CFP Exam Questions and Answers 100% Solved | Graded A+

©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

CFP Exam Questions and Answers 100%

Solved | Graded A+


Topic 1: Financial Planning Process - ✔✔...

6 step process: EGADIM - ✔✔1. Establish Relationship

2. Gather Information

3. Analyze data

4. Develop plan

5. Implement

6. Monitor

Step 1: Establish Relationship - ✔✔• Services that will be provided

• compensation/billing

• Responsibilities of both client/planner

• Time frame of relationship

Step 2: Gather quantitative and qualitative data - ✔✔• It is important that

goals be defined before any recommendations

• A goal should be specific, prioritized and quantified

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

• Fact finder form

Step 3: Analyze data - ✔✔• Identify strengths and weaknesses

• Analysis of current position

• Should be based on realistic assumptions

Step 4: Develop Plan - ✔✔• Objective

• Should be presented to client

• Mutually decide on revisions

• Prioritized list of implementation steps and timing

Step 5: Implement - ✔✔• Work closely with other professional team

members

• Help client with product acquisitions

Step 6: Monitor - ✔✔• Fed tax changes

• Economic changes

• Modifications to plan

Topic 2: Code of Ethics & Professional Responsibility + Disciplinary Rules

Procedures - ✔✔...

Aspirational Principles - ✔✔• Integrity

• Objectivity