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Question # 36

A CFP® professional outsources portfolio management but retains client relationship responsibility. According to CFP Board Standards, the professional:

Options:

A.

Has no fiduciary duty if outsourcing

B.

Remains responsible for due diligence and oversight

C.

Is exempt from disclosure obligations

D.

Transfers liability to the sub-advisor

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CFP Overview

Name Financial Planner (CFP)
Code CFP
Vendor Finance, Insurance and Real Est
Certification Certified Financial Planner Board of Standards Inc. (CFP Board)

CFP Questions