Question: A young, single client approaches a CFP professional with $5,000 stating that he would like to develop a financial plan and invest in the market.

A young, single client approaches a CFP® professional with $5,000 stating that he would like to develop a financial plan and invest in the market. This is his first experience investing and he like help choosing he appropriate account. What is the CFP® professional's most appropriate course of action?
a. Open a brokerage account with margin.
b. Open and fund a Roth IRA for the current year.
c. Determine whether the client has any consumer debt.
d. Determine whether the client has adequate life insurance.

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