Acting in the best interests of the client is required of the financial planner by the:
A) Corporations Act for all financial product recommendations to clients over a minimum value of $25,000.
B) Financial Planning Act for all financial advice recommendations to clients over a minimum value of $25,000.
C) Financial Planning Association for all financial advice recommendations to clients where practical to do so.
D) none of the above.
Correct Answer:
Verified
Q4: The 'know your client' process is integral
Q5: The three types of SOAs used by
Q6: The balance sheet, income statement and cash
Q7: In relation to which document supplied by
Q8: Consistent with RG 168, when documenting the
Q10: Problems or conflicts that may arise between
Q11: A record of advice (ROA) can be
Q12: The legislation that specifically sets out how
Q13: Examples of assumptions that are often required
Q14: When implementing agreed-upon recommendations in the SOA,
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