FeeX Week 1 knowledge check
FeeX Week 1 Knowledge Check
Test your knowledge on the FeeX platform with this comprehensive quiz. Whether you're a financial advisor or simply interested in learning more about investment management, this quiz covers essential topics that will enhance your understanding.
- 21 thoughtful questions
- Multiple choice format
- Engaging for professionals and learners alike
How many basis points does FeeX charge the standard advisor for assets on the platform?
25
30
35
20
For billing, the best practice for advisors would be to bill their clients directly from their 401k or other qualified account
True
False
The observed adoption rate of the FeeX platform by advisor's clients is
25%
72%
95%
88%
The following held away account is similar to a 401K, but only available to federal employees:
TSP
401a
529
RSU
Which of the following is a differentiating factor for the FeeX platform versus an aggregator?
Data accuracy
Reliable account connectivity
Trading and execution capabilities
All the above
What is the name of the proprietary system that FeeX has built to solve for connectivity issues pertaining to multi-factor authentication?
Double Verification
Password Reset
Smart Message Routing
Auto Rebalance
Which of the following is NOT a current integration partner of FeeX?
Orion
Morningstar Office
Panoramix
Tamarac
What year was FeeX founded?
2008
2012
2015
2018
A private fund vehicle exclusive to qualified retirement plans is called a(n):
Mutual Fund
ETF
IRA
Collective Investment Trust (CIT)
What is the main difference between an RIA and a Broker Dealer?
RIAs invest only in funds, while BDs can invest in any asset type
RIAs have required fiduciary responsibility, while BDs do not
RIAs are smaller than BDs
RIAs have more AUM than BDs
FeeX charges in-advance, and based off end of quarter balances
True
False
How often does FeeX bill its customers?
Annually
Semi-Annually
Monthly
Quarterly
Which of the following would trigger custody of a client's held-away account?
Trading the assets
Storing the client's credentials
Charging a management fee
Billing from a non-qualified account
Which of the following best describes a brokerage window?
A transparency tool for a clients brokerage account
A tax-advantaged account to help people save for medical expenses
An extended option in a 401k plan that offers a broader menu of investments
An account sponsored by hospitals, medical institutions, and universities that includes annuity options
The FeeX platform currently has the capability to bulk trade and auto-rebalance client accounts
True
False
According to an Aon Hewitt study, advisor managed 401k accounts perform _% better than self directed ones annually
3.3
3.5
5.0
1.5
Trades executed on the FeeX platform will be communicated within
2 hrs
3 days
24 hrs
6 hrs
The typical advisor has a potential AUM increase of _% when actively managing held-away accounts
33
28
30
35
Our ICP (Ideal Consumer Profile) is
Financial advisors who primarily deal with high net worth individuals that are retired
Financial advisors who provide ongoing advisory services for an ongoing fee for individual clients
Financial advisors who provide services for pension and profit sharing plans
Registered Investment Advisors that manage institutional accounts
If connectivity to a financial institution is not available on our platform, we can typically have one added within
72 hrs
24 hrs
6 weeks
We cannot add additional financial institutions to the platform
The FeeX platform was built to serve
The advisor
The end client of the advisor
The plan provider
VC investors
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