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You can locate a financial planner by researching the various professional associations that serve planners.

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True

False

True. You can go to their Websites and find planners who work near you.

Financial planners must act in their clients' best interests when working with them.

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True

False

True. Although this is a generally accepted notion, some planners still do not act in their clients' best interest. That's why it is best to ask a lot of questions before hiring them.

Before a financial planner can create a financial plan for you, what must both of you do?

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Set your financial goals

Set a timeframe for meeting your financial goals

Agree on how to pay him or her

All of the above

All of the above. You must get all of these settled before starting on a plan, because the plan will be based on them.

A financial planner _______.

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Gives advice on all areas of financial well-being

Helps clients create financial goals

Both of the above

Both of the above. A financial planner gives financial advice on all areas of life and helps clients create goals.

If you are charged money for stocks that you buy from your financial planner who is also a licensed stockbroker, that charge is called _______.

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A fee

A commission

Either a fee or a commission

A commission. Commissions are charged when you buy or sell a stock.

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