FPQP ACTUAL EXAM PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● comprehensive financial plan.
Answer: addresses most/all aspects of client's circumstances
●● targeted financial plan.
Answer: address 1 or 2 of a client's objective (ex: buying a home)
●● PTA.
Answer: Purpose
Time frame
amount
steps to setting a financial goal
●● Areas of Financial Planning.
Answer: 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
●● Step 1: Understanding the client's personal and financial
circumstances.
Answer: Acquire qualitative and quantitative data
May use a standardized questionnaire or data survey form
Includes identifying current yield from already-invested assets
(quantitative data)
●● Quantitative data.
Answer: Names and numbers
general family profile, assets and liabilities, cash inflows and outflows,
insurance policy info, employee benefit and retirement plan info, tax
returns for the past 3 years, details of current investments, education
funding needs, client-owned business info, copies of important docs,
lifetime gifting programs
●● Qualitative data.
QUESTIONS WITH SOLUTIONS GRADED A+
●● comprehensive financial plan.
Answer: addresses most/all aspects of client's circumstances
●● targeted financial plan.
Answer: address 1 or 2 of a client's objective (ex: buying a home)
●● PTA.
Answer: Purpose
Time frame
amount
steps to setting a financial goal
●● Areas of Financial Planning.
Answer: 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
●● Step 1: Understanding the client's personal and financial
circumstances.
Answer: Acquire qualitative and quantitative data
May use a standardized questionnaire or data survey form
Includes identifying current yield from already-invested assets
(quantitative data)
●● Quantitative data.
Answer: Names and numbers
general family profile, assets and liabilities, cash inflows and outflows,
insurance policy info, employee benefit and retirement plan info, tax
returns for the past 3 years, details of current investments, education
funding needs, client-owned business info, copies of important docs,
lifetime gifting programs
●● Qualitative data.
