Practice Quiz

Financial Planner

Category - General Principles of Financial Planning

Start a Study Session Sign up for Question of the Day
When should you first present alternatives to the client?
  1. Only if the client requests alternatives
  2. When you present your financial planning recommendations
  3. After presenting financial planning recommendations and receiving client feedback
  4. After monitoring the client’s progress towards goals for a specified period
Explanation
Answer: B - After you analyze and evaluate the client’s financial status, you should develop your recommendations for the client. This should include your recommendations and any alternatives. If the client requests alternatives at any point during the process, including after monitoring progress, you should present the client with alternatives also at that point. However, the first step where you present alternatives is when you present your recommendations.
Was this helpful? Upvote!
Login to contribute your own answer or details
Start a Study Session Sign up for Question of the Day

Top questions

Related questions

Most popular on PracticeQuiz