CFP 101- Unit 8 - Professional Conduct
and Fiduciary Responsibility Exam
Questions + Verified Answers 100%
correct, Update 2026
Code of Ethics and Standards of Conduct (Code and Standards) -
correct answer ✅define the expected level of professional conduct
and practice for CFP certificants
CFP Certificant -
correct answer ✅aka CFP Professional, is an individual that has
passed the CFP Exam and fulfilled the education, experience and
ethics requirements set by CFP Board
Disciplinary and Ethics Commission -
correct answer ✅Is responsible for investigating, reviewing and
considering recommendations and issuing a final decision in these
instances
6 Principles of Code of Ethics -
correct answer ✅1) Act with honesty, integrity, competence, and
diligence
2) Act in the client's best interests
3) Exercise due care
4) Avoid or disclose and manage conflicts of interest
, CFP 101- Unit 8 - Professional Conduct
and Fiduciary Responsibility Exam
Questions + Verified Answers 100%
correct, Update 2026
5) Maintain the confidentiality and protect the privacy of client
information
6) Act in a manner that reflects positively on the financial planning
profession and CFP Certifciation
Standards of Conduct (Standards) -
correct answer ✅articulate professional duties that CFP
Professionals must uphold. Specifically, outline obligations between
financial planners and current clients, prospective clients,
employers, and the CFP Board regarding information, property,
disclosure, and the defining relationships.
6 Sections of Standards -
correct answer ✅A. Duties Owed to Clients
B. Financial Planning and Application of the Practice Standards for
the Financial Planning Process
C. Practice Standards for the Financial Planning Process
D. Duties Owed to Firms and Subordinates
E. Duties Owed to CFP Board
F. Prohibition on Circumvention
and Fiduciary Responsibility Exam
Questions + Verified Answers 100%
correct, Update 2026
Code of Ethics and Standards of Conduct (Code and Standards) -
correct answer ✅define the expected level of professional conduct
and practice for CFP certificants
CFP Certificant -
correct answer ✅aka CFP Professional, is an individual that has
passed the CFP Exam and fulfilled the education, experience and
ethics requirements set by CFP Board
Disciplinary and Ethics Commission -
correct answer ✅Is responsible for investigating, reviewing and
considering recommendations and issuing a final decision in these
instances
6 Principles of Code of Ethics -
correct answer ✅1) Act with honesty, integrity, competence, and
diligence
2) Act in the client's best interests
3) Exercise due care
4) Avoid or disclose and manage conflicts of interest
, CFP 101- Unit 8 - Professional Conduct
and Fiduciary Responsibility Exam
Questions + Verified Answers 100%
correct, Update 2026
5) Maintain the confidentiality and protect the privacy of client
information
6) Act in a manner that reflects positively on the financial planning
profession and CFP Certifciation
Standards of Conduct (Standards) -
correct answer ✅articulate professional duties that CFP
Professionals must uphold. Specifically, outline obligations between
financial planners and current clients, prospective clients,
employers, and the CFP Board regarding information, property,
disclosure, and the defining relationships.
6 Sections of Standards -
correct answer ✅A. Duties Owed to Clients
B. Financial Planning and Application of the Practice Standards for
the Financial Planning Process
C. Practice Standards for the Financial Planning Process
D. Duties Owed to Firms and Subordinates
E. Duties Owed to CFP Board
F. Prohibition on Circumvention
