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1.
A commission is an hourly charge or a fixed rate.
False. A fee, not a commission, is an hourly charge or a fixed rate.
2.
Whom of the following can you visit to receive financial planning?
All of the above. PFSs, CFPs, and ChFCs can all offer you financial planning advice.
3.
In order to sell investment advice, a financial planner must be registered as _______ to give investment advice.
An investment adviser. In order to legally sell investment advice, a financial planner must be registered as either an investment adviser or an investment adviser representative with the state in which he or she does business.
4.
Before you can begin making a financial plan, your financial planner must examine _______.
All of the above. A planner will look at all of these in the beginning.
5.
All financial planners sell investment products.
False. Not all of them are licensed to sell investment products.