FINA 4352 - MODULE 6 - FP511 EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
Select the categories of conduct defined in the Fitness Standards.
I. Conduct Deemed a Temporary Bar
II. Conduct Deemed a Presumptive Bar
III. Conduct Deemed Unacceptable
IV. Conduct Deemed Adverse
II & III
Per the Fitness Standards, an individual is eligible to submit a petition for
consideration after having engaged in any of the following categories of conduct
except
felony conviction for theft, embezzlement or other financially-based crimes.
The Code of Ethics is composed of ____ principles.
6
Identify the day counting rules that apply when the Procedural Rules state a time
in calendar days.
I. Exclude the day of the event that triggers the period
II. Include the day of the event that triggers the period
III. Count every day, excluding intervening Saturdays, Sundays, and federal legal
holidays
IV. Include the last day of the period, but if the last day is a Saturday, Sunday, or
, federal legal holiday, the period continues to run until the end of the next day that
is not a Saturday, Sunday, or federal legal holiday
I & IV
In order to proceed with a petition for reinstatement, a Respondent must have
completed all of the following except
completed a CFP Board verified Ethics continuing education (CE) course.
Choose the Code of Ethics principle that a CFP® professional is following by
disclosing any arrangement by which someone who is not the client will
compensate or provide some other material economic benefit to the planner, firm,
or a Related Party.
Avoid or disclose and manage conflicts of interest.
Madison, a CFP® professional, offers financial planning services to high net
worth clients in her Registered Independent Advisory firm. Which of the services
that Madison provides is considered a relevant element of financial planning
according to the CFP Board Code and Standards?
Manage assets and liabilities
Madison, a CFP® professional, offers financial planning services to high net
worth clients in her Registered Independent Advisory firm. Select the services
that Madison provides that are considered relevant elements of financial planning
according to CFP
Board's Code and Standards.
I. Managing cash flow
II. Developing client goals
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
Select the categories of conduct defined in the Fitness Standards.
I. Conduct Deemed a Temporary Bar
II. Conduct Deemed a Presumptive Bar
III. Conduct Deemed Unacceptable
IV. Conduct Deemed Adverse
II & III
Per the Fitness Standards, an individual is eligible to submit a petition for
consideration after having engaged in any of the following categories of conduct
except
felony conviction for theft, embezzlement or other financially-based crimes.
The Code of Ethics is composed of ____ principles.
6
Identify the day counting rules that apply when the Procedural Rules state a time
in calendar days.
I. Exclude the day of the event that triggers the period
II. Include the day of the event that triggers the period
III. Count every day, excluding intervening Saturdays, Sundays, and federal legal
holidays
IV. Include the last day of the period, but if the last day is a Saturday, Sunday, or
, federal legal holiday, the period continues to run until the end of the next day that
is not a Saturday, Sunday, or federal legal holiday
I & IV
In order to proceed with a petition for reinstatement, a Respondent must have
completed all of the following except
completed a CFP Board verified Ethics continuing education (CE) course.
Choose the Code of Ethics principle that a CFP® professional is following by
disclosing any arrangement by which someone who is not the client will
compensate or provide some other material economic benefit to the planner, firm,
or a Related Party.
Avoid or disclose and manage conflicts of interest.
Madison, a CFP® professional, offers financial planning services to high net
worth clients in her Registered Independent Advisory firm. Which of the services
that Madison provides is considered a relevant element of financial planning
according to the CFP Board Code and Standards?
Manage assets and liabilities
Madison, a CFP® professional, offers financial planning services to high net
worth clients in her Registered Independent Advisory firm. Select the services
that Madison provides that are considered relevant elements of financial planning
according to CFP
Board's Code and Standards.
I. Managing cash flow
II. Developing client goals
