IME case studies
IME · Put your knowledge to work in context.
The Investment Management Exam (IME) is a multiple-choice assessment of the knowledge and judgment expected of professionals who build and oversee client portfolios. It suits advisors moving from product sales into portfolio construction, paraplanners supporting investment committees, analysts who need a planning-side view of their work, and candidates preparing for more advanced wealth-management credentials. The IME case studies are 5 cases and about 3,828 words.
1The Retiring Founder's Contradictory IPS
Dana, 61, is selling her logistics software firm for 14 million net after tax in 90 days. She has 2.1 million in a 401(k), a 900,000 brokerage account with a 600,000 unrealized gain concentrated in two tech stocks, and a 1.3 million mortgage at 6.1%.
819 words, about 4 min2The Concentrated Stock and the Charitable Remainder Trust
Marcus, 58, holds 62% of his 9 million net worth in a single publicly traded stock, XYZ, with a cost basis of 400,000. He is a company insider subject to Rule 144 volume limits and blackout windows.
750 words, about 4 min3The Pension's Glide Path and the Denominator Problem
A 400 million corporate defined benefit plan is 88% funded on a liability-driven basis. The plan sponsor wants to reach full funding within five years and then de-risk.
757 words, about 4 min4Performance Attribution That Doesn't Add Up
A balanced fund returned 9.4% last year versus a benchmark of 8.1%. The fund's policy benchmark is 60% global equity (returned 11.2%) and 40% core bonds (returned 3.0%).
762 words, about 4 min5The Fiduciary's Rollover Recommendation
A advisor at a registered investment adviser recommends that a client, Priya, 64, roll over her 1.4 million 401(k) into the firm's managed account. The 401(k) offers institutional share classes with an all-in cost of 0.25%, a stable value fund yielding 4.2%, and a brokerage window.
740 words, about 4 min