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1.
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.
2.
At what point in the process of working with a financial planner do you establish the goals you are trying to meet?
In the beginning. Setting your goals must be done at the beginning. Otherwise, your planner won't know what kind of plan to craft.
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.
Some financial planners seldom stay in contact with their clients.
True. Some are hands-off, while others are more hands-on. This is why you should ask.
5.
A financial planner might charge you both a fee and a commission.
True. Since fees and commissions compensate the planner for different services, some planners will charge both. It's good to ask how he or she charges.