Week 9 IA tutorial

1.      The role of the financial planner in determining a client’s personal and financial goals, needs

and priorities is to                                         .

• a.     define the financial goals for the clients

• b.     explore the personal values and attitudes of the clients

• c.     persuade the client that certain goals and objectives are unachievable

• d.     facilitate the goal-setting process in order to clarify the goals and objectives with the client

2.      In setting the financial goals of the clients, a financial planner should differentiate between the

            and      of the clients.

• a.     attitudes, expectations

• b.     needs, wants

• c. needs, priorities

• d.     wants, priorities

3.      Which of the following factors should be considered in formulating financial goals for clients?

I.      Following the mutually defined principles

II.     Preparing emergency cash

III.    Helping clients prioritise their goals

IV.   Encouraging clients to maximize returns during the retirement stage

• a.     I, II, and III

• b. II and III

• c. I, III, and IV

• d. I, II, III, and IV

4. 4.    Which of the following statements with regard to collecting client information is TRUE?

   I.      It helps to understand the client’s financial situation and objectives.

   II.     Collecting client information enables the financial planner to suggest a reasonable and practical financial plan to the client

   III.    The relevant information can be collected by the financial planner while undergoing financial analysis and planning

   IV.   A financial planner should stop providing financial service to the client if the client cannot provide a certain part of the necessary information.

• a. I and II

• b. I and IV

• c. I, II, and III

• d. I, II, and IV

5. 5. Which of the following are the inputs of the data form for regular income and expenditure?

   I.      Bonds

   II.     Interest income

   III.    Insurance premium

   IV.   Securities

   V.    Personal loan

   VI.   Gifts

   VII.  Occupations

• a. II and III

• b. II, III, IV, and VIII

• c. I, II, IV, and V

• d. II, III, and VI