In our volatile economy, many people need good advice on developing a solid financial plan. Perhaps its time for a certified financial planner, a well-trained professional, to help you design a personal financial plan. Test your knowledge about certified financial planners by taking this quiz.
Question 1 of 20
Who actually needs the services of a certified financial planner (CFP)?
Question 2 of 20
A CFP can be a very good investment for anyone that:
Question 3 of 20
How does a CFP decide the best way to help a client?
Question 4 of 20
What can you expect from a CFP after the work of setting a financial plan is finished?
Question 5 of 20
What is the purpose of the Certified Financial Planner Board of Standards in the United States?
Question 6 of 20
In order to be designated as a CFP, candidates must meet educational requirements and then pass:
Question 7 of 20
How many kinds of CFPs are there?
Question 8 of 20
If you hired a fee-only CFP, how would you be charged?
Question 9 of 20
What is the typical range of hourly rates for a fee-only CFP in the United States?
Question 10 of 20
What do financial experts recommend when it comes to hiring a CFP?
Question 11 of 20
What can be a negative aspect when attempting to hire a fee-only CFP?
Question 12 of 20
What is a disadvantage of working with a commission-only CFP?
Question 13 of 20
Approximately how many CFPs are there in the United States?
Question 14 of 20
If you hire a CFP based on a flat fee payment to produce a financial plan, what should you expect to pay?
Question 15 of 20
Once you decide that you would like to hire a CFP, how do you find a reputable one?
Question 16 of 20
What else should you do before you select a CFP to work with you?
Question 17 of 20
What piece of knowledge do you need when you head out to start your interviews?
Question 18 of 20
What do you need to find out about your CFP if you require their advice on investment options?
Question 19 of 20
You have done your homework and like a CFP that is based in a large office, what else do you need to know before you sign on?
Question 20 of 20