CPWA study plan

Map the portfolio construction workflow (capital market assumptions → strategic allocation → tactical tilts → rebalancing → monitoring) into a single one-page diagram with the decision owner at each step.

Compute Sharpe, Treynor, information ratio, and alpha for two hypothetical multi-asset portfolios and write a three-sentence verdict on which is superior and under what assumption.

Solve 30 practice items spanning asset allocation, diversification, correlation, and alternative investments, then log every miss with the specific concept and the correct rule in one line.

Draft the investment section of a sample client plan, including an investment policy statement with target weights, rebalancing bands, and a tax-aware asset location note.

Build a decision matrix that selects among wills, revocable living trusts, irrevocable life insurance trusts, GRATs, and charitable trusts across six client fact patterns.

Calculate federal estate tax for a $15M married couple with and without portability, and state the marginal tax saved by electing portability.

Solve 25 items on gift and estate tax, generation-skipping transfer tax, valuation discounts, and basis step-up, writing a two-sentence rule statement for each miss.

Draft a one-page client-facing memo explaining why account titling and beneficiary designations override the will, using two concrete failure examples.

Compute marginal versus effective tax rate, net investment income tax exposure, and alternative minimum tax exposure for a sample high-income return.

Build a spreadsheet that compares Roth conversion outcomes across three bracket scenarios and identifies the breakeven year for each.

Solve 30 items on basis, capital gains, depreciation recapture, and pass-through entity taxation, and log the rule behind each miss.

Write a one-page sequencing checklist that orders planning moves by deadline (before year-end, before a sale, before death, before a gift).

Sequence the wealth management process end to end and assign at least two concrete deliverables to each stage.

Write 10 discovery questions that surface goals, constraints, and behavioral biases, then tag each question with the bias or constraint it is designed to reveal.

Classify loss aversion, anchoring, recency bias, overconfidence, and mental accounting in 10 short client vignettes and prescribe a corrective planning response for each.

Assemble a model engagement covering scope, fee structure, deliverables, and review cadence, and stress-test it against two scope-creep scenarios.

Compare cross-purchase, entity redemption, and wait-and-see buy-sell structures across three ownership fact patterns, stating the tax consequence of each choice.

Value a small business using capitalization of earnings and a market approach, then justify a discount for lack of marketability with a written rationale.

Build a risk register for one client that maps each exposure to a retention limit or an insurance product and flags the gaps.

Solve 30 items on life, disability, long-term care, and personal liability coverage, logging each miss with the coverage feature it tested.

Model retirement income needs using both the replacement-ratio and capital-needs approaches for one household and reconcile any difference between the two answers.

Compare Social Security claiming strategies for a married couple and quantify the breakeven age for the recommended strategy.

Evaluate donor-advised funds, charitable remainder trusts, charitable lead trusts, and private foundations against four donor profiles on deduction size, income stream, and control.

Solve 30 items on required minimum distributions, plan distributions, and charitable deduction limits, then log the rule behind each miss.

Solve 15 integrated cases that sit at the intersection of tax and retirement, such as Roth conversions near estate inclusion, RMD planning with beneficiary trusts, and qualified plan asset location.

Re-drill the two lowest-scoring domains recorded in the week-4 and week-6 quizzes, completing 40 targeted items and rewriting the missed rules in your own words.

Condense each of the nine domains into a single page of decision rules, formulas, and thresholds written from memory before checking the source notes.

Run a 60-item cumulative quiz and reconcile every remaining error to a specific page or rule before moving on.

Complete two full-length timed mock exams under exam conditions and record every miss in a single error log with the domain and failure type.

Re-drill the transfer-of-wealth cluster - estate inclusion of business interests, valuation discounts, and buy-sell funding - across 30 items until accuracy clears 85%.

Rewrite the recall deck down to a one-page formula and threshold sheet and rehearse it aloud twice without notes.

Convert each unresolved error-log item into a flashcard and clear the log down to five or fewer open items.