easy · Certified Financial Planner Professional Conduct
A planner is engaged by the Crowe household solely to provide advice on the reallocation of a single $45,000 brokerage account. The engagement letter specifically excludes comprehensive planning.
Which statement regarding the planner's duties is correct?
- The planner is only required to meet the 'suitability' standard because it is not financial planning.
- The fiduciary duty applies in full even though the full Practice Standards do not.
- The Practice Standards apply in full because any investment advice is financial planning.
- Neither the fiduciary duty nor the Practice Standards apply to this limited engagement.
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