Investment Advice

Question 1

What are the 6 stages of personal financial practices?

Answer 1

-establish relationship
-gather client data, determine goals, expectations.
-annalyise and evaluate the clients’ financial position
-develop and present plan
-implement the plan
-monitoring the plan and relationship

Question 2

What are more financial planners using for gathering client data and determining goals and expectations?

Answer 2

Cash-flow analysis to determine a customer’s required inflows and outflows.

Question 3

What are the levels of developing and presenting the financial plan?

Answer 3

Selecting the appropriate tax wrapper (ISAs, Pensions, Collective Investment Funds, Insurance Based Products, Private Equity)
Selecting the right asset allocation
Selecting the right fund