FPQP Module 1 Exam Questions with Correct Answers 100% Verified By Experts| Latest
Update Guaranteed Success
Seven steps of the personal financial planning process 1. Understanding the client's personal
and financial circumstances
2. Identifying and selecting goals
3. Analyze course of action and potential course of action
4. Develope financial planning reccomendations
5. Present reccomendations
6. Implement reccomendations
7. Monitor and update
Financial planning as defined by the CFP Board of Standards Inc. A collaborative process that
helps maximize a client's potential for meeting life goals through financial advice that integrates
relevant elements of the client's personal and financial circumstances
9 areas of financial planning Developing goals
Cash and debt management
Risk management and insurance planning
Education needs
Group benefits planning
Investment planning
Retirement savings and income planning
Tax planning
Estate planning
PTA meaning (for goals) Purpose
Time frame
Amount
Update Guaranteed Success
Seven steps of the personal financial planning process 1. Understanding the client's personal
and financial circumstances
2. Identifying and selecting goals
3. Analyze course of action and potential course of action
4. Develope financial planning reccomendations
5. Present reccomendations
6. Implement reccomendations
7. Monitor and update
Financial planning as defined by the CFP Board of Standards Inc. A collaborative process that
helps maximize a client's potential for meeting life goals through financial advice that integrates
relevant elements of the client's personal and financial circumstances
9 areas of financial planning Developing goals
Cash and debt management
Risk management and insurance planning
Education needs
Group benefits planning
Investment planning
Retirement savings and income planning
Tax planning
Estate planning
PTA meaning (for goals) Purpose
Time frame
Amount
