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Planning Beginner: Using Financial Planners

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1.
All financial planners sell investment products.
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False. Not all of them are licensed to sell investment products.
2.
In order to get an official designation as such, a financial planner must complete intensive study in that field.
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True. A designation requires study and testing, along with experience in the field.
3.
Before a financial planner can create a financial plan for you, what must both of you do?
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All of the above. You must get all of these settled before starting on a plan, because the plan will be based on them.
4.
If a financial planner charges you a set amount of money for a financial plan, this money is called a _______.
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Fee. This is a set amount charged for services.
5.
People who are not registered as investment advisers can legally give investment advice.
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True. However, they cannot legally be paid for it.