FIN380 FINAL ACTUAL EXAM PAPER 2026 QUESTIONS
WITH ANSWERS GRADED A+
● 8 Financial Planning Domains. Answer: 1. Establish & Define the Client-Planner
Relationship-- structuring (determine format and subject matter of what follows) 2. Gathering
Information Necessary to Fulfill the Engagement- 3. Analyzing and Evaluating the Client's
Current FInancial Status 4. Developing the Recommendations 5. Communicating the
Recommendations 6. Implementing the Recommendations 7. Monitoring the
Recommendations 8. Practicing Within Professional Regulatory Standards
● Financial Planning. Answer: A process that ascertains the client's financial goals and
objectives and develops a plan for achieving the client's goals and objectives
● Financial Planning Process. Answer: A selling/planning process that has ten steps (the
eight domains of the financial planning process" plus two additional steps (1) identify the
prospect (2) approach the prospect
● Financial Risk Tolerance. Answer: Attitude towards risk, usually a third party scientific risk
questionnaire is used
● Fact-Finder Form. Answer: A form only a few pages long that asks for basic information.
Designed for financial planning to simplify data entry.
● Identifying Client's Values & Attitudes. Answer: 1. Explore personal needs, priorities and
goals 2. Explore time horizon for each goal 3. Assess the client's level of knowledge and
experience with matters 4. Assess the client's risk exposures and tolerances
● Gather Data. Answer: 1. Summary of Assets (cost basis, designations and titling) 2.
Summary of Liabilities (balances, terms and interests) 3. Summary of income & expenses 4.
Estate planning documents 5. Education plan and resources 6. Retirement plan information 7.
Employment benefits 8. Gov't Benefits 9. Special circumstances (legal docs, agreements,
family stuff, etc) 10. Tax docs 11. Investment statements 12. Insurance policies 13. Closely
held biz docs (shareholder agreements) 14. Inheritances, windfalls, etc
● Analyzing Client's Current Financial Status. Answer: 1. Evaluate & document strengths and
vulnerabilities 2. RIsk management and insurance evaluation 3. Benefits evaluation 4.
Investment evaluation 5. Tax evaluation 6. Retirement evaluation 7. Estate planning
evaluation 8. Business ownership 9. Education planning evaluation 10. Other considerations
WITH ANSWERS GRADED A+
● 8 Financial Planning Domains. Answer: 1. Establish & Define the Client-Planner
Relationship-- structuring (determine format and subject matter of what follows) 2. Gathering
Information Necessary to Fulfill the Engagement- 3. Analyzing and Evaluating the Client's
Current FInancial Status 4. Developing the Recommendations 5. Communicating the
Recommendations 6. Implementing the Recommendations 7. Monitoring the
Recommendations 8. Practicing Within Professional Regulatory Standards
● Financial Planning. Answer: A process that ascertains the client's financial goals and
objectives and develops a plan for achieving the client's goals and objectives
● Financial Planning Process. Answer: A selling/planning process that has ten steps (the
eight domains of the financial planning process" plus two additional steps (1) identify the
prospect (2) approach the prospect
● Financial Risk Tolerance. Answer: Attitude towards risk, usually a third party scientific risk
questionnaire is used
● Fact-Finder Form. Answer: A form only a few pages long that asks for basic information.
Designed for financial planning to simplify data entry.
● Identifying Client's Values & Attitudes. Answer: 1. Explore personal needs, priorities and
goals 2. Explore time horizon for each goal 3. Assess the client's level of knowledge and
experience with matters 4. Assess the client's risk exposures and tolerances
● Gather Data. Answer: 1. Summary of Assets (cost basis, designations and titling) 2.
Summary of Liabilities (balances, terms and interests) 3. Summary of income & expenses 4.
Estate planning documents 5. Education plan and resources 6. Retirement plan information 7.
Employment benefits 8. Gov't Benefits 9. Special circumstances (legal docs, agreements,
family stuff, etc) 10. Tax docs 11. Investment statements 12. Insurance policies 13. Closely
held biz docs (shareholder agreements) 14. Inheritances, windfalls, etc
● Analyzing Client's Current Financial Status. Answer: 1. Evaluate & document strengths and
vulnerabilities 2. RIsk management and insurance evaluation 3. Benefits evaluation 4.
Investment evaluation 5. Tax evaluation 6. Retirement evaluation 7. Estate planning
evaluation 8. Business ownership 9. Education planning evaluation 10. Other considerations
