INVESTMENT REFERRAL QUIZ

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Investment Referral Quiz

Test your knowledge on investment referrals and enhance your understanding of key financial cues! This quiz covers career changes, investment services, and essential financial conversations you should have.

12 engaging questions
Multiple choice and checkbox formats
Perfect for financial professionals and enthusiasts

12 Questions3 MinutesCreated by InvestingNinja752

WHICH OF THE FOLLOWING STATEMENTS IS NOT WHAT A MEMBER WOULD SAY THAT COULD BENEFIT FROM A REFERRAL?

INTEREST RATES ARE TOO LOW

IM LOOKING TO RETIRE SOON

I'VE BEEN LOOKING INTO IRA'S

I NEED A DEBT CONSOLIDATION LOAN

WHICH OF THE FOLLOWING SHOULD STAND OUT AS INVESTMENT SERVICES CUES? SELECT ALL THAT APPLY

CD'S

LARGE BALANCES

INHERITANCE

SELLING HOME/BUSINESS

MEMBER SOLUTIONS REPRESENTATIVES ARE RESPONSIBLE FOR UTILIZING THE T.I.M. METHOD. WHAT DOES T.I.M. STAND FOR?

TODAY.IMPORTANT. MONEY

TRUE. INTEREST.MONEY

TIME. INTEREST. MONEY

NONE OF THE ABOVE

WHEN AN MSR IS TALKING TO A CLIENT ABOUT THEIR TIME, WHAT ARE THEY LOOKING FOR? SELECT ALL THAT APPLY

THE MEMBER HAS THE APPROPRIATE TIMEFRAME BFORE THEY ARE GOING TO NEED TO USE THE MONEY.

THE TIMEFRAME SHOULD BE A MINIMUM OF 5 YEARS BEFORE THEY WILL NEED TO USE THE PRINCIPAL.

THE TIMEFRAME SHOULD BE A MINIMUM OF 3 YEARS BEFORE THEY WILL NEED TO USE THE PRINCIPAL

WHEN AN MSR IS TALKING TO A CLIENT ABOUT THEIR MONEY WHICH OF THE FOLLOWING CRITERIA SHOULD THEY BE CHECKING? SELECT ALL THAT APPLY

THAT THE MEMBER HAS A SUFFICENT EMERGENCY FUND SET ASIDE

THAT THE MEMBER IS NOT STRUGGLING WITH HIGH RATE DEBT

THAT THE MEMBER WAS NOT GIFTED THE MONEY

THAT THE MEMBER IS PAYING TAXES ON THE MONEY

WHICH OF THE FOLLOWING MEMBERS CAN BENEFIT FROM A REFERAL FOR INVESTMENT SERVICES? SELECT ALL THAT APPLY

I JUST GOT/AM GETTING AN INHERITANCE

I JUST WON THE LOTTERY

WHAT ARE YOUR CD RATES RIGHT NOW?

I JUST GOT MARRIED/DIVORCED/HAD A CHILD/GRANDCHILD

WHAT IS THE "PROPER" AMOUNT A PERSON SHOULD HAVE SAVED IN THEIR EMERGENCY FUND BEFORE REFERRING THEM TO INVESTMENTS?

1 YEARS WORTH OF INCOME

3-6 MONTH GROSS INCOME

3-6 MONTHS NET INCOME

5-10 MONTHS NET INCOME

YOU ARE TALKING WITH A MEMBER THAT HAS ALL THE CUES OF A GOOD INVESTMENT REFERRAL, AND THEY SAY TO YOU "IM JUST NOT SURE, I'VE HEARD A LOT OF THINGS ABOUT FINANCIAL ADVISORS AND I JUST WANT TO THINK ABOUT IT..." WHICH OF THE FOLLOWING ARE WAYS YOU CAN HANDLE THE OBJECTION? SELECT ALL THAT APPLY

AGREE WITH YOUR PROSPECT "MANY MEMBERS OF OUR ADVISOR INTIALLY RESPONDED THE SAME WAY..."

EMPHASIZE THE BENEFITS OF THE INITIAL MEETING/CONSULTATION WITH THE ADVISOR.

WELCOME THE OBJECTION AND EMPATHIZE! FOR EXAMPLE YOU COULD SAY "I CAN APPRECIATE THAT PERSPECTIVE..."

NONE OF THE ABOVE

AFTER EXPLAINING TO YOUR MEMBER THAT AN INITIAL APPOINTMENT WOULD ONLY TAKE A SMALL AMOUNT OF THEIR TIME, BUT WOULD GIVE THEM SOME VALUBALE INFORMATION, SELECT ALL THE WAYS POSSIBLE TO SUGGEST AN APPOINTMENT?

"WITH YOUR PERMISSION, I WILL PASS YOUR NAME ON TO OUR REPRESENTATIVE SO THAT THEY CAN ARRANGE TO GIVE YOU MORE INFORMATION."

"WITH YOUR PERMISSION I WOULD BE HAPPY TO CALL OUR ADVISOR FOR A MUTUALLY CONVENIENT APPOINTMENT."

"GIVE THE MEMBER OUR ADVISORS BUSINESS CARD SO THEY CAN CALL FOR AN APPOINTMENT"

"IF YOU VISIT OUR COMMUNITY FIRST WEBSITE YOU CAN SEE ALL THE INFORMATION ABOUT INVESTMENTS SERVICES"

" YOU CAN CALL OUR CONTACT CENTER TO GET SCHEDULED WITH THE ADVISOR"

IF A MEMBER IS CARRYING LARGE AMOUNTS OF HIGH RATE CREDIT CARD DEBT, OUR THOUGHT SHOULD BE TO MAKE SURE THAT IS PAID DOWN PRIOR TO INVESTING. WHICH OF THE FOLLOWING ARE ALTERNATIVE CONSUMER PRODCUTS TO HELP THEM:

WHICH OF THE BELOW PRODUCTS/SERVICES ARE PROVIDED THROUGH CUSO FINANCIAL SERVICES? SELECT ALL THAT APPLY

INVESTMENT REFERRAL QUIZ

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