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Whichof the following statements about Financial Planners (or Financial Advisers) inAustralia is TRUE:
Which
of the following statements about Financial Planners (or Financial Advisers) in
Australia is
Inmost situations Financial Planners do not need to collect detailed informationabout the client’s goals and objectives in order to determine appropriatefinancial advice for their situation.
In
most situations Financial Planners do not need to collect detailed information
about the client’s goals and objectives in order to determine appropriate
financial advice for their situation.
Thereis a standardised exam to become a qualified Financial Planner in Australia.
There
is a standardised exam to become a qualified Financial Planner in Australia.
FinancialPlanners commonly accept percentage commissions on the investment products thatthey recommend to clients.
Financial
Planners commonly accept percentage commissions on the investment products that
they recommend to clients.
FinancialPlanners are not required to provide advice that is in the best interest oftheir client.
Planners are not required to provide advice that is in the best interest of
their client.
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