Home > Planning > Beginner
Planning Beginner: Using Financial Planners

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
Whom of the following can you visit to receive financial planning?
Choose wisely. There is only one correct answer.
All of the above. PFSs, CFPs, and ChFCs can all offer you financial planning advice.
2.
The last part of the financial planning process is _______.
Choose wisely. There is only one correct answer.
Evaluating the success of your plan. Once the recommendations of your plan are carried out, the last step is to monitor it.
3.
Investment advisers are registered at the national level only.
Choose wisely. There is only one correct answer.
False. They may be registered at the state level instead, depending upon the amount of assets they manage.
4.
A commission is an hourly charge or a fixed rate.
Choose wisely. There is only one correct answer.
False. A fee, not a commission, is an hourly charge or a fixed rate.
5.
Which of the following areas should you ask your financial planner about?
Choose wisely. There is only one correct answer.
All of the above. You should ask your planner about his or her experience, licenses held, services offered, charges, and his or her approach to planning.