A financial planner - Study guides, Class notes & Summaries

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...

Which of the following individuals does NOT come under the supervisory regimen of an investment adviser? - An individual in the mailroom who has fewer than 6 retail advisory clients - A CFA® preparing the firm's research reports - The CPA engaged to perform the annual audit - A financial planner registered with the firm as an IAR, but maintaining a separate financial planning practice as an independent contractor correct answers*The CPA engaged to perform the annual audit* Explanation...

What area of finance involves deciding which assets to invest in to create wealth in the future? - Answer- Investments Hannah is the financial manager of a firm. A project that she has recommended has been approved and will cost $5 million. Since the company does not have enough cash on reserve, Hannah must figure out how to raise enough money to start the project. She can choose whether to issue new bonds, new stocks, a mortgage loan, or some combination of those options. What task is Hannah...

WISE TEST Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS In order to get spending under control, a person should first A. seek help on investing from a financial planner. B. consult a credit counseling service. C. create a budget of current income and expenses. D. subscribe to financial newsletters and magazines. - Answer -C Comparison shopping for a car is necessary because A. each dealer sells cars with different colors. B. lenders want to be sure consumers get t...

1 © 2019 Pearson Canada Inc. Test Bank & Solution manual for Personal Finance, Fourth Canadian Edition (4th Edition) by Jeff Mad 2 © 2019 Pearson Canada Inc. Personal Finance, Canadian Ed., 4e (Madura) Overview of a Financial Plan True/False 1) Many people who believe they have strong personal finance skills do not really understand some basic personal finance concepts. Answer: TRUE Diff: 1 Type: TF Categories: Benefit From Understanding Personal Finance Financial Type: Qualitative Skill Type:...

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 a CFP or PFS before you can legally do financial planning? - Answer-No Generally, do you have to be licensed to sell investment advice or financial securities? - Answer-Selling financial securitie...

Parents patriae is a Latin term that translates to - ans-King as father parents of the country The concept of Prince Porte has given rise to the States authority to intervene in an individual's life in order to protect the person from harming himself or others in the following ways - ans-Guardianship or conservatorship. Baker act. Protective services for children or adults. Involuntary treatment for substance abuse or mental illness. Who can amend or change the laws governing guardi...

1. Unit 2 (Module 1) What area of finance involves deciding which assets to invest in to create wealth in the future ANS Unit 2 Investments (Investments are an area of finance that involves deciding which assets to invest in to create wealth in the future.) 2. Hannah is the financial manager of a firm. A project that she has recom- mended has been approved and will cost $5 million. Since the company does not have enough cash on reserve, Hannah must figure out how to raise enough money t...

WGU D076 - Finance Skills for Managers Questions and Answers 100% correct Which area of finance deals with sources of funding and the capital structure of corporations and seeks to increase the value of a firm to its owners? Business finance Real estate Investments Financial institutions - Correct! Business finance is the area of finance that deals with uses and sources of funding to increase the value of the firm. What is the primary difference between finance and accounting? Fi...

Flashpoint Securities, Inc. (FSI), is a registered broker-dealer with the state. If a violation of the Uniform Securities Act was committed, FSI would most likely not be held liable for failure to supervise which of the following? A) A financial planner, registered with the state as an investment adviser, who is registered as an agent of FSI B) An agent registered with FSI C) A clerk in FSIs back office D) The unaffiliated brother-in-law of a senior officer of FSI - ANSWER D) The una...