This class was created by Brainscape user Kevin Kelley. Visit their profile to learn more about the creator.
By:
Kevin Kelley
- decks
- flashcards
- learners
Decks in this class (79)
A.1 CFP Board’s Code of Ethics and Standards of Conduct
According to the cfp board s stan...,
According to the cfp board s stan...,
According to the cfp board s stan...
30
cards
A. Professional Conduct and Regulation (8%)
0
cards
A.2 CFP Board’s Procedural Rules
How can a cfp professional report...,
What is the maximum number of yea...,
How long does a cfp professional ...
23
cards
A.3 Function, purpose, and general structure of financial institutions
Which of the following best descr...,
Which of the following financial ...,
Which of the following is not a c...
20
cards
A.4 Financial services regulations and requirements
Which of the following regulatory...,
The gramm leach bliley act requir...,
Which of the following is not a r...
14
cards
A.5 Consumer Protection Laws
Which of the following laws estab...,
Which of the following laws requi...,
Which of the following laws requi...
20
cards
A.6 Fiduciary standard and application
Which of the following best descr...,
What is the primary difference be...,
Which of the following is an exam...
20
cards
B. General Principles of Financial Planning (15%)
0
cards
B.7 Financial planning process
Jennifer a recent cfp graduate ha...,
Jonathan is a financial planner w...,
Jane a 45 year old software engin...
17
cards
B.8 Financial statements
Which financial statement shows t...,
Which financial statement shows a...,
Which financial statement shows t...
18
cards
B.9 Cash flow management
Which of the following is a measu...,
A company that is experiencing ne...,
Which of the following is an exam...
22
cards
B.10 Financing strategies and debt management
Which of the following is an exam...,
Which of the following is not a f...,
What is the purpose of a credit s...
18
cards
B.11 Economic concepts
Which of the following is not one...,
Which of the following best descr...,
Which of the following is a chara...
16
cards
B.12 Time value of money concepts and calculations
Which of the following best defin...,
Which of the following is the for...,
Which of the following is the for...
18
cards
B.13 Education needs analysis
Which of the following is not a c...,
Which of the following is the fir...,
Which of the following is an exam...
16
cards
B.14 Education savings vehicles
Which of the following educationa...,
Which of the following is not a q...,
Which of the following types of 5...
19
cards
B.15 Education funding
Which of the following is not a q...,
Which of the following types of f...,
If a student receives a full tuit...
15
cards
B.16 Gift/income tax strategies
Which of the following is not con...,
When does the gift tax annual exc...,
Which of the following gifts is n...
15
cards
C. Risk Management and Insurance Planning (11%)
0
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C.17 Principles of risk and insurance
Which of the following best descr...,
Which of the following is not an ...,
What is the primary purpose of in...
20
cards
C.18 Analysis and evaluation of risk exposures
Janet is a certified financial pl...,
Which of the following is a measu...,
Which of the following is a metho...
21
cards
C.19 Health insurance and health care cost management (individual and group)
Mariana is evaluating her financi...,
Samantha has recently started a n...,
Jonathan and lisa are evaluating ...
16
cards
C.20 Disability income insurance (individual and group)
James thompson a 38 year old soft...,
Jonathan a 38 year old graphic de...,
Katie jensen is a 35 year old gra...
16
cards
C.21 Long-term insurance and long-term case planning (individual and group)
Which of the following is not a t...,
Which of the following is a benef...,
James patterson a 58 year old gra...
15
cards
C.22 Qualified and Non-Qualified Annuities
Which of the following statements...,
Which of the following is a poten...,
Which of the following is a poten...
15
cards
C.23 Life insurance (individual and group)
Which of the following types of l...,
What is the purpose of the incont...,
Which of the following statements...
21
cards
C.24 Business owner insurance solutions
Which of the following is a type ...,
Which of the following is a type ...,
Which of the following is a type ...
20
cards
C.25 Insurance needs analysis
What is the first step in the ins...,
What type of insurance would be m...,
What type of insurance would be m...
20
cards
C.26 Insurance policy and company selection
When selecting a life insurance p...,
Which of the following factors sh...,
A client is looking for a disabil...
14
cards
D. Investment Planning (17%)
0
cards
D.27 Characteristics, uses and taxation of investment vehicles
Which of the following is a chara...,
What type of investment vehicle i...,
Which of the following is a chara...
22
cards
D.28 Types of investment risk
Which of the following is an exam...,
Which of the following is an exam...,
Which of the following is an exam...
21
cards
D.29 Market cycles
Which of the following best descr...,
Which of the following is a typic...,
What is a typical characteristic ...
21
cards
D.30 Quantitative investment concepts and measures of investment returns
Which of the following measures i...,
Which of the following investment...,
What is the formula for calculati...
17
cards
D.31 Asset allocation and portfolio diversification
Which of the following best defin...,
Which of the following is not an ...,
Which of the following is not a c...
21
cards
D.32 Investment Planning: Bond and stock valuation concepts
What is the definition of yield t...,
Sarah is a financial advisor disc...,
Sarah a financial planner is revi...
6
cards
D.33 Investment Planning: Portfolio development and analysis
Which of the following investment...,
Jane has a portfolio of stocks an...,
Which of the following factors is...
20
cards
D.34 Investment strategies
Which investment strategy is best...,
An investor believes that the sto...,
A new investor with a long term i...
