Erin is a young professional at the very beginning of her career. Eager to start

an investment plan, she meets with a financial advisor. The advisor records

Erin's personal information, occupation and income, and establishes her net

worth. He then goes over different types of investments Erin may be

interested in$.$ She likes the tax advantages of RRSPs and decides to start

contributing to a plan. Given Erin's age, and because she has a long$-$term time

horizon, the advisor recommends she invest solely in equity segregated

funds. He provides Erin with the information folder and helps her review the

Fund Facts for the funds he suggested. He then completes an application

form with Erin and collects a cheque for the deposit.

What did the advisor neglect to do$?$

Conduct a fact find to determine Erin's situation.

Make a thorough assessment of Erin's risk tolerance.

Schedule a reset so Erin's contract can be issued.

Include some fixed$-$income funds in Erin's portfolio.