eMoney Quizzes and Final

According to the "Safe and Secure" security slick, how long is a user locked out after entering incorrect login credentials three consecutive times?

10 minutes

How does an advisor know if a document in the Vault is shared with a client?

A green check mark appears by the file name

Choose the best response(s) to this question using the options below: which of the following are available Client Site Organizer sections?

Accounts Family and Friends Risk Tolerance

What is the best way for advisors to assign action items to clients in the Basic Facts?

Add a Next Step

Choose the best response (s) to this question using the options below: which of the following are types of available Connections in eMoney?

Advisor Client Spouse

What is the difference between an Advisor Managed Connection and a Client Connection?

Advisor and Client Connections are for connecting what the Advisor and Client each manages respectively

What is NOT an advantage for Advisors who help clients connect held away accounts on the client website?

Advisors can automatically move held away assets to under their management

Which is NOT a current third party eMoney Integration?

Albridge

Choose the best response(s) to this question using the options below: which of the following is an available Client Site Default that is found within an advisor's Settings?

Alerts

Choose the best response to complete this statement: The primary items that appear on the Financial Feed are...

Alerts and Tasks

Why would Alesandra need less life insurance if Luis passes away prematurely compared if she passes away prematurely first?

Alesandra has higher income, and therefore a higher Social Security benefits

Choose the best response to this question using the options below: integrations can be used for which of the following activities?

All of the Above

Which of these account types can you connect?

All of the Above

eMoney employs advanced security features to keep data private and secure by:

All of the Above

Choose the best response to this question using the options below: which types of resources are available in the Knowledge Base?

All of the above

Of the client profiles below, which one makes the most sense to utilize Foundational Planning?

An adult child of an existing client, who has recently gotten married and is starting a family

Choose the best response(s) about customizing the Client Site using the options below:

An advisor can customize which reports are available on a Client Site An advisor can customize the available sections of the Organizer

Choose the best response about Client Sites using the options below:

An advisor is not charged any additional fee regardless of the number of Client Sites that are active

What is Client Onboarding?

An initial questionnaire asking about a client's family, goals, retirement plans, and their property

Choose the best response(s) to this question using the options below: who can be shared a client profile in eMoney?

Any eMoney user Any Alliance Partner

Your client made a substantial donation to a public charity that exceeded AGI limits for deductibility purposes in the year the gift was made. What is the best way to capture this in eMoney so that deductions can be applied to the current or future tax years?

Enter the remaining charitable gift amount that was not taken as a deduction in the Charitable Gifts Carry Forward section under Tax Assumptions and input the year for which it is valid

Based on the "Who, What, When" Advanced Facts workflow, which of the following Facts would fall under the "When" category?

Expenses

What client information is NOT included in the Retirement Goal Lead Capture Experience?

Social Security Benefits

Which is NOT included in the financial feed?

Stock Price Updates

When looking at a market index, the Rate of Return is used for ____ projections while the Mean Rate is used for ______.

Straight-line Cash flow projections, Monte Carlo

What are two reports in the Retirement Needs Analysis where you can check if the Smiths' retirement is unfunded and by how many years?

The Big Picture and Needs vs. Resources Detail reports

Which sample client has significant stock options from their employer?

The Millers

Choose the best response(s) to this question using the options below: whose email address would be best to add to the delivery options for an advisor's alerts?

The advisor A planner in the office

Where do tasks appear on the client website?

The box with the check mark inside of it next to Reports

What does the Theme change?

The color of the website background

Choose the best response(s) to this question using the options below: what can an Advisor customize in regards to the Lead Capture tool?

The custom URL link

Choose the correct response(s) to this question using the options below: When an advisor delegates client management to another team member via their Sharing Rules --> Share All Clients, this individual have additional capabilities to do which of the following in eMoney?

Setup new client websites Add new clients Edit client facts

In the Lead Capture Experience, what happens when a prospect clicks on Next Step?

The prospect can complete a form and contact the advisor

Choose the best response(s) about Alerts using the options below:

There are alerts that are not client-specific There are alerts that are client-specific

While reviewing your Market Indices, you notice that a few indices have the word "Projected" in parenthesis at the end of their names. What does this mean?

