Final answer:
Madison, as a CFP℠ professional, provides services such as upholding fiduciary duty, assisting with personal financial literacy, and managing financial accounts, all of which align with the CFP Board Code and Standards. The correct answer is option C.
Step-by-step explanation:
Madison, a Certified Financial Planner℠ professional, provides a variety of services in her Registered Independent Advisory firm. According to the CFP Board Code and Standards, a relevant element of financial planning that she provides would be to uphold fiduciary duty when providing financial advice. This includes acting in the best interest of her clients, providing financial advice that is in their best interests, and disclosing any conflicts of interest. The fiduciary duty covers various aspects of financial planning, such as developing strategies to become a low-risk borrower, helping clients comprehend and improve their personal credit scores, and demonstrating how to maintain financial accounts responsibly.
In addition to fiduciary responsibilities, Madison may also assist her clients with other personal financial literacy elements such as teaching them ways to be wise investors, how to begin a savings program, and how to maintain a checking account. Further, she may offer advice on obtaining loans, the obligations of borrowing money, and strategies for avoiding credit card debt.