Certified Financial Planner (CFP) Exam 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 505

Which circumstance does NOT require communication with a CFP® professional?

When a client's income decreases significantly

When a client has an additional child

When a client changes jobs

A client changing jobs typically requires communication with a CFP® professional. This transition can lead to changes in income, benefits, retirement plans, and tax implications, all of which may affect the client’s financial planning strategy. It’s an important opportunity for the CFP® professional to review the client's overall financial goals, assess how the job change impacts their financial situation, and determine if any adjustments to their plan are necessary.

The other circumstances mentioned—significant income decrease, having an additional child, and changes in marital status—also necessitate communication due to their substantial impact on a person’s financial situation and overall financial planning needs. Each of these changes could lead to reevaluating goals, budgeting, and potential tax implications, thus emphasizing the importance of maintaining an open line of communication with a financial planner.

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When a client's marital status changes

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