medium · Certified Financial Planner Investment Planning
Ishikawa's planner identifies a strategy that would save the client $12,000 in annual taxes but requires the client to pay a 5.5% commission to the planner's brother, who owns the underlying product. The planner does not disclose this relationship.
Which rank of the 2026 CFP Board Practice Standards has been breached first?
- quantitative optimization only after higher duties are met
- the applicable professional standard: Process
- disclosure obligations
- the applicable professional standard: Loyalty
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