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Applied Financial Planning Certification Exam 1 (AFP)

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Applied Financial Planning Certification Exam 1 (AFP) Questions and Answers

Questions 1

A client sends an email alleging that a mutual fund recommendation was unsuitable because the fund declined sharply after purchase. The client asks for compensation. What is the financial planner’s first professional obligation?

Options:

A.  

Promise reimbursement to preserve the relationship.

B.  

Remind the client that all investments can lose money and close the matter.

C.  

Delete the email if the account forms were signed correctly.

D.  

Document the complaint and follow the firm’s complaint-handling procedure.