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Whether you are a newcomer or an old man with more experience, FP2 study materials will be your best choice for our professional experts compiled them based on changes in the examination outlines over the years and industry trends. FP2 test torrent: Financial Planning II (FPII) not only help you to improve the efficiency of learning, but also help you to shorten the review time of up to several months to one month or even two or three weeks, so that you use the least time and effort to get the maximum improvement.
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CSI Financial Planning II (FPII) Sample Questions:
Chris reviewed the current investment portfolio of his client, Judy. Chris determined that Judy needs a higher rate of return in order to retire within five years. Judy's portfolio is concentrated in fixed income instruments.
What is Chris's next step to help Judy achieve her retirement goal?
- A. Determine how Judy can achieve her retirement goal.
- B. Determine whether Judy can save more money.
- C. Determine the type of investments for Judy's portfolio.
- D. Determine an acceptable level of risk for Judy's portfolio.
Correct Answer: D 🗳️
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Peter and Anna have been feeling like their debt is out of control. They have several credit cards maxed out along with vehicle loans and are having trouble keeping up with all of the payments. The couple does not own a home, but both have stable employment. They are meeting with their financial advisor, Joy, to discuss options for their debt situation. What is the most suitable option for them?
- A. Bankruptcy.
- B. Automatic discharge.
- C. Line of credit.
- D. Consolidation loan.
Correct Answer: D 🗳️
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Shelley has been engaged in the financial planning process with her client Kim. Shelley has just obtained permission from Kim to refer her to a lawyer for estate planning considerations. What stage of the financial planning process are Shelley and Kim in?
- A. Implementing recommendations.
- B. Establishing the client/advisor relationship.
- C. Analyzing data and information.
- D. Collecting data and information.
Correct Answer: A 🗳️
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Kimberly, age 24, has few assets, and is single with no children. Kimberly has a 10-year-old niece Tanya who she would like her entire estate to be distributed to at death. She consults with her lawyer Jackie to write a will. What is the most important clause Jackie should add in Kimberly's will?
- A. Discretionary powers to divest assets, borrow from estate and to make investment decisions.
- B. Discretionary encroachment.
- C. Funeral instructions and requirement to pay all debts and obligations.
- D. Appointment of a guardian for a minor.
Correct Answer: B 🗳️
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Joshua and Marie are siblings who inherited an apartment building from their parents, which they now own jointly. They share the net profits equally, but they do not have a signed agreement. What ruling will the courts apply with respect to the existence of a partnership?
- A. They are deemed not to be partners because they do not have a written agreement.
- B. They are deemed to be partners because they share net profits.
- C. They are deemed not to be partners because they are operating at non-arm's length.
- D. They are deemed to be partners because they both have ownership in the apartment building.
Correct Answer: B 🗳️
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