Investment Advisor case studies
Investment Advisor · Put your knowledge to work in context.
NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination is one of the certification examinations offered by the National Institute of Securities Markets (NISM), which the source describes as "a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India." NISM lists Series X-A under its Investment Adviser certification group, alongside the Level 2 examination (Series X-B) and the Investment Adviser Certification (Renewal) Examination (Series X-C), and points candidates to NISM study material through its Study Material link. The credential is aimed at individuals who need to demonstrate baseline competence in advising clients on securities and who work, or intend to work, in an investment advisory role; it is commonly taken by candidates preparing for registration or employment linked to investment advice. The Investment Advisor case studies are 5 cases and about 4,416 words.
1The Section 16 Insider Who Wants to Sell $1.5 Million in Eight Months
Marcus, 58, is chief technology officer of a NASDAQ-listed software company and a Section 16 insider. His net worth is 5.6 million: 3.1 million in employer stock (cost basis 240,000, acquired through ISOs and RSUs), 1.4 million in a 401(k) invested in a 2030 target-date fund, 600,000 in a taxable diversified account you manage, and 500,000 of equity in his home.
829 words, about 4 min2Choosing Between an In-State Premium Muni, an AMT Bond, and a Corporate
Elena, 66, has $900,000 to invest for income and capital preservation. She is in the 32% federal bracket, owes the 3.8% net investment income tax on taxable interest, and pays 5.5% state income tax in the state that issues the bond you are considering; she is a resident of that state.
864 words, about 4 min3A Client Whose Risk Tolerance and Risk Capacity Point in Opposite Directions
Daniel, 62, retired last month from a utility. He receives a 64,000-a-year pension with a 2% COLA and no survivor benefit, and will claim Social Security at 70, currently projected at 46,000 a year.
879 words, about 4 min4Diminished Capacity, an Adult Daughter, and $150,000 of Gifts
Ruth, 71, and Harold, 74, have been clients for 11 years. Their 2.4 million portfolio supports 86,000 of withdrawals plus 52,000 of Social Security.
914 words, about 5 min5A Custodial Referral Fee, a Podcast Testimonial, and a Check Made Out to the Adviser
Ben is a partner at Ridgeline Advisors, an SEC-registered investment adviser with 112 million in regulatory assets under management. Three items land on your desk in one week.
930 words, about 5 min