1. All of the following are objectives of a financial plan except...

   1. a) It must be complex.

   2. b) It must be achievable.

   3. c) It must accommodate small changes in lifestyle.

   4. d) It must provide for some luxuries as well as necessities.

2. After establishing the client-advisor relationship, the next step in the financial planning process is to...

   a) collect data and information. b) analyze data and information. c) recommend strategies to meet goals. d) prepare the investment policy statement.