Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - The specific documentation required to open corporate, partnership, and trust accounts. - The fundamental responsibilities of a fiduciary under the Prudent Investor Rule. - Key features of custodial accounts (UGMA/UTMA), including ownership, control, and tax implications. - Prohibited activities in fiduciary accounts, such as a custodian using account funds for parental obligations. - Common exam traps, like an unauthorized corporate officer attempting to place a trade or a trustee ignoring the trust's specific limitations. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818