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FP 511 ACTUAL EXAM OR CERTIFIED FINANCIAL PROFESSIONAL CFP EXAM NEWEST WITH 300 UPDATED QUESTIONS AND CORRECT ANSWERS WITH DETAILED RATIONALES (VERIFIED ANSWERS) [ALREADY GRADED A+] $19.99
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FP 511 ACTUAL EXAM OR CERTIFIED FINANCIAL PROFESSIONAL CFP EXAM NEWEST WITH 300 UPDATED QUESTIONS AND CORRECT ANSWERS WITH DETAILED RATIONALES (VERIFIED ANSWERS) [ALREADY GRADED A+]
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Course
FP 511
Institution
FP 511
FP 511 ACTUAL EXAM OR CERTIFIED FINANCIAL
PROFESSIONAL CFP EXAM NEWEST WITH
300 UPDATED QUESTIONS AND CORRECT ANSWERS
WITH DETAILED RATIONALES (VERIFIED ANSWERS)
[ALREADY GRADED A+]
Mandy, your financial planning client, would like you to advise her
of tax-efficient estate planning str...
Mandy, your financial planning client, would like you to advise her
of tax-efficient estate planning strategies that preserve her
family's wealth and incorporate charitable donations. What are the
relevant elements in Mandy's financial planning engagement?
1 Address estate and legacy matters
2 Pursue philanthropic interests
3 Preserve or increase wealth
4 Identify tax considerations - all
,2|Page
*** When providing financial planning services to a client, a
certificant needs to provide these services with integrity. Which of
the following are characteristics of the duty of Integrity?
1 Integrity ensures that information is accessible only to those
authorized to have access.
2 Integrity demands honesty and candor, which must not be
subordinated to personal gain an advantage.
3 Allowance can be made for innocent error and legitimate
differences of opinion, but integrity cannot coexist with deceit or
subordination of one's principles. - 2-3
The duty of confidentiality and privacy ensures that information is
accessible only to those authorized to have access.
,3|Page
Choose the duties that must be fulfilled for a CFP® professional
to act as a fiduciary.
Duty of Loyalty
Duty of Care
Duty to Follow Client Instructions - all
At all times when providing Financial Advice to a Client, a CFP®
professional must act as a fiduciary, and therefore, act in the best
interests of the Client. The following duties must be fulfilled: 1)
duty of loyalty, 2) duty of care, and 3) duty to follow client
information.
*** To which of the following groups do the CFP Board Fitness
Standards apply?
1 CFP® candidates
2 A CFP® practitioner acting in a supervisory capacity
3 Respondents in a CFP Board investigation
, 4|Page
4 Professionals Eligible for Reinstatement - 1, 4
The Fitness Standards apply to CFP® candidates and
Professionals Eligible for Reinstatement (PER). PER includes
both individuals who are not currently certified but have been
certified by CFP Board in the past and individuals are eligible to
reinstate their certification without being required to pass the
current CFP® Certification Examination.
Reinstatement by CFP Board is possible under which of the
following circumstances?
1 Revocation
2 Suspension of one year or less
3 Suspension of more than one year
4 Temporary bar of more than one year - 2, 3, 4
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