Topic 19

Question 0

Soft and hard facts

Answer 0

Hard facts- fam details, fin situation

Soft- objectives, feeling about future

Question 1

5 area of individuals fin needs and obj

Answer 1

Protect dep, premature death
Self and dep, a&s
Income in retirement
Increase or protect value of savings and inv
Mitigating tax

Question 2

Psycometric approach ?

Answer 2

Attitude to riskin general by assesing their knowledge, experiance, attitude
Validated statisticall