Financial Adviser's Consent and Confidentiality

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What does the Standard require you to take into account when advising clients?

Only the client's current financial situation

Only the client's personal interests

The interests of other financial advisors

The broad effects of the client acting on your advice (correct)

When advising clients, what must you consider according to the Standard?

The client's social media presence

The client's current financial situation and long-term interests (correct)

Only the client's investment goals

The client's family members' interests and circumstances

What is a key aspect of the Standard's requirements for financial advisers?

Inquiring into the client's long-term interests and potential future circumstances (correct)

Only providing advice on high-risk investments

Providing advice solely based on the client's age

Only considering the client's current financial situation

Why must you consider the client's family members when advising?

Because their circumstances may be impacted by the client's actions Signup and view all the answers

What is an example of a factor that must be considered when advising clients?

The client's potential need for aged care accommodation in the near future Signup and view all the answers

What is a key requirement of the Standard in terms of investment recommendations?

Recommendations must be limited to 'ethical' or 'responsible' investments Signup and view all the answers

What is the purpose of considering the client's long-term interests and potential future circumstances?

To provide a more comprehensive financial plan Signup and view all the answers

What is a consequence of not considering the client's family members when advising?

The client's family members may not be considered in the advice Signup and view all the answers

What is the primary focus of the Standard in terms of financial advice?

Considering the client's long-term interests and potential future circumstances Signup and view all the answers

Why must you consider the broader effects of the client's actions when advising?

Because the client's family members may be impacted Signup and view all the answers

Financial Adviser's Consent and Confidentiality

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Questions and Answers

What does the Standard require you to take into account when advising clients?

When advising clients, what must you consider according to the Standard?

What is a key aspect of the Standard's requirements for financial advisers?

Why must you consider the client's family members when advising?

What is an example of a factor that must be considered when advising clients?

What is a key requirement of the Standard in terms of investment recommendations?

What is the purpose of considering the client's long-term interests and potential future circumstances?

What is a consequence of not considering the client's family members when advising?

What is the primary focus of the Standard in terms of financial advice?

Why must you consider the broader effects of the client's actions when advising?

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