Reference no: EM132724620

Please find the Open Educational Resources websites under Course Information. Find the CFP Board website. Under the tab "About CFP Board", there is a link for Consumer Resources. There are 10 questions listed to ask your Financial Advisor. Please list them and comment on why you think each is important.

https://www.cfp.net/news/2020/01/10-new-frequently-asked-questions-on-cfp-board-code-and-standards

These are the questions listed to ask your Financial Advisor:

1. Will a CFP professional who has collected the information required under the Financial Industry Regulatory Authority's ("FINRA") know Your Customer Rule be deemed to have engaged in Financial Planning?

2. What does the Code and Standards require of a CFP professional who recommends the selection of additional person to provide financial and professional services for a client?

3. What is a CFP professional's duty under the new Code and Standards when representing compensation method?

4. Will the CFP professional be required to notify clients about the loan or loan forgiveness under the Code and Standards during COVID-19 Crisis?

5. May a CFP professional provide that information by email and by posting the information on the CFP Professional Firm's website?

6. What information must CFP professionals provide to existing and new clients now that the new Code and Standards became effective on October 1, 2019?

7. What are a CFP professional's disclosure requirements under the new Code and Standards ?

8. What does CFP Board's Fiduciary duty require?

9. Does the Fiduciary duty in the Code and Standards apply to a one-time recommendation (either a brokerage or insurance recommendation)?

10. What does this entail and in what format does the CFP professional need to convey that disclosure to the client?