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I have a textbook question, very confused: Outline practical ways that you can comply with Standard 5 of FASEA's Code of Ethics, which states the

I have a textbook question, very confused:

Outline practical ways that you can comply with Standard 5 of FASEA's Code of Ethics, which states the following:

  • All advice and financial product recommendations that you give to a client must be in the best interests of the client and appropriate to the client's individual circumstances.
  • You must be satisfied that the client understands your advice, and the benefits, costs and risks of the financial products that you recommend, and you must have reasonable grounds to be satisfied.

Help will be appreciated.

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