LWM
What year did LWM become a hybrid firm
2014
Legacy Retirement Plan Advisors
On what exchange is LPL's common stock listed, and what is the ticker?
NASDAQ: LPLA
What is scheduled to Sunset on 12/31/2025?
The current estate tax exemption amount which practically doubled in 2018 under the Tax Cuts and Jobs Act (TCJA), will end (or sunset) on 12/31/2025 and the exemption amount is set to be reduced to pre-TCJA levels, adjusted for inflation.
On the Form U4, what 4 questions are asked about an adviser’s physical body?
Eye colors
Hair color
Missing an Eye or an Ear
Weight
Number of Toes
Piercings on the face, including ear
Height
Eye colors
Hair color
Weight
Height
What is the LWM slogan?
"Managing Generations of Wealth"
Maximum 2024 Salary Deferral amount in a 401(k)
$23,000
LPL Headquarters is located where?
San Diego, California, United States
What is the maximum age an individual must begin taking his/her social security benefit?
Age 70
Name a state that requires an RIA to notice file before taking their first client from that state?
Texas, Louisiana, Nebraska and New Hampshire
List at least three charities that LWM contributes to
NSU Circle of Friends
Gilda's Club South Florida
LPL Foundation
Vital Flight
Pace Center for Girls
South Florida NFL Alumni Association
Catch up Contribution in 2024 for age 50 and Older
$7,500
Who was the founder of LPL Financial?
Todd Robinson
What is the current age requirement to begin Required Minimum Distributions if I was born in 1980.
Age 75
Who was the first Chairman of the U.S. Securities and Exchange Commission?
Joseph P. Kennedy in 1934
What the correct full name of LWM’S RIA Firm
LWM Advisory Services, LLC
LegacyRPA was founded in what year?
2022
What firm was the custodian and clearing firm prior to the year 2000?
Pershing
What’s the type of deed which allows a deceased person’s property to avoid probate in 5 states (including Florida)?
Enhanced Life Estate Deed AKA “Lady Bird Deed“
According to a well-known Cybersecurity firm, a 12-character password takes how much more time to crack than a 6-character password?
Must provide the number of digits in the correct answer.
14 digits from 62,000,000,000,000 – 62 trillion
What major east/west Blvd was LWM’s first location, and what year was LWM established?
Broward Blvd in 1997
What was Val Ortega's first job in the retirement planning business?
John Hancock Retirement Plan Services
LPL Financial Holdings Inc. was founded in what year?
1989
What is the maximum contribution amount to a 529 plan per beneficiary during a 5 year period?
$90,000 for single and $180,000 for married couples.
"Every registered investment adviser has a fiduciary duty to ensure best execution when placing transactions for clients."
What is the mistake in this statement about best execution?
RIAs have a fiduciary duty to seek best execution(not to ensure).