These indices have been modified from their default values

Why would the Onboarding tool keep appearing every time a client logs into their website?

They did not finish answering all of the questions

What is the Client Site Organizer?

This page of the Client Site contains relevant Client information like accounts, property, family & friends, income, expenses, savings, and financial priorities

Why is it important to "Report a Problem" on a connection with errors?

This will open a dialog with eMoney's Data Services team who has the ability to troubleshoot behind the scenes.

How can a user sign up for Live Training webinars?

Through the Knowledge Base

What is the primary purpose of a Transfer Flow in eMoney?

To demonstrate movement of money between client and spouse owned portfolio assets in the cash flow projection

Why would an advisor utilize the Needs Analysis tool?

To run a quick analysis using limited information

What is the main purpose of the Core Cash account?

To serve as the theoretical wallet for the client for simulation purposes, where most income flows should be received and the first place the system will look to cover outflows

Choose the best response to this question using the options below: which features are displayed on the Advisor Home Page?

Top Clients by Assets Under Management Top Clients by Assets Held Away Financial Feed

What is the best way for an advisor to remove an individual page from the Needs Analysis presentation?

Uncheck the corresponding box in presentation view

Which of these items are set to Inflation by default but can be changed individually?

Unclassified Holdings Unclassified Asset Mix Income Expenses Property

What is the maximum amount of storage capacity in the vault for an individual user?

Unlimited

As the advisor, you received the insurance policy from The Millers, where can you securely store it so both can access it?

Upload to the vault where it's automatically shared to both client and advisor

How can you protect an asset from the liquidation strategy?

Use the Exclusion tab under the liquidation strategy to protect the account.

Choose the best response(s) to this question using the options below: how can a user add external documents into the Vault/Vault folders?

Users can drag and drop files from their desktop into the Vault Users can use the "Upload" button

What are the steps to share a presentation that was sent to the vault?

Vault -> Select Actions -> Share with Clients

Choose the best response about the Vault using the options below:

Vault access is not optional, advisors do not pay an additional fee to use the Vault

What two areas in the Cash Flow report can you determine when a client starts to take supplemental withdrawals from their portfolio?

Withdrawals and Detailed Withdrawals sub reports

Based on the Retirement Needs Analysis you ran for the Smiths, "The Big Picture" report shows the following:

Withdrawals from assets stopping, but guaranteed income lasting throughout end of life, leading to a deficit in retirement because the income alone is not enough

In the Recommended Plan, did the Rodriguez' Retirement Probability of Success increase? Why or why not?

Yes, because of retiring later, reducing living expenses, claiming Social Security later, and increasing contributions to each 401(k).

Choose the best response(s) to complete this statement using the options below: eMoney users can assign tasks to...

Yourself (the advisor) A planner in the office

What do you need to do to have any excess cash flow be cleared at the end of the year from the Core Cash Account?

Set Year-End Saving to spend 100%

Where would an advisor go to reset their password?

Settings

Where would you upload a company's logo in the eMoney application?

Settings --> Branding

Where can you set the global setting for Onboarding to be on by default?

Settings > Client Site Defaults > Onboarding Settings

The Smiths have employee and employer contributions set up for their qualified accounts. Which of the Cash Flow sub-reports would show the employee and employer match?

Savings Report

In the Recommended Plan, you will see that the Probability of Success for Alberto's Education goal is higher than in the Base Plan. Besides increasing savings to his 529 plan, what is another possible option to increase the probability of success for Alberto's Education funding?

Attending a more affordable college

Choose the best response(s) to this question using the options below: how can end-clients reset their Client Site password if they cannot recall their existing password?

By following the "Forgot your password?" prompt found on the Client Site login page Contacting eMoney Customer Support Contacting their advisor

Redtail is what type of integration?

CRM (Customer Relationship Management)

Which of the Smiths' accounts would be liquidated first if using the default liquidation order?

Cash or non qualified money first

Which is NOT a savings goal a prospect can choose in the Lead Capture Experience?

Charity

Marc and Sarah Jennings need to add another account, how would you connect this new account in the eMoney Advisors Source Connections?

