How can financial planner collect information about clients

Assignment Help Financial Management

Reference no: EM131943382

1. John is 35 years old and recently married with Eva. After they got married, they are considering to have their first child in 2 years and save for a deposit to buy an apartment. Which lifecycle stage is John likely in?

a. Wealth accumulation phase

b. Early family formation

c. Approaching retirement

d. Post retirement

e. Saving versus consumption phase

2. How can a financial planner collect information about their clients?

a. Through other professionals or service providers of the clients, e.g. a client’s accountant or superannuation fund

b. All of the answers

c. Through conversations and chats

d. Questionnaire instruments such as Factfind or Financial Needs Analysis (FNA)

Reference no: EM131943382

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