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CSI AFP-Exam-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Investment Planning | 17% | - Investment Theory - Investment Products - Asset Allocation - Portfolio Construction |
| Topic 2: Client Relationship and Practice Management | 6% | - Communication and Advisory Process - Practice Management - Client Discovery |
| Topic 3: Retirement Planning | 17% | - Retirement Income Strategies - Pension Plans - Registered Retirement Savings Plans - Retirement Needs Analysis |
| Topic 4: Risk Management and Insurance | 12% | - Risk Transfer Strategies - Risk Assessment - Disability and Health Insurance - Life Insurance |
| Topic 5: Professional Conduct and Regulatory Compliance | 10% | - Ethics and Professional Standards - Regulatory Requirements - Compliance Responsibilities |
| Topic 6: Tax Planning | 14% | - Tax-Efficient Strategies - Registered Plans - Income Tax Fundamentals - Tax Deductions and Credits |
| Topic 7: Asset and Liability Management | 11% | - Debt Management - Budgeting - Cash Flow Management - Personal Balance Sheet Analysis |
| Topic 8: Estate Planning | 13% | - Trust and Beneficiary Planning - Powers of Attorney - Estate Transfer Strategies - Wills |
CSI Applied Financial Planning Certification Exam 1 (AFP) Sample Questions:
1. Janet's non-registered account holds the funds listed in the following table:
Assuming a marginal tax rate of 45%, what amount of tax payable will Janet incur if she redeems the account to fund the purchase of a new business?
A) $4,500.
B) $5,625.
C) $9,000.
D) $6,750.
2. A client says she can emotionally tolerate a 30% portfolio decline, but she needs the money in 18 months for a home down payment and has no other savings. What should the planner conclude?
A) Her high tolerance automatically supports an all-equity portfolio.
B) Her tax bracket determines that equities are required.
C) Her risk capacity is low despite her stated tolerance.
D) Her investment experience is the only relevant factor.
3. A client sends an email alleging that a mutual fund recommendation was unsuitable because the fund declined sharply after purchase. The client asks for compensation. What is the financial planner's first professional obligation?
A) Document the complaint and follow the firm's complaint-handling procedure.
B) Delete the email if the account forms were signed correctly.
C) Promise reimbursement to preserve the relationship.
D) Remind the client that all investments can lose money and close the matter.
4. Jelena, age 32, is single and works as a partner in a law firm. She is meeting with her financial planner, May, as she would like to start investing. Her friend John talks about hot sectors in the stock markets and has recently brought up the cannabis sector. She has done some reading about this sector and is willing to experience large decline in her investments. Jelena also mentioned to May that she believes in high long-term returns. What conclusion can May draw based on their discussions about the stock market and Jelena's expectations?
A) Jelena has limited Investment knowledge and experience.
B) Jelena has limited investment knowledge but good experience.
C) Jelena has good investment knowledge but low experience.
D) Jelena has good investment knowledge and experience.
5. Harley is a novice investor who has just set up his first FHSA. He has a high-risk tolerance to market volatility and his primary investment objective is growth. He would like to invest $10,000 and will use the funds as part of the first-time home buyers plan within the next year. What investment should Harley purchase within this FHSA?
A) A one year locked-in GIC.
B) An equity focused mutual fund.
C) An income-focused mutual fund.
D) A high interest savings account.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: D |




