IFIC Mutual Funds Licensing Practice Exam · Question
A client, Mr. Chen, aged 45, expresses a strong desire to save for his children's post-secondary education. He plans for his eldest child, aged 10, to start university in 8 years. Which aspect of client profiling is most directly being addressed by this information?
Mr. Chen's desire to save for his children's education directly defines his financial goals and aspirations, which fall under Investment Objectives.
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Question: A client, Mr. Chen, aged 45, expresses a strong desire to save for his children's post-secondary education. He plans for his eldest child, aged 10, to start university in 8 years. Which aspect of client profiling is most directly being addressed by this information?
Answer options: ✅ Investment Objectives
- Risk Tolerance
- Income Needs
- Life Stage
Correct answer: Investment Objectives
Explanation: Mr. Chen's desire to save for his children's education directly defines his financial goals and aspirations, which fall under Investment Objectives.
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