Ben Smith
Quiz by , created more than 1 year ago

How preferred portfolios and Models work

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Ben Smith
Created by Ben Smith over 7 years ago
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Models and preferred Portfolios

Question 1 of 20

1

On the Citichoice Badge what is the percentage allocation for the Platinum Asia fund in the “Absolute Return Growth Model 27 Sep 16” which is a dealer group Model?

Select one of the following:

  • 5%

  • 10%

  • 15%

  • 20%

Explanation

Question 2 of 20

1

Adviser F0437229 wants to set a substation for a dealer group model for his client M03406567 who has told him he wants to replace the Platinum asia share fund with the BT International fund, can Andrew do this at no additional cost to the client?

Select one of the following:

  • Andrew can’t do this he does not have substitution functionality and would need to discuss his current level of access with his dealer group.

  • Yes he can substitute the asset through the client set preferences page.

  • He can order the BT international fund through investment orders and exclude the Platinum Asia fund from any rebalances through client preferences

  • He will need to request a manual order to be placed.

Explanation

Question 3 of 20

1

With preferred portfolio and Model orders, do CRC’s offer manual trades when the trades cannot be placed online?

Select one of the following:

  • We will definitely assist an adviser with a manual trade

  • We will take the order in limited circumstances as per sp doc id 155659

  • Yes, if there is no desktop functionaility we will happily take manual orders

  • This is not a service currently offered.

Explanation

Question 4 of 20

1

A preferred portfolio can have a maximum of how many managed funds?

Select one of the following:

  • 15

  • 20

  • 24

  • 25

Explanation

Question 5 of 20

1

How many Assets does BT recommend to have in a model ?

Select one of the following:

  • There is an unlimited amount of investment opportunities through models

  • 35 Investments

  • Less than 50 Investments

  • A maximum of 25 lines of investment

Explanation

Question 6 of 20

1

An adviser from BT Wrap wants access to the dealer group models page, can this be arranged?

Select one of the following:

  • No

  • Yes

Explanation

Question 7 of 20

1

If I have set up a model for Superwrap only do I have an option of linking a wrap client to the superwrap model?

Select one of the following:

  • No

  • yes

  • The client would need to invest via a preferred portfolio

  • The model will need to be amended

Explanation

Question 8 of 20

1

Can an order be submitted even when an order warning is present?

Select one of the following:

  • All order warnings must be addressed before submission

  • Yes

  • No

  • You will probably need to check with a SME

Explanation

Question 9 of 20

1

An order error specifies that your order has $500.00 too little to fund the rebalance, what needs to be done?

Select one of the following:

  • Brokerage was not taken into account on the initial rebalance which is why you have this issue.

  • Delete the line of the rebalance that has that particular error.

  • Reduce the order amounts by $500.00 to allow the order error to be rectified and then your rebalance transaction will be able to go through

  • All of the other answers could help with the solution to this problem.

Explanation

Question 10 of 20

1

What day of the month does BT target (give or take a day or two for weekends) to process automatic preferred portfolio rebalances that are scheduled for quarterly?

Select one of the following:

  • 2nd of the last month of the quarter

  • 8th of the last month of the quarter

  • 16th of the last month of the quarter

  • 21st of the last month of the quarter

Explanation

Question 11 of 20

1

What is the minimum percentage allocation for the working cash account in a preferred portfolio?

Select one of the following:

  • 1%

  • 2%

  • There is no minimum

  • $2500

Explanation

Question 12 of 20

1

I have a client in a model which has BHP as one of the Core holdings, my client is currently advising BHP in regards to its corporate strategy and is not allowed to purchase any further securities in BHP, this is only going to be for a six to eight month period, is there anything I can do in regards to not purchasing any more BHP when I am rebalancing, also ensuring that the current holdings are kept?

Select one of the following:

  • You can establish a new model and link the client to that.

  • You can make sure the client is invested in a range of managed funds in a preferred portfolio with a similar investment strategy to BHP.

  • You can specify conditions for minimum transaction and holding values. The rebalance process will only recommend rebalance transactions when these conditions are met.

  • You can lock BHP to the current holding amount so no further units will be purchased, you can simply turn this off in the future when the client is able to purchase the asset again.

Explanation

Question 13 of 20

1

Andrew Grinsell calls and says that his client wants to add capital protection to a fund he holds LAZ0014AU, clients name is M03406567 - Paul Brennan will the adviser be able to do this?

Select one of the following:

  • In this situation If the adviser wishes to apply protection to this fund, the model will need to be amended or unlinked from the client.

  • Capital protection can be linked to this clients holding.

  • Wrap does not require a particular compliance structure and will support both discretionary and non-discretionary arrangements.

  • It is important for you to manually monitor the status of your order on the Order Status page and re-submit the order when cash becomes available to allow the capital protection to function.

Explanation

Question 14 of 20

1

What day of the month does BT organise the automatic rebalance of a model portfolios?

Select one of the following:

  • 8th

  • 16th

  • 21st

  • There is no rebalance that BT organises.

Explanation

Question 15 of 20

1

I have two models linked to my account what is the model facility fee I will pay?

Select one of the following:

  • 0.1% of managed fund trades and $39 for equities

  • $19.95 per Equity and zero for managed funds

  • $242.50

  • $485

Explanation

Question 16 of 20

1

Are approved product lists legislated?

Select one of the following:

  • No

  • Yes

Explanation

Question 17 of 20

1

An adviser that has limited access to models can Link clients to models and set client minimums for holdings. True or False?

Select one of the following:

  • True
  • False

Explanation

Question 18 of 20

1

A saved rebalance for a preferred portfolio may need to be deleted prior to rebalancing a clients preferred portfolio. True or False?

Select one of the following:

  • True
  • False

Explanation

Question 19 of 20

1

For BT Portfolio Wrap+ an adviser calls wanting to set client preferences (including stock substitution) can any advisers from this badge do this? What form needs to be sent in if any to get this done?

Select one of the following:

  • No advisers on this badge can do this, any change to their access needs to be discussed with the dealer group.

  • Wrap dealer group access form, available from the dealer group website, and no advisers can do this on this badge

  • Advisers can do this through the set preferences page, all advisers should already have access nothing needs to be sent in.

  • Models always allow this, an adviser registration form so that you are registered for BT Portfolio Wrap + is all that would be required for access to this.

Explanation

Question 20 of 20

1

All orders that contain order errors or rebalance errors can be submitted. True or False?

Select one of the following:

  • True
  • False

Explanation

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