Hs 300 Financial Planning

Front 1

What are the 7 principle standards

Back 1

1. Integrity 2. Objectivity 3. Competence 4. Fairness 5. Confidentiality 6. Professionalism 7. Diligence

Front 2

Describe Domain 1 of the CFP Code of Ethics

Back 2

Establish and define relationship
100-1 Define scope of the engagement

(Fairness and Diligence)

Front 3

Domain 2 of Code of Ethics

Back 3

Determine goals and gather data
200-1 Determine client's personal and financial goals
200-2 Obtain quantitative info
(Diligence)

Front 4

Domain 3 Code of Ethics

Back 4

Analyze and evaluate the data
300-1 Analyze data

(Objectivity, Competence, Diligence)

Front 5

Domain 4 and 5 of Code of ethics

Back 5

Develop recommendations and communicate them.
400-1 Identify and evaluate
400-2 Develop plan
400-3 Present info

Front 6

Domain 6 of Code of Ethics

Back 6

Implement the Plan
500-1 Agree on implementation
500-2 Select the products and services

(all including Professionalism)

Front 7

Domain 7 of Code of Ethics

Back 7

Monitoring the Plan
600-1 Define monitoring responsibilities

(Diligence)

Front 8

altruism

Back 8

unselfish regard for the for the welfare of others

Front 9

loss aversion

Back 9

the preference for certain outcomes over uncertain outcomes.

Front 10

risk

Back 10

1. the various consequences of each alternative are known
2. their exact probabilities can be specified.