Exam (elaborations) Choosing a Financial Advisor latest Update Exam (elaborations) CFP-Financial Planning Test Guide Questions and Answers Exam (elaborations) CFP Total Test Exam Questions with 100% Correct Answers Exam (elaborations) CFP General Principles of Financial Planning Exam Guide Q...
[Show more]
1x sold
Certified Financial Planner - ANSWER-A certification mark for financial planners conferred by the Certified Financial Planner Board of Standards. To receive authorization to use the designation, the candidate must meet education, examination, experience, and ethics requirements; additionally, CFPs m...
Preview 1 out of 3 pages
Add to cartCertified Financial Planner - ANSWER-A certification mark for financial planners conferred by the Certified Financial Planner Board of Standards. To receive authorization to use the designation, the candidate must meet education, examination, experience, and ethics requirements; additionally, CFPs m...
Who does the CFP Board define as fiduciaries? - ANSWER-CFP professionals who are financial planners, or provide any sort of advice, or conduct "material elements" of financial planning. What are the 4 material elements of a financial planner? - ANSWER-1. Client's intent in engaging the CFP 2....
Preview 1 out of 2 pages
Add to cartWho does the CFP Board define as fiduciaries? - ANSWER-CFP professionals who are financial planners, or provide any sort of advice, or conduct "material elements" of financial planning. What are the 4 material elements of a financial planner? - ANSWER-1. Client's intent in engaging the CFP 2....
If a CFP® certificant is unable to obtain sufficient quantitative information from the client to form a basis for recommendations, the planner? - ANSWER-1) can restrict the scope to the areas where there is sufficient information or 2) terminate the relationship The order of the Financial Plan...
Preview 1 out of 2 pages
Add to cartIf a CFP® certificant is unable to obtain sufficient quantitative information from the client to form a basis for recommendations, the planner? - ANSWER-1) can restrict the scope to the areas where there is sufficient information or 2) terminate the relationship The order of the Financial Plan...
Domain 4 CFP Board - ANSWER-Synthesize findings from analysis of the client's financial status. 2. Consider alternatives to meet the client's goals and objectives. • Conduct scenario analysis (changing lifestyle variables). • Conduct sensitivity analysis (change assumptions such as interes...
Preview 3 out of 17 pages
Add to cartDomain 4 CFP Board - ANSWER-Synthesize findings from analysis of the client's financial status. 2. Consider alternatives to meet the client's goals and objectives. • Conduct scenario analysis (changing lifestyle variables). • Conduct sensitivity analysis (change assumptions such as interes...
Certified Financial Planner - ANSWER-certification mark for financial planners conferred by the Certified Financial Planner Board of Standards Diversification - ANSWER-strategy of pursuing an assortment of investments to minimize the effects of risk and volatility Income Investment - ANSWER-an...
Preview 1 out of 2 pages
Add to cartCertified Financial Planner - ANSWER-certification mark for financial planners conferred by the Certified Financial Planner Board of Standards Diversification - ANSWER-strategy of pursuing an assortment of investments to minimize the effects of risk and volatility Income Investment - ANSWER-an...
History of Financial Planning - ANSWER-1960's - few stock brokers and insurance salesmen 1970's - industry went from stock and insurance sales to comprehensive financial plans 1971 - College of Financial Planning founded 1973 - first CFP's issued to 42 people 1990's - booming economy entra...
Preview 2 out of 7 pages
Add to cartHistory of Financial Planning - ANSWER-1960's - few stock brokers and insurance salesmen 1970's - industry went from stock and insurance sales to comprehensive financial plans 1971 - College of Financial Planning founded 1973 - first CFP's issued to 42 people 1990's - booming economy entra...
A specialist that works with individuals and businesses to guide them in making budgetary, savings and investment decisions. - Answer-Financial Planner A bachelors degree - can be in finance, business, accounting, marketing, economics, law, etc. - Answer-Required Education can enhance your rep...
Preview 1 out of 3 pages
Add to cartA specialist that works with individuals and businesses to guide them in making budgetary, savings and investment decisions. - Answer-Financial Planner A bachelors degree - can be in finance, business, accounting, marketing, economics, law, etc. - Answer-Required Education can enhance your rep...
A government agency established product standards that manufacturers must follow when producing their goods. In this situation, the type of authority that the agency is exhibiting is the control of A. rates B. supply C. conduct D. discretion -ANSWER-C. conduct Control of conduct involves ...
Preview 2 out of 7 pages
Add to cartA government agency established product standards that manufacturers must follow when producing their goods. In this situation, the type of authority that the agency is exhibiting is the control of A. rates B. supply C. conduct D. discretion -ANSWER-C. conduct Control of conduct involves ...
Who does NOT have to be registered in the State as an agent of a broker-dealer? A A secretary that answers the phone and who takes orders B A trading assistant who only accepts unsolicited customer orders C A director of the company that is not involved in sales D An officer of the company that ...
