Which type of accounts Bills a single fee annually for a group of services that might include asset allocation portfolio management and executions quizlet?

A mutual fund has breakpoints at $25,000, $50,000, $100,000, and $250,000. Which of the following transactions might be considered a breakpoint sale?
The client purchases $48,000 worth of shares
The client redeems $24,000 worth of shares
The client purchases $252,000 worth of shares
The client purchases $96,000 worth of shares

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Which type of accounts Bills a single fee annually for a group of services that might include asset allocation portfolio management and executions?
Which of the following are account types that can be opened at a broker dealer quizlet?
Which of the following transactions if any must be done in a margin account quizlet?
Which of the following must be signed by a customer wanting to open a margin account?

$7,500

Failure to meet the required minimum distribution (RMD) results in a 50% penalty tax on the shortfall. In this case, taking only $25,000 when $30,000 should have been taken leaves $5,000 exposed to the 50% penalty tax. $5,000 × 50% equals $2,500. In addition to the penalty tax, the ordinary income tax on the amount withdrawn must also be paid (20% × $25,000 = $5,000). Total tax liability on this withdrawal equals $7,500 ($2,500 penalty tax plus $5,000 ordinary income tax).

$2,000

For the first trade in a newly opened margin account, there must be at least $2,000 in equity. The rule is as follows: transaction greater than $4,000, deposit 50%; between $2,000 and $4,000, deposit $2,000; and if the transaction is less than $2,000, deposit 100% of the purchase price. In this case, the transaction was between $2,000 and $4,000, and so a deposit of $2,000 is required.

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Which type of accounts Bills a single fee annually for a group of services that might include asset allocation portfolio management and executions?

A) Wrap account. Wrap accounts are accounts for which firms provide a group of services, such as asset allocation, portfolio management, executions, and administration, for a single fee.

Which of the following are account types that can be opened at a broker dealer quizlet?

The two basic account types that may be opened at a broker-dealer are cash accounts, where the customer pays in full for securities purchases, and margin accounts, where the customer borrows securities for short sales (short margin account), or funds his purchases in part with money borrowed through his broker-dealer ( ...

Which of the following transactions if any must be done in a margin account quizlet?

Which of the following transactions, if any, must be done in a margin account? -Selling to open (a short sell) can only be done in a margin account. The others can be done in a cash account or margin account. -The requirement is normally 50% but not less than $2,000 unless the purchase price is less than $2,000.

Which of the following must be signed by a customer wanting to open a margin account?

Customers opening margin accounts must fill out and sign the margin agreement, which contains three subsections: the hypothecation agreement, credit agreement, and loan consent form. The hypothecation agreement involves the customer pledging securities as collateral for their margin loans.