Sophisticated Settings
Setting FA level cash reserves, exclusions, or restrictions does NOT include what?
Non-discretionary accounts
When an employee account receives a better pricing than a client account it is considered ________.
Front running
This objective and approach allows you to take the proceeds of the sale of a securities tax lots with a gain or loss and reinvest it into cash.
Tax harvesting - tax swap
Standing instruction for an account which is used to determine lot relief priority when processing sale transactions.
CBAM (Cost Basis Accounting Method)
If this person woke up as the last person on Earth, the first mildly illegal thing they'd do would be break into a Memphis Bass Pro shop so they could steal anything they want including boats, fishing stuff, etc.
Jackson
In this location, you can set to always display the advisors custom product models on their allocations page.
Portfolio management preferences (good enough) - Allocations settings (even better)
Certain error scenarios prevent trade corrections from being processed, such as trades that occurred in a taxable account during a prior year, or those that involve fixed income securities where the bonds traded may not be known. In these cases it is permissible to grant a ______________ to the client account.
Performance credit
If a tax optimizer rebalance scenario fails because the assigned model contains ________ you would need to restrict or exclude it to resolve this.
Fixed income placeholders
An investments excess return compared to a market benchmark after adjusting for risk.
Alpha
If this person had to rename themselves as a ridiculous object, they'd choose to be named "Extension Cord".
David
When this setting is selected, it will allow cash alternates set on an allocation to be included in the cash reserve.
Include Cash Alternatives for Cash Reserve
This field is not required when inputting a TCP case.
Trade number
When ______________ is selected, the tax bill is prioritized over the rebalance, meaning that the account may fall outside of the 75% lower and upper tolerances to meet the tax budget entered by the user.
Transition within tax budget
Mutual funds investors pay this when selling class-B fund shares within a specified number of years from the original purchase date.
CDSC (Contingent Deferred Sales Charge)
The worst tagline this person could think of for a wart removal cream company was "You apply, warts die!" -Boltix Wart Cream
Ryan L
When this setting is selected, the Rebalance application treats all available cash in the account as eligible for purchases, bypassing any excess proration calculations.
Make all cash available to sleeve
The "2" in the coding SO92 is...
The market maker indicator
This reinvestment method enables proceeds to be allotted to unsold model securities up to their respective target amounts. Distribution starts with the most underweight and moves to the least underweight security. Unused proceeds remain as cash.
Distribute to target underweight (model defined)
_______ represents its per-share price, calculated by dividing the total value of all securities in the portfolio, less any liabilities, by the number of shares outstanding.
NAV (Net Asset Value)
This person used to fear being stomped on by a statue because they were told that statues come to life at night and they stomp on anyone who stays in the park after dark.
When this setting is turned on, minimums, rounding, and lot intervals for mutual funds (in advanced settings) will not be applicable to the money market funds.
Use money market funds as cash
The correct input for the additional instructions field when booking the correcting trade while processing an aged cancellation.
RSO
Tax harvesting will fail in scenarios where more than ____ tax lots are identified for a security to be sold.
140
A committee that assigns identification numbers and codes to be used when recording all buy and sell orders.
Committee on Uniform Securities Identification Procedures (CUSIP)
If this person had to introduce themselves only using sound effects, this is what you'd hear...
Vinny