Prior to Engaging the Services of a Financial Planner, an Introductory

question 1

Multiple Choice

Prior to engaging the services of a financial planner, an introductory meeting between the financial planner and the client is normally arranged and serves a number of purposes including to:

• A) establish the relationship between the planner and the client.
• B) provide the planner with an opportunity to learn about the client, the client's cir?cumstances and needs and to determine what the client is hoping to accomplish from the relationship.
• C) provide the client with an opportunity to learn about the planner and the services they offer and whether the planner is likely to be able to satisfy the client's requirements.
• D) all of the above.

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Definitions:

Fair Market Price

The price of a good or service that is agreed upon by both buyer and seller, under conditions where both have reasonable knowledge of the pertinent facts and neither is under compulsion to transact.

Financial Loss

The decrease in monetary value resulting from an event, transaction, or series of transactions.

Greenmail

A strategy used to shake off a bidder’s hostile suit by offering to buy, at significantly higher cost, the portion of stock already owned by the bidder who is trying to take over the company.

Valuable Piece

An item considered to have significant monetary or sentimental worth.