Are fringe benefits direct or indirect costs?

July 8, 2024 No Comments

A: Almost any non-salary benefit provided by an employer to an employee is considered a “fringe” benefit. These benefits can include insurance, a company car, or employee discount, etc. While there are some exceptions, fringe benefits are usually a direct cost to the business in

Are there any continuing education requirements after I pass the Series 7 examination?

July 8, 2024 No Comments

A: Yes, there are continuing education requirements after you pass the Series 7 exam. According to the Securities Industry/Regulatory Council on Continuing Education (CEC), there are two parts to the CE requirement: the regulatory element and the firm element. The Firm Element of Continuing Education

Bob is a registered representative who recently left ABC Securities and has now registered with PDG …

July 8, 2024 No Comments

Q: Bob is a registered representative who recently left ABC Securities and has now registered with PDG Securities. At the time he resigned from ABC, he had unpaid commissions totaling $5,000. After repeated inquiries and several months, Bob still has not been paid, nor has

Can I still pass the CFA Level I if I do poorly in the ethics section?

July 8, 2024 No Comments

A: You may still pass the Chartered Financial Analysis (CFA) Level I even if you fare poorly in the ethics section, but don’t count on it. The CFA Institute has long emphasized that ethics is a particular area of focus for it. The seriousness with

Consumer Confidence Vs. Consumer Sentiment

July 8, 2024 No Comments

A: Consumer confidence and consumer sentiment are very similar in that they both refer to the degree of confidence consumers feel about the overall economy and their personal financial state. Consumer confidence or sentiment helps predict the level of spending that consumers will engage in.

Do financial advisors get drug tested?

July 8, 2024 No Comments

A: Financial advisors are not drug tested by any federal or state regulatory body. This means you may receive your Series 6, Series 7, Series 63 and Series 65 licenses without undergoing drug screening. That said, many employers who hire financial advisors require them to

Do financial advisors have to be licensed?

July 8, 2024 No Comments

A: Financial advisors must possess various securities licenses in order to sell investment products. The specific products an advisor sells, as well as the method by which he receives compensation, determine which licenses he is required to obtain. Common licenses held by financial advisors include

Do I have to complete all exams within a certain period of time to receive the CFA charter?

July 8, 2024 No Comments

A: According to the CFA Institute, a candidate can take as much time as necessary to complete all three levels of the chartered financial analyst (CFA) program. For example, if you passed the June 2017 CFA Level I examination, you could take the CFA Level II examination in

Do minimum wage laws make labor a fixed or variable cost?

July 8, 2024 No Comments

A: Labor is a semi-variable cost. Semi-variable costs have elements of variable costs and fixed costs. Variable costs vary with increases or decreases in production. Fixed costs remain the same whether production increases or decreases. Wages paid to workers for their regular hours are a

Do real estate agents need a degree?

July 8, 2024 No Comments

A: Required education or training for real estate agents career Most often, an academic degree is not required to become a real estate agent but completing college does help potential career seekers in the field stay competitive and relevant. Instead of a degree, a license

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