American Bankers Association CTFA Exam Questions

American Bankers Association CTFA Exam Topics - You’ll Be Tested On

The Certified Trust and Financial Advisor (CTFA) exam, administered by the American Bankers Association, is a comprehensive assessment designed to evaluate professionals' knowledge and skills in trust and financial management. This exam covers a wide range of topics, including financial crimes and compliance, where you'll delve into anti-money laundering measures and regulatory frameworks to protect financial institutions. Understanding the legal and ethical aspects of trust administration is crucial, encompassing topics like fiduciary duties, trust formation, and the various types of trusts. Investment strategies form a significant part of the exam, covering asset allocation, portfolio management, and investment products suitable for trust accounts. Risk management strategies are also examined, focusing on identifying and mitigating risks associated with trust administration. The CTFA exam assesses your grasp of retirement plans, including different plan types, eligibility requirements, and distribution options. Additionally, it tests your knowledge of insurance products commonly used in trust and estate planning. Tax considerations are another key area, requiring an understanding of tax laws and their impact on trust administration. Finally, the exam evaluates your proficiency in trust administration, covering topics like trust accounting, record-keeping, and the administration process.