CFP 5111 Exam questions with correct answers

The preamble of CFP Board's Code of Ethics and Standards of Conduct describes the value of upholding aspirational standards and incorporating them into everyday financial planning practice. Identify the purpose(s) of the Code and Standards contained in the preamble. To hold all CFP® professionals to high standards of competency and ethics To benefit and protect the public To investigate, review, consider recommendations, and issue final decisions on allegations of violations and/or noncompliance To advance financial planning as a distinct and valuable profession CORRECT ANSWER To hold all CFP® professionals to high standards of competency and ethics To benefit and protect the public To advance financial planning as a distinct and valuable profession Emma, a CFP® professional, has a thriving financial planning practice in a small town. As part of clients' financial planning engagements with Emma, these clients have provided her with a considerable amount of confidential information. Under which of the following circumstances can Emma reveal confidential client information? To defend herself against charges of wrongdoing To give an example in a meeting with another client To demonstrate to prospective clients the types of services Emma provides To provide information to an estate planning attorney who is working on a similar case CORRECT ANSWER To d