The Eight Major Domains Of Financial Planning Flashcards
To memorize the eight major domains of financial planning.
1
Q
The first major domain
A
Establishing and defining the client-planner relationship
2
Q
The second major domain
A
Gather information necessary to fulfill the engagement
3
Q
Third major domain
A
Analyzing and evaluating the client’s Current financial status
4
Q
Fourth major domain
A
Developing the recommendation(s)
5
Q
Fifth major domain
A
Communicating the recommendation(s)
6
Q
Sixth major domain
A
Implementing the recommendation(s)
7
Q
7th major domain
A
Monitoring the recommendation(s)
8
Q
Eighth major domain
A
Practicing within Professional and Regulatory Standards
9
Q
First letter of each of the eight domains
A
E - establish G - gather A - analyze D - develop C - communicate I - implement M - monitor P - practice
