Question

1a.Maria Chen has been a client of yours for many years. In your quarterly meeting with Maria, you evaluate her
retirement portfolio performance and ensure that progress is being made as expected. Which part of the financial
planning process are you engaged in?

A. Monitoring Progress and Updating.

B. Understanding the Client's Personal and Financial Circumstances

C. Developing the Financial Planning Recommendations.

D. Implementing the Financial Planning Recommendations.

1b. All of the following are examples of qualitative information that should be collected by the financial planner EXCEPT:

A. Education goals

B. Risk tolerance

C. Client age and number of children

D. General attitude towards spending

1c. In a disability policy, the time between the disability event and the point at which benefits, under the contract,
begin is known as the:

A. Disabled Period.

B. Elimination Period

C. Discount Period.

D. Wait Room Period.

1d. Which of the following transaction is most likely to appear on a statement of net worth? (4-61)

All of the above.

Inheriting property other than cash.

Employer contributions made to a retirement savings account.

Appreciation in value of a primary residence.

Answer 1

Answer:-

1a)

A.Monitoring progress and updating

Explanation:-

The financial planning process are you engaged in monitoring plans.

1b)

C)client age and number of children

Explanation:-

client's age and the number of children is quantitative information planners can collect.

1c)

B)elimination period

Explanation:-

In a disability policy, the time between the disability event and the point at which benefits, under the contract is elimination period.

1d) All of the above

Explanation:-

Most likely to appear in net worth:-

Inheriting property other than cash.

Employer contributions made to a retirement savings account.

Appreciation in value of a primary residence