Cfp 4 - Study guides, Class notes & Summaries

©BRAINBARTER 2024/2025 FP511 Practice Exam Questions With Verified Answers Which of the following activities would be appropriate if you were establishing and defining the client-planner relationship or gathering information necessary to fulfill the engagement? 1 Collecting personal financial information 2 Inquiring about the number of dependents 3 Inquiring about the age or dates of birth of dependents 4 Determining which stocks to purchase for the client's investment portfolio - answ...

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 Conflicts of Interest 6. Sound and Objective Prof...

CFP Exam Unit 1 - July 2021 Questions & Answers Steps to Financial Planning - EGADCIM - ANSWERS1. 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 - ANSWERS1. Professional...

AWMA Practice Exam Questions with All Correct Answers (Already Graded A+) Which of these choices is NOT a fiduciary duty explicitly required under the CFP Board Practice Standards? A) Duty to delegate B) Duty to follow client instructions C) Duty of loyalty D) Duty of care - Answer A) Duty to delegate The three fiduciary duties explicitly stated in the CFP Board Practice Standards are the duty of loyalty, duty of care, and duty to follow client instructions. There is a fiduciary duty ...

November 2022/2023 CFP: Fundamentals A CFP® professional has been engaged by a client to help with budgeting and investing for retirement. The client has had difficulty saving money for investments even though he has an adequate income. The CFP® professional began to collect information on income and expenses for the client and then decided to look at the client's income tax returns. When the CFP® professional asked for income tax returns, he learned that the client had not paid ...

Which of the following activities would be appropriate if you were establishing and defining the client-planner relationship or gathering information necessary to fulfill the engagement? 1 Collecting personal financial information 2 Inquiring about the number of dependents 3 Inquiring about the age or dates of birth of dependents 4 Determining which stocks to purchase for the client's investment portfolio - ANSWER 1-3 Establishing and defining the client-planner relationship does not inc...

CFP 512 - Module 4 - Questions with Explanations of Answers Latest Update 2024.

CFP Fundamentals of Financial Planning Exam Questions & Answers 2024/2025 Personal Financial Planning - ANSWERSThe process of formulating, implementing, and monitoring financial decisions into an integrated plan that guides an individual or a family to achieve their financial goals Financial Planning Process - ANSWERS1. Understand the clients personal and financial circumstances 2. Identifying and selecting goals 3. Analyses current course of action and potential alternatives 4. Devel...

CFP EXAM 2024 WITH 100% CORRECT ANSWERS ... - correct answer Topic 1: Financial Planning Process 1. Establish Relationship 2. Gather Information 3. Analyze data 4. Develop plan 5. Implement 6. Monitor - correct answer 6 step process: EGADIM • Services that will be provided • compensation/billing • Responsibilities of both client/planner • Time frame of relationship - correct answer Step 1: Establish Relationship • It is important that goals be defined before any r...

CFP Exam 2020 CFP Standards of Conduct Sections (6) - answers 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 - answers Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Disclose and Manage Conflicts of Interest 6. So...