Connections Dashboard -> Add Connection -> Client Connection -> Search for Bank of America Connection

What should be the destination account for income flows such as salary and earnings?

Core Cash account

A client wants their plan to factor in an expected increase in yearly expenses after age 80, what's the best way to show this in the Living Expenses area?

Create an Advanced Age and modify their Living Expenses

What are some factors that go into calculating life insurance for a client?

Current life insurance death benefit amount (s) if any survivor income and resources

If you view the Rodriguez's Cash Flow Report, when does the simulation begin?

Current year

Choose the best response to this question using the options below: what eMoney team(s) is/are responsible for maintaining and troubleshooting Connections?

Data Services

Where does the client data within the Foundational Planning tool come from?

Data previously entered into Facts, through the Profile section under Current Situation, or through the client website will automatically transfer into the tool

A current client is overwhelmed by all of the data that they need to enter into the Client Site. Which eMoney feature should the advisor utilize in this situation?

Easy Onboarding

Which Client Website Management option will allow a client to add or remove data on their Client Website?

Editing Options

Choose the best response to this question using the options below: how can the Lead Capture link be shared to clients?

Email and Social Media

Choose the best response about the Financial Priorities (available in Basic facts) using the options below:

Financial Priorities are customizable

Choose the best response(s) to this question using the options below: which of the following is NOT an available Fact Default that is found within an advisor's Settings?

Financial priorities

Choose the best response(s) to this question using the options below: how can an advisor view a client's website?

From Client Overview, select the globe icon and then select "View Client Website" From Client List, select the drop-down menu for the desired client and select "View Website"

If the Millers had an overdue task, where would you find it?

From the Client Overview page click on the Person Icon

Which is NOT an existing Needs Analysis module in eMoney?

Income Tax

In the Recommended Plan, you will see that the Probability of Success for Ariana's Education goal is higher than in the Base Plan. What is the plan change that has positively impacted her education funding?

Increase annual contributions to Ariana's 529 Plan

Which is NOT a calculated option for the Smiths on the Retirement Options Page?

Increase growth rates

Where would an advisor go to classify unclassified holdings?

Investment Assumptions

The Goal Metric view is best used for...

Isolating the metrics around a singular goal while setting aside other variables in the plan

Choose the best response(s) about Integrations using the options below:

Many feature SSO (single-sign-on) to an integration partner's platform Integrations help advisors increase efficiency, reduce redundant work, and promote consistency across many financial technology platforms

What types of features can you customize in Market Index data?

Mean Rate Rate of Return Standard deviation Growth Character

Choose the best response about the Rate of Return and Mean Rate of a Market Index:

Mean rate will always equal, or be greater than, the Rate of Return of a given Market Index

Where can you find the current growth rate of the "New Growth Portfolio"?

More --> Investment Assumptions --> Model Portfolios

Choose the best response(s) to this question using the options below: which of the following can an Advisor customize in regards to the Client Website Invitation Email?

None of the listed options

Once connected to eMoney, you can place trades and move money between accounts by...

None of these options. eMoney is non-transactional and therefore real trades are not possible to perform

Why do the Smith's have a negative net cash flow in certain years?

Outflows are more than Inflows

What are the steps to view the lifetime portfolio value report in the Decision Center?

Plans --> Decision Center

Which of the fields below has no bearing on Monte Carlo results?

Rate of Return

Choose the best response to this question using the options below: which is NOT a current How-To in the Knowledge Base?

Refinance a mortgage

What does an advisor need to click on to send the Needs Analysis presentation to the client Vault?

Request Printable Presentation

What two goals are presented to a client at the beginning of Lead Capture?

Retirement & Savings

What are the two default goals in the Basic Facts for all clients?

Retirement and Leave to Heirs

Choose the best response(s) to this question using the options below: which of the following income streams are required to go into the Core Cash account?

Salary/Bonus

What saving option do you choose if you only want new Clients to have these options and not the Clients already added?

Save As Default

Fill in the blanks: An education expense/goal that is created in base facts ______ automatically flow into the Foundational Planning Tool; an education expense/goal that is created in the Foundational Planning Tool ______ automatically flow into base facts.

will; will