CFP Exam Study Set UPDATED ACTUAL Exam Questions and CORRECT Answers

CFP Exam Study Set UPDATED ACTUAL
Exam Questions and CORRECT Answers
What is the 7 Step Financial Planning Process? - CORRECT ANSWER - 1-
Understanding
2- Identifying
3- Analyzing
4- Developing
5- Presenting
6- Implementing
7- Monitoring


What is the First Step of the Financial Planning Process? - CORRECT ANSWER -
Understanding


Explain Step 1 of the Financial Planning Process - CORRECT ANSWER - Understanding
the Clients Personal and Financial Circumstances; Analyzing Qualitative / Quantitative Info and
Documentation


What is the Second Step of the Financial Planning Process? - CORRECT ANSWER -
Identifying


Explain Step 2 of the Financial Planning Process - CORRECT ANSWER - Identify and
Select Goals


What is the Third Step of the Financial Planning Process? - CORRECT ANSWER -
Analyzing


Explain Step 3 of the Financial Planning Process - CORRECT ANSWER - Analyze the
Current Course and Potential Alternatives