After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial planning process were you engaged in? Developing the financial planning recommendations. Identifying and selecting goals. Analyzing the client's personal and financial circumstances. Presenting the financial plan recommendations

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Business

Ricky

20 October, 22:08

After meeting with your new client, you prepared his statement of financial position and pie charts. Which part of the financial planning process were you engaged in? Developing the financial planning recommendations. Identifying and selecting goals. Analyzing the client's personal and financial circumstances. Presenting the financial plan recommendations

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Answers (1)

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Aria Potter · Answer 1

Analyzing the client's personal and financial circumstances.

Explanation:

The Financial Planning process is the process involved in planning and formulating certain strategies for the client. The professionals' design plannings and strategies based on the financial situation of the client. They consider every aspect of the financial situation of the client. There is a total of six steps involved in the planning process. Analyzing and evaluating the financial status of the client comes under the third step.