The Rules of Engagement, Part 2

Adkins, Rick
March 2010
Journal of Financial Planning;Mar2010, Vol. 23 Issue 3, p30
Academic Journal
The article explores the additional obligations for certified financial planners (CFPs) who have practiced financial planning when engaging with their clients in the U.S. It mentions that financial planning would be necessary if the material elements are not given to a client simultaneously, are given for a span of time, or are delivered as foreign objects. It states that providing a written financial plan is not necessary when engaging in financial planning. It discusses the four-step process of financial planning engagement, which are provision of verbal and written explanations of what the financial planner could provide, written disclosures of information, written agreement for the engagement, and timely disclosures of changes.


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