IFIC Chapter 4 questions with verified
answers already passed
1. Must be achievable
2. Accommodate changes in lifestyle and income level
3. should not be intimidating
4. provide luxuries and rewards - correct answer ✔✔Financial planning involves analysis of
clients...
-age
-wealth
-career
-marital status
-taxation status
-risk tolerance
-investment objectives
Before that plan is prepared,there are four objectives that must be considered:
1. Establish the client-advisor relationship
2. Collect data and information
3. Analyze data
4. Recommend Strategies
5. Implement Recommendations
6. Periodic Review / Follow-up - correct answer ✔✔What are the 6 steps in the financial
planning process?
answers already passed
1. Must be achievable
2. Accommodate changes in lifestyle and income level
3. should not be intimidating
4. provide luxuries and rewards - correct answer ✔✔Financial planning involves analysis of
clients...
-age
-wealth
-career
-marital status
-taxation status
-risk tolerance
-investment objectives
Before that plan is prepared,there are four objectives that must be considered:
1. Establish the client-advisor relationship
2. Collect data and information
3. Analyze data
4. Recommend Strategies
5. Implement Recommendations
6. Periodic Review / Follow-up - correct answer ✔✔What are the 6 steps in the financial
planning process?
