Fpqp - Study guides, Class notes & Summaries

FPQP UPDATED Exam Questions and CORRECT Answers A continuous process, subject to review and revision Helping a client achieve personal and financial goals - Ans The definition of personal financial planning includes which of the following? Goals need to be clearly defined in terms of purpose, time frame, and specific dollar amounts (PTA). - Ans effective personal financial goals need

FPQP EXAM STUDY SET 2024 QUESTIONS & ANSWERS VERIFIED 100% CORRECT!!

Affinity bias - ANS Poor financial decisions are made because they are based on how people believe the outcomes will represent their interests and values Behavioral finance is - ANS the field of study that examines whether investors act rationally or irrationally when making investment decisions cognitive errors - ANS result from incomplete information or inability to analyze Comprehensive financial plan - ANS Covers all of a persons financial objectives,...

Financial Planning - ANS A collaborative process that helps maximize a clients potential for meeting life goals; integrates personal and financial circumstances comprehensive financial plan - ANS addresses most if not all aspects of clients circumstances targeted financial plan - ANS addresses one or two of a client's objectives major factors in making a financial plan - ANS -what -why -when what makes an effective financial goal? - ANS purp...

Fiduciary Duty - ANS At all times when providing financial advice to clients, CFP must act as a fiduciary, act in the best interest of the client Four E's of CFP certification - ANS Education, Examination, Experience, Ethics Financial Planning - ANS Collaborative process that helps maximize a client's potential for meeting life goals through financial advice that integrates relevant elements of the client's personal and financial circumstances Financial ...