Financial Planner

Answer: B - In the 100 Series, Standard 100-1 states that the financial planning practitioner and the client should mutually define the scope of engagement before the financial planner provides any service to the client. For monitoring responsibilities, the financial planner and client should mutually define any responsibilities. You should obtain all quantitative information and documents before making or implementing any recommendations. You should always consider the client’s current financial situation before evaluating the client’s goals, needs, and priorities.