When a client comes to a financial planner, he usually
I. knows his objectives
II. knows general investment and tax saving strategies
III. doesn't know his current income needs
IV. knows the desired rate of growth of his funds

Question

When a client comes to a financial planner, he usually 
I. knows his objectives
II. knows general investment and tax saving strategies
III. doesn't know his current income needs
IV. knows the desired rate of growth of his funds

Quizplus · Accepted Answer

The statement that a client usually doesn't know his current income needs is the only option that is true. The other statements imply that the client has knowledge or awareness of their objectives, investment and/or tax-saving strategies, or desired rate of growth; however, this may not always be the case. It is the financial planner's job to assist the client in determining their objectives, risk tolerance, and overall financial situation.

When a Client Comes to a Financial Planner, He Usually