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FPSU
®
Study Guide
Chapter 1: Financial Planning Process
To be used in conjunction with the money back guaranteed
Online FPSU
®
Exam Preparation Tools
available at
www.seewhylearning.com
SeeWhy Financial Learning
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PRINCIPLE 3: COMPETENCE
A CFP professional shall provide services to clients competently and maintain the
necessary knowledge and skill to continue to do so in those areas in which the CFP
professional is engaged.
PRINCIPLE 4: FAIRNESS
A CFP professional shall perform financial planning in a manner that is fair and
reasonable to clients, principals, partners, and employers and shall disclose conflicts of
interest in providing such services.
PRINCIPLE 5: CONFIDENTIALITY
A CFP professional shall maintain confidentiality of all client information.
PRINCIPLE 6: PROFESSIONALISM
A CFP professional’s conduct in all matters shall reflect credit upon the profession.
PRINCIPLE 7: DILIGENCE
A CFP professional shall act diligently in providing financial planning.
Your Responsibility to Your Clients
•
Be aware of the duty of care and consumer protection laws.
•
Adhere to these laws.
The Personal Financial Planning Process
Client Objectives
The Financial Planning Process really centres on determining a client's goals and
objectives. The following six items must be considered when determining these goals:
1.
Time Horizon
•
This is the timeframe within which the client has to accomplish their goals.
•
The time horizon can be long or short.
•
A client can have different time horizons for different goals.