Preview 2 out of 14 pages
Add to cartWho does NOT have to be registered in the State as an agent of a broker-dealer? A A secretary that answers the phone and who takes orders B A trading assistant who only accepts unsolicited customer orders C A director of the company that is not involved in sales D An officer of the company that ...
What is a certified financial planner (CFP) or personal financial specialist (PFS)? - Answer-The professional certification for personal financial planners is CFP (Certified Financial Planning) CPAs specializing in financial planning can earn PFS (Personal Financial Specialist) Do you have to be...
Preview 3 out of 19 pages
Add to cartWhat is a certified financial planner (CFP) or personal financial specialist (PFS)? - Answer-The professional certification for personal financial planners is CFP (Certified Financial Planning) CPAs specializing in financial planning can earn PFS (Personal Financial Specialist) Do you have to be...
What is the most likely reason banks offer personal financial planning services? - ANSWER-to increase profits In order to become a financial advisor, an exam must be passed to allow you to practice throughout the United States. - ANSWER-false broker agent a licensed financial planner who place...
Preview 2 out of 10 pages
Add to cartWhat is the most likely reason banks offer personal financial planning services? - ANSWER-to increase profits In order to become a financial advisor, an exam must be passed to allow you to practice throughout the United States. - ANSWER-false broker agent a licensed financial planner who place...
What is Certified Financial Planner Board of Standards, Inc.? a. a federally sponsored professional regulatory organization that owns and licenses the CFP® and Certified Financial Planner™ marks b. an independent professional educational and regulatory organization that owns the federally reg...
Preview 1 out of 4 pages
Add to cartWhat is Certified Financial Planner Board of Standards, Inc.? a. a federally sponsored professional regulatory organization that owns and licenses the CFP® and Certified Financial Planner™ marks b. an independent professional educational and regulatory organization that owns the federally reg...
Net (After Tax) Yield - ANSWER-[(1+After Tax Return)/(1+Inflation)-1]x100 A young couple (both age 30) comes to the financial planner with the desire for assistance in improving their family's financial position. They have two healthy children, ages 3 and 6. The husband is a foreman for a manufa...
Preview 4 out of 32 pages
Add to cartNet (After Tax) Yield - ANSWER-[(1+After Tax Return)/(1+Inflation)-1]x100 A young couple (both age 30) comes to the financial planner with the desire for assistance in improving their family's financial position. They have two healthy children, ages 3 and 6. The husband is a foreman for a manufa...
Certified Financial Planner (CFP) (Personal Financial Planning) - Answer-Certified Financial Planner (CFP) www.c(p-net Why has the CERTIFIED FINANCIAL PLANNER certification become so sought after by consumers and the financial planners who serve them? The answer is simple. The public is looking ...
Preview 2 out of 6 pages
Add to cartCertified Financial Planner (CFP) (Personal Financial Planning) - Answer-Certified Financial Planner (CFP) www.c(p-net Why has the CERTIFIED FINANCIAL PLANNER certification become so sought after by consumers and the financial planners who serve them? The answer is simple. The public is looking ...
Characteristics of a Pell Grant - Answer-1. federal grant available to undergraduates only 2. student who are less than full time receive a partial grant 3. criteria for receipt are financial need and availability of federal funds 4. receipt of other grants and loans is sometimes contingent upon ...
Preview 2 out of 5 pages
Add to cartCharacteristics of a Pell Grant - Answer-1. federal grant available to undergraduates only 2. student who are less than full time receive a partial grant 3. criteria for receipt are financial need and availability of federal funds 4. receipt of other grants and loans is sometimes contingent upon ...
7 Steps of the Financial Planning Process - ANSWER-1. Understanding the client's personal and financial circumstances (qualitative/quantitative information) 2. Identifying and selecting goals 3. Analyzing the client's current course of action and potential alternative courses of action 4. Devel...
Preview 3 out of 18 pages
Add to cart7 Steps of the Financial Planning Process - ANSWER-1. Understanding the client's personal and financial circumstances (qualitative/quantitative information) 2. Identifying and selecting goals 3. Analyzing the client's current course of action and potential alternative courses of action 4. Devel...
Behavioral Finance - ANSWER-New field of study which relates behavioral and cognitive psychology to financial planning and economics in an attempt to understand why people often act irrationally during the financial decision making process. Herd Mentality - ANSWER-Tendency of individuals to follo...
Preview 1 out of 3 pages
Add to cartBehavioral Finance - ANSWER-New field of study which relates behavioral and cognitive psychology to financial planning and economics in an attempt to understand why people often act irrationally during the financial decision making process. Herd Mentality - ANSWER-Tendency of individuals to follo...
Aman is considering a career change. He has heard about the opportunities available to those who hold the CFP marks. His goal is to help people deal with financial questions and concerns using a process that is consistent and proven. Do Certified Financial Planner professionals follow a process, and...
