CFP QUESTIONS AND ANSWERS

CFP Financial planning - the process of determining whether and how an individual can meet life goals through the proper management of financial resources Financial planning letter of engagement - 1.) the parties to the Agreement; 2.) the date of the Agreement and its duration; 3.) how and on what terms each party can terminate the Agreement; and 4.) the services to be provided as part of the Agreement. Domain 1 - Establishing and defining the client-planner relationship Domain 2 - Gathering information necessary to fulfill the engagement Domain 3 - Analyzing and evaluating the client's current financial status Domain 4 - Developing the recommendations Domain 5 - Communicating the recommendations Domain 6 - Implementing the recommendations Domain 7 - Monitoring the recommendations Domain 8 - Practicing within professional and regulatory standards List all Domains in order - Domain 1 - Establishing and defining the client-planner relationship