A self-assessed risk-averse client wants to accumulate wealth. Of the following, which is the most critical action the personal financial planner should accomplish to assist the client in the achievement of the goal of wealth accumulation?

A. Invest the portfolio in 100 percent cash equivalent securities because it is the most risk-averse strategy.

B. Invest the portfolio in diversified mutual funds because diversity provides reduction in risk.

C. Invest the portfolio in securities which will bring the highest return to the client, regardless of risk.

D. Invest the portfolio only after determining the client’s risk tolerance.