AFP Exam 1 Practice Questions - CSI Applied Financial Planning Certification Exam 1 (AFP Exam 1) Exam

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Which statement best describes KYC and know-your-product (KYP) expectations for a Canadian financial planner recommending investments?

Gather and update client information and understand product features, risks, costs, and suitability before recommending Complete KYC once at account opening and never update it Rely solely on a client’s verbal risk tolerance without documenting objectives or time horizon Recommend any popular ETF without reviewing costs or risks

Correct Answer:

Gather and update client information and understand product features, risks, costs, and suitability before recommending

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