Question

2.85 points Save As Max Denison recently came to your office for his second appointment after receiving your engagement letter. During the meeting you collect several documents from him induding his prior year tax returns, estate planning documents, and investment statements and history. You also worked with him on identifying his goals and objectives. Which of the following is the next step in the financial planning process? O a. Establish and define the client relationship b. Analyze and evaluate the client's financial status. c. Implementing the financial plan recommendations d. Developing and presenting the financial plan recommendations

Answer 1

b.Analyse and evaluate the client's financial status.

The following are the steps in financial planning process:

Establish the goal / relationship

Gather data

Analyze data

Plan development

Plan Implementation

Monitoring the Plan.

Here since it is the second visit of Max it can be said thatn Relation ship is established.

Data is gathered during the meeting.

So the next step will be to Analyse and evaluate the client's financial status.