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Question 1
A 35-year-old surgeon has a high income, significant savings, and a multi-decade time horizon until retirement. However, during an initial consultation, she expresses extreme anxiety about stock market volatility and states she 'couldn't sleep at night' if her portfolio value dropped by more than 5%. How should a Certified Investment Counselor (CIC) BEST characterize this client's risk tolerance?
Correct Answer:
High ability but low willingness to take risk.
Question 2
When constructing a client's Investment Policy Statement (IPS), which of the following constraints would specifically address a client's desire to exclude companies involved in the production of tobacco and fossil fuels?
Correct Answer:
Unique Circumstances
Question 3
A retired couple, both age 72, state that their primary investment objective is to ensure their portfolio can fund their living expenses indefinitely while leaving the initial principal intact for their heirs. Which investment objective does this statement MOST accurately represent?
Correct Answer:
Capital Preservation
Question 4
A new client couple, both in their early 50s, have two primary investment goals: 1) Aggressively grow a portfolio to fund a comfortable retirement in 15-20 years. 2) Set aside funds for a down payment on a vacation home they wish to purchase in 2 years. What is the MOST significant challenge a CIC faces in reconciling these goals?
Correct Answer:
The goals require conflicting time horizons and necessitate different levels of risk.
Question 5
Which type of investment goal is MOST appropriately defined in real, inflation-adjusted terms?
Correct Answer:
A long-term retirement funding goal.
Question 1
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About this Exam

Prepare with the Chartered Investment Counselor (CIC) practice quiz. This question bank includes 30 questions covering investment, client, counselor, portfolio, and firm. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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Chartered Investment Counselor (CIC)

This practice set contains 30 questions from the matching question bank and focuses on investment, client, counselor, portfolio, and firm. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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