John, a CFP® professional, works for a firm requiring that any investment products offered to a client be proprietary products of the firm. Jack, his client, is 55 years old and has a moderate risk tolerance. John’s firm has an S&P500 index fund with a reasonable fee structure. John has discussed the fund’s performance and costs with Jack and they have agreed that 60% of his equity portfolio will be allocated to this index fund. Which of the following is true according to the Code of Ethics?

		a. John is prohibited from providing financial planning or material elements of financial planning because he may not be able to offer the client the best available option.
		b. John may provide financial planning or material elements of financial planning as long as the limitations concerning the proprietary products are discussed with Jack.
		c. John may provide financial planning or material elements of financial planning but the limitations concerning the proprietary products must be disclosed and it must be in writing to Jack.
		d. John could enter into a limited engagement related to Jack’s specific insurance needs next year with no written disclosures other than those required by regulatory bodies.