What Is the First Step in the Financial Planning Process

question 12

Multiple Choice

What is the first step in the financial planning process?

• A)Gather data.
• B)Communicate investment objectives to client.
• C)Identify household spending.
• D)Identify household goals and needs.
• E)None of the above.

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Definitions:

Self-Defense

The act of defending oneself, one's property, or another person from physical harm using reasonable force or defense.

Fifth Amendment

An amendment to the U.S. Constitution that provides several rights relevant to both criminal and civil legal proceedings, including protections against self-incrimination and double jeopardy, and the right to due process.

White-Collar Crime

Non-violent crimes committed by individuals, professionals, or businesses, typically involving financial deception or fraud.

RICO

The Racketeer Influenced and Corrupt Organizations Act is a federal law designed to combat organized crime in the United States.