Week 1: Principles & Environment Flashcards
1
Q
Human Capital
A
The collective skills, knowledge or other intangible assets of individuals that can be used to create economic value for the individuals, employers or community
2
Q
Financial Planning Process
A
- Set objectives
- Measure financial position
- Research options
- Act
- Review regularly
3
Q
Independent Financial Adviser
A
- Offer advice on full range of products from any provider
- Undertake a fair and comprehensive analysis
- Free from any influence
4
Q
Restricted Financial Advisers
A
- Only recommend certain types of product
- Only products from limited number of providers
