Question: Question 3 Financial planning is a process-driven service aimed at helping clients to achieve their life goals. Financial planners have to follow the process as

Question 3 Financial planning is a process-driven service aimed at helping

Question 3 Financial planning is a process-driven service aimed at helping clients to achieve their life goals. Financial planners have to follow the process as prescribed by the Financial Planning Association and backed by ASIC. (c) Explain why financial planning has its roots in the life-cycle theory of consumption and saving. Explain the how financial planning interconnects within the context of life-cycle theory

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