FP1 / FULL PRACTICE EXAM Questions And Answers

FP1 / FULL PRACTICE EXAM Questions And Answers Which statement regarding the traits or values of financial advisors is correct? A. Professionalism is displayed by being competent and knowledgeable. B. Diligence is displayed by being honest with clients. C. Objectivity requires respecting clients' privacy. D. Confidentiality requires the advisor to make impartial recommendations. - ANS A. Professionalism is displayed by being competent and knowledgeable. Professionalism is displayed by being competent and knowledgeable by keeping up to date regarding key aspects of the financial services industry. By and large, what statement below is true in regards to the current landscape in Canada for financial advisors? A. There has been a dramatic shift to fee based advice as it's perceived as unbiased. B. The role has shifted to a client driven model where building a strong client relationship is key. C. The business is now product driven where it's all about selling higher commissioned products. D. The industry is focusing on reducing costs and finding the most inexpensive investments for clients. - ANS B. The role has shifted to a client driven model where building a strong client relationship is key.