Acting in the Best Interests of the Client Is Required

question 16

Multiple Choice

Acting in the best interests of the client is required of the financial planner by the:

• A) Corporations Act for all financial product recommendations to clients over a minimum value of $25,000.
• B) Financial Planning Act for all financial advice recommendations to clients over a minimum value of $25,000.
• C) Financial Planning Association for all financial advice recommendations to clients where practical to do so.
• D) none of the above.

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Definitions:

Median

The middle value or number in a set of data when it is ordered in ascending or descending order.

Radial

relates to the radius bone or the radial artery, often referring to structures extending like a radius from a center.

Ulnar

Pertaining to the ulna, one of the two long bones in the forearm, on the side opposite the thumb.

Autonomic Motor Reflexes

Involuntary actions mediated by the autonomic nervous system, controlling bodily functions not consciously directed, like heart rate and digestion.