Careers in Finance

What is the primary goal of a financial adviser?

• To increase their own wealth
• To help clients achieve their financial goals
• To sell as many financial products as possible
• To minimise clients' tax liabilities

Which of the following is a key responsibility of a financial adviser during client consultations?

• Selling life insurance
• Developing investment software
• Understanding clients' financial situation
• Offering legal advice

What is the difference between independent and tied financial advisers?

• Independent advisers are tied to one company
• Tied advisers can offer products from multiple providers
• Independent advisers can offer advice on a wide range of products
• Tied advisers provide unbiased advice

A financial adviser monitors and manages clients' investments to:

• Decrease clients' wealth
• Optimise returns
• Avoid investing in stocks
• Increase their commission

What must financial advisers adhere to according to the Financial Conduct Authority (FCA)?

• Strict regulatory standards
• Clients' personal wishes
• International trade laws
• Company policies only

What is a primary role of an insurer?

• Selling financial products
• Conducting stock market analysis
• Providing insurance coverage
• Auditing clients' accounts

What does underwriting involve in the context of insurance?

• Selling policies
• Evaluating potential risks
• Marketing insurance products
• Investing in stocks

Which of the following is part of an insurer's claims handling process?

• Issuing new policies
• Conducting an investigation
• Developing new insurance products
• Marketing insurance plans

What does an insurance broker do?

• Acts on behalf of insurers
• Arranges insurance policies for clients
• Underwrites insurance policies
• Handles claims payments

How do insurance brokers assist clients in the claims process?

• By offering financial advice
• By providing guidance and support
• By recommending new policies
• By charging additional fees