What are the six steps of the financial planning process and explain what information you will provide
Question:
What are the six steps of the financial planning process and explain what information you will provide to your client for each of the step to ensure that client have understood the whole financial planning process.
Q. Explain how the client can determine the reputation of the financial advisers of your company?
Q. How do you find out about client's financial and special needs and develop a list to make appropriate referrals for those special services which you are not authorized to give advice?
Q. Develop a fee structure to present to your client as a financial adviser when providing advise.
Q. Explain if financial advisers are required to disclose any commissions that they would receive.
Q. How and when does the Fee Disclosure Statement need to be presented to your client.
Q. Outline financial company's procedures for internal and external complaints handling and resolution to the client
Expert Answer:
A The six steps of the financial planning process are 1 Goal Setting During this step you will discuss with your client their goals and objectives helping them to prioritize and define their overall f... View the full answer
