Certified Financial Planner Board of Standards Inc

CFP Exam Unit 1 - July 2022 with Updated Questions and Answers Steps to Financial Planning - EGADCIM - CORRECT ANSWER 1. Establishing and defining the client planner relationship 2. Gathering information necessary to fulfill the engagement 3. Analyzing and evaluating the client's current financial status 4. Developing the recommendations 5. Communicating the recommendations 6. Implementing the recommendations 7. Monitoring the recommendations Eight Principal Knowledge Categories - C...

CFP Exam 2022/2023 with Complete Solutions CFP Standards of Conduct Sections (6) - CORRECT ANSWER A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct - CORRECT ANSWER Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Disclose and Manage ...

CFP Exam Review with Updated Questions and Answers 2023 Eurodollar - CORRECT ANSWER a deposit in a foreign bank that is denominated in dollars Yankee Bond - CORRECT ANSWER dollar denominated bonds issued in the US by foreign banks and corporations, used when market conditions in the US are better than those overseas. OID - CORRECT ANSWER original issue discount - a bond discounted from par value as a zero coupon bond. There is no taxable phantom income from interest accretion but ...

CFP Exam Questions and Answers (New Update 2023) Lisa purchased 500 shares of XYZ stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%. At What price would Lisa receive a margin call? A. $20 B. $22.86 C. $57.14 D. $80.00 - CORRECT ANSWER B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purchased 1000 shares of CWC stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price f...

CFP exam new update 2023 with complete solutions Topic 1: Financial Planning Process - CORRECT ANSWER ... 6 step process: EGADIM - CORRECT ANSWER 1. Establish Relationship 2. Gather Information 3. Analyze data 4. Develop plan 5. Implement 6. Monitor Step 1: Establish Relationship - CORRECT ANSWER • Services that will be provided • compensation/billing • Responsibilities of both client/planner • Time frame of relationship Step 2: Gather quantitative and qualitative data - CO...