Fpqp Module 1 Study Guide Rated A+

Criteria to call yourself a financial planner? {Ans: None}What is the brochure rule? {Ans: RIAs must provide an ADV part 2 form}PTA meaning (for goals) {Ans: Purpose Time frame Amount}9 areas of financial planning {Ans: Developing goals Cash and debt management Risk management and insurance planning Education needs Group benefits planning Investment planning Retirement savings and income planning Tax planning Estate planning}How many months of liquid assets should a client have? {Ans: Six}Seven steps of the personal financial planning process {Ans: 1. Understanding the client's personal and financial circumstances 2. Identifying and selecting goals 3. Analyze course of action and potential course of action 4. Develope financial planning reccomendations 5. Present reccomendations 6. Implement reccomendations 7. Monitor and update}