Purpose of FP Flashcards
1
Q
Goal of FP
A
Maximize the clients potential
2
Q
Purpose of FP
A
Develop and meet goals
3
Q
clients needs
A
develop goals 🥅
manage assets and liabilities
manage cash flow 💶
identify and manage risks 😬
4
Q
clients needs
A
health considerations
educational needs
achieve financial security
preserve or increase wealth
5
Q
clients needs
A
tax considerations
retirement
philanthropy
estate and legacy
6
Q
FP Subject matter areas
A
statement prep and analysis
education planning
insurance planning & risk mgmt
employee benefits planning
investment planning
income tax planning
retirement planning
estate planning
