Dalton quizzes Flashcards
No grants are available to graduate students, only LOANS. Lifetime Learning Credit is a credit for tax purposes, not financial assistance direct for education.
Parent PLUS Loans are loans for parents to pay for undergraduate course work.
Graduate parent loans are available for graduate school, but is not an answer choice.
Perkins loan program ended September 2017.
paraplanner
副规划师
According to the Standards of Conduct, the Private Policy is required to be in WRITING.
Suitability fact finding likely does not rise to requiring the financial planning process or implementation of the practice standards. The Practice Standards set forth the Financial Planning Process. A CFP® professional must comply with the Practice Standards when:
a. The CFP® professional agrees to provide or provides:
i. Financial Planning; or
II. Financial Advice that requires integration of relevant elements of the Client’s personal and/or financial circumstances in order to act in the Client’s best interests (“Financial Advice that Requires Financial Planning”); or
b. The Client has a reasonable basis to believe the CFP® professional will provide or has provided Financial Planning.
fiduciaries.
adj. 受托的；信托的
n. 受托人
Federal authorities govern the insurance industry in the following instances and manner:
through the Internal Revenue Codes, through Securities Exchange Commission, and through the Employees Retirement Income Securities Act.
A Federal Supplemental Educational Opportunity Grant (FSEOG):
is a grant for undergraduate students with exceptional financial need.
The standard deposit insurance amount is $250,000 per depositor, per FDIC-insured bank, per ownership category
SIPC insurance limits. Generally, SIPC covers up to $500,000 per account per brokerage firm, up to $250,000 of which can be in cash. (e.g. Mutual Fund with SIPC)
Federal Deposit Insurance Corporation (FDIC) insurance and Securities Investor Protection
Securities Investor Protection Corporation (SIPC)
custodial services
托管服务
In a situation where someone has undertaken activities or actions that bring about extraordinarily hazardous circumstances, the term that would best describe this situation is absolute liability.
Vicarious liability: 替代责任
Res ipsa loquitor.: 唇语
Two fairly common defenses used against charges of negligence have been:
contributory negligence 共同疏忽 and assumption of risk.
Today, more and more we are seeing cases presented on a comparative negligence basis. This allows one to collect even if one party did in some way contribute to the accident.
A planner is may provide Material Conflicts of Interest orally or in writing.
a planner must provide their privacy policy in writing.
all types of compensation disclosures must be in writing for a financial planning engagement.
terms of the engagement must be in writing.
What document must be disclosed in writing whether providing Financial Advice or providing Financial Planning?
A)The date and duration of the plan.
B)The Private Policy.
Rationale
Answer: B
According to the Standards of Conduct, the Private Policy is required to be in writing.
A, C and D are incorrect because these items may be disclosed in writing or orally for Financial Advice according to the Standards of Conduct.
C)The names of each party involved.
D)The terms of terminating the agreement.
However a new scope of engagement is not required when a client changes their risk aversion.
Pension funds are governed by PBGC (also known as the Pension Benefit Guarantee Corporation) and ERISA (also known as the Employees Retirement Income Security Act) rules as to reporting and requirements on the federal level. Option “IV” - Organized stock exchanges are regulated by the U.S. Government agency, the Securities Exchange Commission (SEC).
outlines information that must be provided to a client when a CFP® professional is providing financial advice or engaging in financial planning. This information must be provided PRIOR to the process beginning.
notarized statement: 公证声明
malfeasance: n. 渎职；不正当；不法行为
Reasonable and customary fees for custodial services are not sales-based compensation (12.b.ii) and are not required to be specifically disclosed.
