Financial Services Review CE Exam: Vol. 34 No. 2

Self-study exam based on a thorough understanding of articles published in Volume 34, Issue 2 of Financial Services Review, the academic journal of the Academy of Financial Services.

After reading and understanding the two articles required for this exam, the planner will understand:

1. U.S. Households’ Homeowners Insurance and Financial Well-being

• C.26. Insurance Policy and company selection
• b. Recommend appropriate insurance products, given a client’s stage in the life cycle, family circumstances and needs.

2. Financial Management Behavior Scale: A Re-Conceptualization for Emerging Markets

• H.65. Client and planner attitudes, values, biases
• c. Explain how a client’s values, including cultural and religious values and attitudes may impact their goals and the financial planning process.

3. Don’t They Know or Don’t They Care? The Role of Knowledge in Private Disability Insurance Purchase Behavior in Germany

• H.66. Behavioral finance
• b. Describe how a client’s psychology, such as their financial comfort zone, socialization, money beliefs, and past financial experiences and behaviors impact their objectives, goals, understanding, decision making and actions.

4. Effects of Investment Advice on Investment Trusts: Evidence from Individual Investors Using Japanese Banks

• H.66. Behavioral finance
• b. Describe how a client’s psychology, such as their financial comfort zone, socialization, money beliefs, and past financial experiences and behaviors impact their objectives, goals, understanding, decision making and actions.

Competency Level: Foundational

FPA Competency: Critical Thinking

CFP Board Topic: Psychology of Financial Planning

CFP Board CE Credit Hours: 4.5