Preview 1 out of 4 pages
Add to cartAman is considering a career change. He has heard about the opportunities available to those who hold the CFP marks. His goal is to help people deal with financial questions and concerns using a process that is consistent and proven. Do Certified Financial Planner professionals follow a process, and...
Financial planning - ANSWER-is the integrated, coordinated management of an individual's financial situation. Within a planning engagement, a financial plan is carefully crafted and serves as the guiding document to bring an assortment of information together—this includes investments, insurance ...
Preview 2 out of 5 pages
Add to cartFinancial planning - ANSWER-is the integrated, coordinated management of an individual's financial situation. Within a planning engagement, a financial plan is carefully crafted and serves as the guiding document to bring an assortment of information together—this includes investments, insurance ...
Above all, personal financial planning is centered on _________________. - ANSWER-people Financial planning is defined in the CFP Board's Code of Ethics and Standards of Conduct (Code and Standards) as ... - ANSWER-"a collaborative process that helps maximize a Client's potential for meeting l...
Preview 4 out of 235 pages
Add to cartAbove all, personal financial planning is centered on _________________. - ANSWER-people Financial planning is defined in the CFP Board's Code of Ethics and Standards of Conduct (Code and Standards) as ... - ANSWER-"a collaborative process that helps maximize a Client's potential for meeting l...
CFP Standards of Conduct Sections (6) - 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 S...
Preview 4 out of 74 pages
Add to cartCFP Standards of Conduct Sections (6) - 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 S...
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 - Answer-B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purchased 10...
Preview 2 out of 8 pages
Add to cartLisa 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 - Answer-B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purchased 10...
6 Stages of Financial Planning - Answer-1. Establish client planner relationship. 2. Gather data and objectives. 3. Analyze and Evaluate financial status. 4. Develop plan and present recommendations. 5. Implement. 6. Monitor. Disposable Income (DI) - Answer-PI - personal taxes GDP does no...
Preview 3 out of 29 pages
Add to cart6 Stages of Financial Planning - Answer-1. Establish client planner relationship. 2. Gather data and objectives. 3. Analyze and Evaluate financial status. 4. Develop plan and present recommendations. 5. Implement. 6. Monitor. Disposable Income (DI) - Answer-PI - personal taxes GDP does no...
Personal Financial Planning - ANSWER-The 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 - ANSWER-1. Understand the clients personal and financial cir...
Preview 3 out of 20 pages
Add to cartPersonal Financial Planning - ANSWER-The 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 - ANSWER-1. Understand the clients personal and financial cir...
Financial Planning. - ANSWER-The process of determining whether and how clients can meet their goals through proper management of financial resources. 8 Major Domains. - ANSWER-Establishing and defining the client-planner relationship. Gathering information necessary to fulfill the engagement....
Preview 2 out of 8 pages
Add to cartFinancial Planning. - ANSWER-The process of determining whether and how clients can meet their goals through proper management of financial resources. 8 Major Domains. - ANSWER-Establishing and defining the client-planner relationship. Gathering information necessary to fulfill the engagement....
Describe the financial planning process: responsibilities of financial planner, client, and other advisers. - ANSWER-All of the parties involved in the financial planning process have certain responsibilities. The financial planner must evaluate the needs of the client, explain complicated financial...
Preview 2 out of 11 pages
Add to cartDescribe the financial planning process: responsibilities of financial planner, client, and other advisers. - ANSWER-All of the parties involved in the financial planning process have certain responsibilities. The financial planner must evaluate the needs of the client, explain complicated financial...
Harry and Alice, both age 55, plan to retire at age 60. They have three children: Pete, age 32, a computer technician living in Atlanta; Sidney, age 30, a doctor who resides in Indianapolis; and Mark, age 25, a web designer, who is married and lives in Chicago. They also have three grandchildren. Mo...
Preview 4 out of 165 pages
Add to cartHarry and Alice, both age 55, plan to retire at age 60. They have three children: Pete, age 32, a computer technician living in Atlanta; Sidney, age 30, a doctor who resides in Indianapolis; and Mark, age 25, a web designer, who is married and lives in Chicago. They also have three grandchildren. Mo...
banker - Answer-Someone who, individually or as a member of a company, operates an establishment for the deposit or loan of money. budget - Answer-A detailed plan of income and expenses expected over a certain period of time. A budget can provide guidelines for managing future investments and exp...
Preview 2 out of 6 pages
Add to cartbanker - Answer-Someone who, individually or as a member of a company, operates an establishment for the deposit or loan of money. budget - Answer-A detailed plan of income and expenses expected over a certain period of time. A budget can provide guidelines for managing future investments and exp...
Certified Public Accountant (CPA) - ANSWER-an individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records brokerage house - ANSWER-A firm that offers various...
Preview 1 out of 1 pages
Add to cartCertified Public Accountant (CPA) - ANSWER-an individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex audits of corporate financial records brokerage house - ANSWER-A firm that offers various...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
No, you only buy these notes for $38.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
67163 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
