Skip to content

CFP® Practice Question of the Week: Sensitive Information

A CFP® professional observes that John and Barbara are constantly living a few steps ahead of their means. They assure the CFP® professional that they will reign in their spending, but their credit card balances continue to rise. All of the following are acceptable strategies EXCEPT:

  1.   Terminate the relationship with the clients
  2.   Document their inability to take advice to guard the practice from risk
  3.   Counsel the clients on credit card balance transfer strategies
  4.   Ask their son to talk to his parents about their spending habits and accumulated debt