Question

All of the following statements are true EXCEPT:

a. The duty of care of a fiduciary involves acting in the best interest of the organization.
b. Rule 1.4 of the Rules of Conduct provides that a certificant has the duty of care of a fiduciary as defined by the CFP Board.
c. A certificant who is an employee/agent shall advise his or her current employer of any certification suspension or revocation received from the CFP Board.
d. All of the above are correct.

Answer 1

Answer: a. The duty of care of a fiduciary involves acting in the best interest of the organization.

Step-by-step explanation:

A Fiduciary is someone or an Organization who are given the legal right or duty to act on behalf of another person or group of people especially in terms of the management of assets whether financial or otherwise.

When a Fiduciary is acting on behalf of someone else they must at all times act only in the best interest of the person they represent and not the Organization they work for.