Wealth Manager Test Assessment

About Wealth Manager Test Assessment

Most often employed by banks and various types of investment firms, wealth managers provide financial planning services and investment advice to high-net-worth individuals. Since the essential goal of any wealth manager is to sustain and increase the long-term wealth of their clients, the profession involves a number of quite diverse disciplines.

Indeed, wealth managers routinely provide their clients with the following types of services, customized banking solutions, estate and probate planning, general legal counsel, tax advice and investment management. Wealth managers must have at least a rudimentary understanding of capital economics, major investment theories and the networked web of modern global markets. Since they manage vast sums of money for other people, it goes without saying that they must also be ethical, trustworthy and free of any felonious record involving larceny, fraud or intentional mismanagement.

Responsibilities include:

• Consulting the team to develop and recommend a client-centric investment portfolio.  
• Recognizes financial/ non-financial asset opportunities to integrate into the overall investment plan for clients.  
• Advises and manages globally diverse investment and asset portfolios. 
• Utilizes the investment plan as a guide to a broader holistic investment methodology. 
• Develops and executes client investment strategy. 
• Provides advice to generate returns commensurate with an acceptable level of risk for the client.  
• Assists financial advisors in client conversations, providing analytic information and aiming to understand the client's goals.  
• Develops customized asset allocation strategies and investment solutions for clients.  
• Analyzes and interprets portfolio performance reviews and makes recommendations to financial advisors for potential change.

KEY SKILLS REQUIRED:

• EXCELLENT VERBAL, WRITTEN, AND INTERPERSONAL COMMUNICATION SKILLS - Verbal Ability, Verbal Reasoning
• WORKING KNOWLEDGE OF MATTERS RELATING TO INVESTMENT MANAGEMENT / ADVISORY - Financial Analysis
• EXPERIENCE COMMUNICATING COMPLEX INVESTMENT CONSULTING STRATEGIES WITH INDIVIDUAL AND INSTITUTIONAL CLIENTS, PROSPECTS, CENTERS OF INFLUENCE, AND TEAM MEMBERS - Logical Reasoning
• PROVEN ABILITY TO RESOLVE COMPLEX CLIENT AND ACCOUNT PROBLEMS - Quantitative Aptitude, Spatial Intelligence

VERBAL ABILITY

Verbal ability is essential because grammar and vocabulary is a prerequisite for good spoken and written English. 

VERBAL REASONING

Reading comprehension indicates an ability to comprehend and reason with the concepts on a written page. 

QUANTITATIVE APTITUDE

Quantitative ability will indicate analytical thinking and problem-solving ability. 

LOGICAL REASONING

Logical Reasoning is assessed through   

• Statement/Conclusion 
• Cause /Effect and  
• Statement/Fact questions 

These questions will indicate the quality of deductive reasoning and inductive reasoning which contribute to Critical thinking ability. 

ABSTRACT REASONING

Abstract reasoning will indicate the ability to think clearly, identify logical patterns, learn new skills and solve complex problems. It is an indicator of fluid intelligence and shows an ability to strategize. 

FINANCIAL ANALYSIS

Financial Analysis covers topics on ratios, leverage, working capital etc.
 
This test may contain MCQs (Multiple Choice Questions), MAQs (Multiple Answer Questions), Fill in the Blanks, Whiteboard Questions, Audio/Video Questions, Job-based Simulations, True or False Questions, etc.