Which area accounts for 10% of the exam focusing on business ownership?

The area that accounts for 10% of the exam focusing on business ownership is associated with Planning for CHB Owners. This area involves understanding the unique financial planning needs of business owners, particularly those who may be involved in closely-held businesses (CHBs). It encompasses various considerations such as succession planning, tax implications, asset protection, and the integration of business and personal financial strategies.

Planning for CHB Owners is critical because business ownership significantly affects personal financial situations. Business owners must navigate complexities that arise from their ownership, including liquidity issues, value assessment, and the potential impact of business performance on their overall wealth. This part of the exam emphasizes the necessity to tailor financial plans to reflect an individual's business-related financial exposure and goals.

The areas relating to retirement management, charitable giving and endowments, and planning for executives, while important, do not specifically target the niche of business ownership in the same way that Planning for CHB Owners does. Hence, its definitive focus on the unique challenges and strategies pertinent to business owners justifies its designated weight on the exam.