CFP® Practice Question: CFP Board’s Practice Standards

If a financial planner is unable to obtain all the relevant quantitative information and documents from the client needed to make recommendations, which of the following actions by the planner is acceptable under the CFP Board’s Practice Standards?

(1)  The planner may terminate the engagement.

(2) The planner may limit the scope of the engagement.

A.  (1) only

B.  (2) only

C.  Both (1) and (2)

D.  Neither (1) nor (2)