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

Quantitative data refers to information that can be measured and expressed with numbers, allowing for statistical analysis and objective comparison. In the context of the options provided, copies of trust documents and wills represent a form of quantitative data in that they can be associated with specific values, amounts, and numerical characteristics, such as the total value of assets listed or the number of beneficiaries.

Trust documents and wills typically contain explicit, quantifiable information about the distribution of assets, the monetary values associated with property, and obligations laid out in numerical amounts. This level of detail enables financial planners to assess the financial implications of estate planning and the distribution of wealth.

In contrast, client health status, changes in current lifestyles, and risk tolerance levels are more subjective and qualitative in nature. They cannot be measured with precise numerical values in the same way as legal documents can. Therefore, the other options do not fit the definition of quantitative data as closely as the copies of trust documents and wills do.