Question

11/27/19

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Please find the Open Educational Resources websites under Course Information. Find the CFP Board website. Under the tab “About CFP Board”, there is a link for Consumer Resources. There are 10 questions listed to ask your Financial Advisor. Please list them and comment on why you think each is important.

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here are 10 questions listed to ask your Financial Advisor. Please list them and comment on why you think each is important 1. What experience do you have? 2. It is important to know what kind of experience the financial has so that you are sure that have done that kind of work before 3. What qualifications do you have? What financial planning services do you offer? 5. What is your approach to financial planning? 6. What type of clients do you typically work with? 7. Will you be the only financial planner with me? 8. How will I pay for your financial planning services? 9. How much do you typically charge? 10. Do others stand to gain from the financial advice you give me?

Answer 1

classmate Date Page 5 What is approach of financial planning?_ one should know about approach 4 Financial planning ered by Dinancial advisor, so that approach will best it to the Standard operating procedures within the Company. 6What type of clients do you typically work with Based on the clients Financial advisor worked with we will be able to know that he has worked in the Industry in which company is operating . so that the aduise will be followed without any doubt Will you be the only financial planner with me?_ This question is required to be asked, & inor- der to know whether Financial advisor is willing to provide services to our company. 8) How will I have to pay for your financial planning Services? In order to know about basis of payment ego Charging hourly basis (01) per assignment basis.etsy How much do you typically charge ? being In order to know the amount Charged: by the Financial Advisor eg50,000 per assignment 961) 1000 per bour ethy 10. Do others stand to gain from the Financial advise you gave to me? To order to contion that nopthers are being hebited by Financial eduite given to us.

Answers elsted, to be asked to financial Importance of each queshim Advisor What experience do you have ? Experience helps one. Individual to take an informed decisions as and when Xesuired in the company at... any stage of company (whether crucial decisions or Ely operational decision). 2) Is it important to know ; What kind of experience the Financial bas, so that you are sure that have done that work before? Yes, it is important to know what kind of experience Financial advisor has for eg t financial advisor has experience on Invest- ement decisions like Capitay budgeting but we need the advisory on arbitrage of Investements in Stocks Then there is less chances of financial advisor making Informed decision 3) what qualitications do you have ? As qualibications are needed in a particulae field We need advise, It will not be good it an engineering graduate giveng a financial Advise to the company - He may have learned through work experience but Financial there will be dibberence of advices given by Financial graduate and engineering Graduate. 4) What Financial Planning Services do you offer? This is very important, la company has to knows that whether Financial Advisor is providing Services which was required by company.