For questions1-3, identify the stage of the financial planning process in which

Question

For questions1-3, identify the stage of the financial planning process in which the planner is engaged.

a. Analyze and Evaluate Client’s Financial Status

b. Monitor Plan

c. Establish and Define Client Relationship

d. Gather Client Data

e. Implement Financial Plan Recommendations

f. Develop and Present Financial Planning Recommendations

1. Your client, Donald, provides you with his tax returns from the previous year. ______

2. During their meeting with you, Johnny and June call the benefits office to adjust their tax withholding to better
suit their financial needs. ______

3. During your meeting with Jeff, you provide him with three education saving plans to choose from. ______

Explanation / Answer

STAGES OF FINANCIAL PLANNING PROCESS:

1.COLLECT STAGE-GATHER CLIENT DATA

2.ANALYSE STAGE- ANALUZE AND EVALUATE CLIENT'S FINANCIAL STATUS

3.DEVELOP STAGE- DEVELOP AND PRESENT FINANCIAL PLANNING RECOMMENDATIONS.

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