CFP exam QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025)
Topic 1: Financial Planning Process
6 step process: EGADIM - Correct Answers ✅1. Establish
Relationship
- Gather Information
- Analyze data
- Develop plan
- Implement
- Monitor
Step 1: Establish Relationship - Correct Answers ✅•
Services that will be provided • compensation/billing • Responsibilities of both client/planner • Time frame of relationship
Step 2: Gather quantitative and qualitative data - Correct
Answers ✅• It is important that goals be defined before any recommendations • A goal should be specific, prioritized and quantified • Fact finder form
Step 3: Analyze data - Correct Answers ✅• Identify
strengths and weaknesses 1 / 2
CFP exam QUESTIONS AND ANSWERS 100% SOLVED (Newest 2025) • Analysis of current position • Should be based on realistic assumptions
Step 4: Develop Plan - Correct Answers ✅• Objective
• Should be presented to client • Mutually decide on revisions • Prioritized list of implementation steps and timing
Step 5: Implement - Correct Answers ✅• Work closely with
other professional team members • Help client with product acquisitions
Step 6: Monitor - Correct Answers ✅• Fed tax changes
• Economic changes • Modifications to plan
Topic 2: Code of Ethics & Professional Responsibility +
Disciplinary Rules Procedures - Correct Answers ✅...Aspirational Principles - Correct Answers ✅• Integrity • Objectivity • Competence • Fairness
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