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Financial Planning Courses: Choosing a Financial Planner

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1.
All financial planners sell investment products.
Choose wisely. There is only one correct answer.
False. Not all of them are licensed to sell investment products.
2.
What is the purpose of doing financial planning?
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To achieve your goals and dreams. Financial planning exists so you can manage your money such that you achieve your goals and dreams.
3.
To look up a financial planner to make sure he or she has not committed any violations, you can go to _______.
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BrokerCheck. BrokerCheck is a convenient online source that lets you look up a broker or financial planner to check for ethics or criminal violations.
4.
Your financial planner receives 2 percent of the amount invested in a mutual fund from the mutual fund company. This is known as _______.
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A commission. Some planners who are also licensed insurance agents, stockbrokers, or financial advisors get paid by receiving a percentage of what you invest from the underwriter or investment company.
5.
Before you can begin making a financial plan, your financial planner must examine _______.
Choose wisely. There is only one correct answer.
All of the above. A planner will look at all of these in the beginning.