Exam (elaborations)
CFP Exam Questions And 100% Correct Answers (A+)
- Course
- Institution
CFP Exam Questions And 100% Correct Answers (A+)...
[Show more]
Content preview
CFP Exam Questions And 100% Correct Answers (A+)CFP definition of a felony
offense punishable by a sentenace of at least one year imprisonment or a fine of at least
$1000
CFP board relevant misdemeanor exceptions
1. Driving offences, tickets and misdemeanors that do not involve alcohol or drugs.
2. A first alcohol or drug misdemeanor
Unacceptable conduct that will ALWAYS bar a candidate from certification 5).
1. A felony conviction for theft, embezzlement or other financially based crimes
2. A felony conviction for tax fraud or other tax-related crimes
3. Denial of a financial professional license (other than administrative)
4. A felony conviction for any degree of murder or rape
5. A felony conviction for any other violent crime within the last 5 years
Conduct presumed to be a bar and is PRESUMED to be unacceptable (5)
1. Two or more personal or business bankruptcies
2. Revocation or suspension of a nonfinancial perfessional real estat, attorney license
unless administrative
3. Suspension of a financial professional registered securities representative
broker/dealer insurance, accountant license unless administrative
4. Felony conviction for nonviolent crimes perjery in the last 5 years
5. Felony conviction for violent crimes other than murder or rape occurred over 5 years
,ago
How to remember the seven steps in the financial planning process
Uber Is A Drunk Person's Instant Car
What does an investment adviser's ABC stand for
Advice, Business and Compensation
Exceptions to registration under the Advisers Act (TABLE) if incidental to their
employment
Teachers, Accountants, Brokers, Lawyers and Engineers
Exemptions to SEC registration VIPs are SaFE from exemptions
Venture capital, Insurance companies, Private funds less than $150 million, home State,
Foreign advisers, and securities not on a national Exchange
What is the 1, 2 or 3 test to be an accreditied investor
1. 1 million in net worth
2. $200,000 income single
3. $300,000 income married
Life insurance benchmark
, 10-16 x gross pay?
Emergency fund benchmark
3-6 months?
Education funding benchmark
3k/6k/9k per child per year for 18 years?
Disability benchmark
60/70% of gross pay?
Long term care benachmark
36-60 months?
Personal liability umbrella policy benchmark
1-3 million?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
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!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
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.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Easton. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85169 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now