) can any advisers from this badge do this? What form needs to be sent in if any to get this done?
- ANo advisers on this badge can do this, any change to their access needs to be discussed with the dealer group.
- BWrap dealer group access form, available from the dealer group website, and no advisers can do this on this badge
- CAdvisers can do this through the set preferences page, all advisers should already have access nothing needs to be sent in.
- DModels always allow this, an adviser registration form so that you are registered for BT Portfolio Wrap + is all that would be required for access to this.
20All orders that contain order errors or rebalance errors can be submitted. True or False?
- ATrue
- BFalse
Information
- Description
- How preferred portfolios and Models work
- Author
- Ben Smith
- Language
- English
- Views
- 41
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