The Client's Financial Objectives Flashcards Preview

5. Client Advice > The Client's Financial Objectives > Flashcards

Flashcards in The Client's Financial Objectives Deck (2)
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Typical Client Objectives (Investment Advice / Financial Planning)

Protection - home / life insurance
Borrowing - obtain mortgage
Savings + Investment - invest for income, save to build capital
Retirement - specific age with specific income
Estate Planning - reduce inheritance tax

Determine Objectives - Quantify in Financial Terms


Prioritising Objectives and Affordability

Affordability - constraint that means clients need to prioritise their financial goals and agree a priority order

By preparing a cash flow statement, a surplus allows savings plans, repaying mortgage debt

A deficit may cause revised priorities or timescales