John is permitted to offer financial planning, but Jack must be informed in writing of any restrictions relating to the proprietary goods.
Financial planning is the process of determining how a company will be able to afford to accomplish its strategic goals and objectives. A business often creates a financial strategy as soon as it decides on its vision and goals.
A methodical strategy called financial planning may help you keep track of your finances, budget your spending, and make plans for investing and saving. A financial plan addresses retirement and estate planning, as well as budgeting, mortgages, insurance, investments, and taxes. It also makes preparations for unanticipated hazards and dangers.
Complete question:
John, a CFP® professional, works for a firm requiring that any investment products offered to a client be proprietary products of the firm. Jack, his client, is 55 years old and has a moderate risk tolerance. John's firm has an S&P500 index fund with a reasonable fee structure. John has discussed the fund's performance and costs with Jack, and they have agreed that 60% of his equity portfolio will be allocated to this index fund. Which of the following is true according to the Code and Standards?
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