CFP Exam (Latest Update 2026) UPDATE!! (Recent
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Terms in this set (220)
What are the three components of Duty of Loyalty, Duty of Care, Duty to Follow Client
the Fiduciary Duty? Instructions
What is the Duty of Loyalty under the Place the client's interests above your own or the
CFP Standards of Conduct? firm's. Disclose or avoid conflicts. Don't let personal
gain affect your advice.
What is the Duty of Care? Act with the care, skill, prudence, and diligence that
a prudent professional would exercise based on the
client's goals and circumstances.
, What is the Duty to Follow Client Follow reasonable and lawful client instructions,
Instructions? consistent with your other duties.
When must a CFP professional act as When providing financial advice or financial
a fiduciary? planning to a client.
What is the meaning of Integrity Be honest and straightforward in all professional
under the CFP® Standards of relationships. Act with high ethical standards.
Conduct?
How does Integrity relate to a CFP® Integrity is about trustworthiness, being truthful, and
professional's behavior? avoiding deceit in your professional actions.
Why is Integrity important in financial It ensures that the client's best interests are always
planning? prioritized, fostering trust in the advisor-client
relationship.
What are the key behaviors expected Being truthful, transparent, and consistent in your
under Integrity? actions, even when no one is watching.
How can a CFP® professional By maintaining honesty, providing accurate
demonstrate Integrity? information, and avoiding any form of
misrepresentation.
What does Competence mean under Competence means having the necessary
the CFP® Standards of Conduct? knowledge and skill to provide professional services
to clients.
Why is Competence important for Competence ensures that a CFP® professional can
CFP® professionals? provide the best advice and services based on
current knowledge and skills.
exam) Fully solved & updated 2026 Most TESTED
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (220)
What are the three components of Duty of Loyalty, Duty of Care, Duty to Follow Client
the Fiduciary Duty? Instructions
What is the Duty of Loyalty under the Place the client's interests above your own or the
CFP Standards of Conduct? firm's. Disclose or avoid conflicts. Don't let personal
gain affect your advice.
What is the Duty of Care? Act with the care, skill, prudence, and diligence that
a prudent professional would exercise based on the
client's goals and circumstances.
, What is the Duty to Follow Client Follow reasonable and lawful client instructions,
Instructions? consistent with your other duties.
When must a CFP professional act as When providing financial advice or financial
a fiduciary? planning to a client.
What is the meaning of Integrity Be honest and straightforward in all professional
under the CFP® Standards of relationships. Act with high ethical standards.
Conduct?
How does Integrity relate to a CFP® Integrity is about trustworthiness, being truthful, and
professional's behavior? avoiding deceit in your professional actions.
Why is Integrity important in financial It ensures that the client's best interests are always
planning? prioritized, fostering trust in the advisor-client
relationship.
What are the key behaviors expected Being truthful, transparent, and consistent in your
under Integrity? actions, even when no one is watching.
How can a CFP® professional By maintaining honesty, providing accurate
demonstrate Integrity? information, and avoiding any form of
misrepresentation.
What does Competence mean under Competence means having the necessary
the CFP® Standards of Conduct? knowledge and skill to provide professional services
to clients.
Why is Competence important for Competence ensures that a CFP® professional can
CFP® professionals? provide the best advice and services based on
current knowledge and skills.