28
cards
D.35 Alternative investments and liquidity risk
A client invested in a private eq...,
What is the primary liquidity ris...,
Which of the following alternativ...
26
cards
E. Tax Planning (14%)
0
cards
E.36 Fundamental and current tax law
Which of the following is a chara...,
Which of the following is a curre...,
Which of the following is an exam...
21
cards
E.37 Income tax fundamentals and calculations
Which of the following is not a t...,
Which of the following is not con...,
What is the tax rate for single f...
25
cards
E.38 Characteristics and income taxation of business entities
Which of the following business e...,
Which business entity is most lik...,
Which business entity provides th...
20
cards
E.39 Income taxation of trusts and estates
Which of the following is true re...,
Which of the following is true re...,
Which of the following is true re...
21
cards
E.40 Tax Reduction/Management Techniques
Which of the following tax reduct...,
What is the maximum amount that a...,
Which of the following is a tax m...
41
cards
E.41 Tax consequences of property transactions
Which of the following is not a t...,
What is the tax treatment of a ga...,
Which of the following property t...
21
cards
E.42 Tax implications of special circumstances
What is the maximum annual contri...,
Which of the following tax credit...,
John and mary were married on dec...
20
cards
E.43 Charitable/philanthropic contributions and deductions
Which of the following is true re...,
Which of the following charitable...,
John and mary donated 10 000 to a...
26
cards
F. Retirement Savings and Income Planning (18%)
Blank 1
1
cards
F.44 Retirement needs analysis
Jonathan is a financial planner h...,
John a financial planner is prepa...,
Jonathan and maria are meeting wi...
7
cards
F.45 Social Security and Medicare planning
Mary a diligent financial planner...,
Sarah is nearing her retirement a...,
Jane a financial planning client ...
20
cards
F.46 Eldercare and special needs planning
Julie a financial planner is assi...,
Samantha a certified financial pl...,
Samantha a certified financial pl...
18
cards
F.47 Types of retirement plans
Which of the following is a defin...,
Which of the following retirement...,
Which of the following retirement...
24
cards
F.48 Qualified plan rules and options
Which of the following is not a r...,
Which of the following is not a t...,
Which of the following is a key d...
20
cards
F.49 Non-qualified plan rules and options
Which of the following statements...,
Which of the following is an adva...,
Which of the following types of n...
20
cards
F.50 Key factors affecting plan selection for businesses
Which of the following is not a f...,
A small business owner is looking...,
A business owner wants to offer a...
20
cards
F.51 Distribution rules and taxation
Which of the following retirement...,
If a 401 k plan participant recei...,
Which of the following retirement...
21
cards
F.52 Retirement income and distribution strategies
Which of the following retirement...,
A client has 500 000 in a traditi...,
A client is planning to retire in...
21
cards
F.53 Business succession planning
Which of the following is a commo...,
Which of the following is an exam...,
Which of the following is an adva...
20
cards
G. Estate Planning (10%)
0
cards
G.54 Property titling and beneficiary designations
Jane and mike are married and own...,
Which type of property title allo...,
Sarah wants to ensure her propert...
15
cards
G.55 Strategies to transfer property
James a widower recently passed a...,
Maggie a certified financial plan...,
John has established an idgt and ...
23
cards
G.56 Estate and incapacity planning documents
Jennifer recently discussed her e...,
Jasmine has recently completed he...,
Samantha recently met with her at...
71
cards
G.57 Gift, estate, and GST tax compliance and calculation
Scenario margaret is in the proce...,
Jessica recently set up a trust f...,
David intends to support his daug...
40
cards
G.58 Sources for estate liquidity
Which of the following is not a s...,
Which type of life insurance poli...,
Which of the following retirement...
20
cards
G.59 Types, features, and taxation of trusts
Which of the following is not a t...,
Samantha transfers 600 000 to an ...
2
cards
G.60 Marital deduction
0
cards
G.61 Intra-family and other business transfer techniques
Dr rodriguez is contemplating a t...,
Mrs chen owns a thriving retail b...,
Mr kumar wants to transfer his re...
12
cards
G.62 Postmortem estate planning techniques
Mr jones passed away without any ...,
Mrs smith recently lost her husba...,
After the death of mr thompson hi...
10
cards
G.63 Planning for divorce, unmarried couples and other special circumstances
Which of the following is not a c...,
When dividing marital assets duri...,
A couple who is not married but h...
9
cards
G.64 Planning for special needs and circumstances
Which of the following is a commo...,
What is the purpose of a letter o...,
Which of the following types of i...
20
cards
H. Psychology of Financial Planning (8%)
0
cards
H.65 Client and planner attitudes, values, biases
What is the main reason for a cli...,
Which of the following is not a b...,
How can a financial planner help ...
24
cards
H.66 Behavioral finance
Which of the following is not a b...,
Which of the following is an exam...,
Which of the following is not a h...
23
cards
H.67 Sources of money conflict
Which of the following is not a c...,
Which of the following is an exam...,
Which of the following is a commo...
20
cards
H.68 Principles of counseling
What is the primary goal of couns...,
Which of the following is not an ...,
Which of the following is not a t...
13
cards
H.69 General principles of effective communication
Which of the following is a key e...,
What is the purpose of using acti...,
Which of the following is an exam...
32
cards
H.70 Crisis events with severe consequences
In the event of a natural disaste...,
What should a financial planner d...,
How should a financial planner co...
15
cards
BIF Exam Missed Questions
0
cards
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Certified Financial Planner COPY
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