A financial planner establishes the scope of the activity during the personal financial planning process through:
A)Determining the number of people in the household.
B)Defining the specific financial planning services that will be provided.
C)Determining the cash inflow to the household.
D)Determining the number of years until the client expects to retire.
E)None of the above.

Question

Quizplus · Accepted Answer

The financial planner establishes the scope of the activity during the personal financial planning process by defining the specific financial planning services that will be provided based on the client's goals, financial situation, and other factors. The other options may be important considerations in the financial planning process, but they do not directly establish the scope of the activity.

A Financial Planner Establishes the Scope of the Activity During