Investment
This type of investment represents ownership in a company.
What are equities (or stocks)?
These are known as the three destructors of wealth.
What are taxes, inflation, and behavior?
ARDI stands for this type of disability income policy.
What is Annually Renewable Disability Income?
These are the numbers Cortney and Jimbo wore in college.
What is 15 and 40?
This is the Point Wealth Management slogan.
What is Service. Integrity. Discipline.?
This refers to risk that cannot be reduced through diversification.
What is systemic risk?
This legal document allows you to make decisions on another person’s behalf.
What is a Power of Attorney?
This type of tax-free transfer allows movement from one insurance or annuity contract to another.
What is a 1035 Exchange?
The cookies Joe is known for baking.
What is Pinoli?
B-segmented clients should be touched this often per the touch list.
What is semi-annually?
This bank failure led to the beginning of the financial crisis.
What is Lehman Brothers?
The two main types of trusts commonly used with PWM clients.
What are revocable and irrevocable trusts?
This is the name of the provided that we primarily use for paramedical services.
What is APPS?
The college Britney attended.
What is Binghamton University?
This is the quote Rob likes to use when sharing our team’s philosophy.
What is "simplicity is the greatest form of sophistication?"
Warren Buffett is the CEO of this investment company.
What is Berkshire Hathaway?
These are the three “buckets” we use to demonstrate different investment strategies.
What are pre-tax, post-tax, and taxable?
This insurance regulation requires recommendations to be in the consumer’s “best interest.”
What is Regulation 187?
This team member keeps an electric mixer on their desk.
Who is Tara?
The Christmas tree is stored here when not in use.
What is the closet to the left when you enter the suite?
This investment strategy involves buying at regular intervals regardless of market price.
What is dollar-cost averaging?
This page in the PX is great for educating clients.
What is the balance sheet?
This type of trust is often used to keep life insurance proceeds out of the insureds estate for tax purposes.
What is an Irrevocable Life Insurance Trust (ILIT)?
This is Heide’s daughter's name.
Who is Adele?
The first employee hired at PWM.
Who is Janet Ferguson?
This ratio compares a company’s stock price to its earnings.
What is the Price-to-Earnings (P/E) ratio?
The first two steps in the financial planning process.
What are defining scope of engagement and fact-finding?
This is the series number for the Life, Accident, and Health Insurance Exam.
What is Series 17-55?
Lauren’s middle name.
What is Catherine?
The current CEO of Northwestern Mutual.
Who is Tim Gerend?
An ETF that tracks the S&P 500 is an example of this style of investing.
What is passive investing?
This is the current highest marginal federal income tax rate.
What is 37%?
The current dividend interest rate on Northwestern Mutual Whole Life Insurance.
What is 5.5%?
Montauk Canyon Challenge
What is the name of the fishing tournament that both Robs recently competed in?
These were the last three marketing events hosted by PWM.
What was the Met's game, the Islander's game, and the Aldo Sohm wine event?
This refers to an option that when written all capital could be lost
What is a naked call?
Giving more than this amount in a single year may trigger a gift tax filing.
What is $18,000?
Failing the 7-pay test will make a policy this, and changes how withdrawals and loans are taxed.
What is a Modified Endowment Contract (MEC)?
This is the year that Rob became employed with Northwestern Mutual.
What is 1999?
This is the amount of AUM PWM had in December of 2022.
What is 653 million?