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

What is an IPO lock-up period and how long is it?

July 7, 2024 No Comments

A: An initial public offering (IPO) lock-up period is a contractual restriction that prevents insiders who are holding a company’s stock, before it goes public, from selling the stock for a period usually lasting 90 to 180 days after the company goes public. Insiders include

Which Schools Did Warren Buffett Attend?

July 7, 2024 No Comments

A: Warren Buffett never had the intention of going to college. By 13, he was managing his own business as a paperboy. He ended up making more than $5,000 (equivalent to more than $71,000 in 2017) delivering newspapers. However, his father urged him to attend

Who benefits the most from prepaid expenses?

July 7, 2024 No Comments

A: Prepaid expenses benefit both businesses and individuals. Prepaid expenses are the types of expenses that are bought or paid for in advance. Examples of these are insurance, rent and subscriptions. In general accounting, these are the supplies or services that the company has acquired

Who Is Dr. Atul Gawande, CEO of New Healthcare Initiative By Bezos, Buffett, And Dimon?

July 7, 2024 No Comments

In 2007, after he’d authored an article on expensive healthcare costs in the United States and a book on bettering performance in surgery theaters, surgeon and author Dr. Atul Gawande was asked by the World Health Organization (WHO) to come up with ways to reduce the

Why did Howard Schultz decide to keep Starbucks a chain rather than allow franchising?

July 7, 2024 No Comments

A: Starbucks does, in fact, franchise on a limited basis. Starbucks CEO Howard Schultz long resisted franchising in the United States to maintain control over the Starbucks brand and culture, but he has opened a small number of franchise-owned stores in Europe. Keeping Starbucks a

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