Working with Older Clients in the Investment Planning Process Is

question 6

Multiple Choice

Working with older clients in the investment planning process is _____,and if acting as a fiduciary,the adviser needs to be _____ for potential elder fraud,financial abuse,and exploitation.

• A)Difficult / defended.
• B)Difficult / vigilant.
• C)Rewarding / defended.
• D)Rewarding / vigilant.

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Definitions:

Earnings Per Share

A financial metric indicating the portion of a company's profit allocated to each outstanding share of common stock, measuring its profitability on a per-share basis.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.

GAAP

Stands for Generally Accepted Accounting Principles, which are a collection of commonly-followed accounting rules and standards for financial reporting in the United States.

If Converted Method

An accounting method used to calculate diluted earnings per share, assuming all convertible securities were converted to common stock.