One of the values of comprehensive financial planning is

		a.The fees the planner may receive
		b.The ease with which a client may be able to achieve multiple objectives at a lower cost.
		c.Identification of how one recommendation may influence other aspects of a clients plan.
		d.Efficiency

The implementation checklist

		a.Keeps the planner on task selling the clients the recommended products
		b.Is the only document the clients may need from the plan
		c.Provides a road map to financial freedom
		d.Details the implementation steps needed for each recommendation proposed

Tactical asset allocation allows more:

		a.Account churn through requiring a specific allocation of the account to each asset class
		b.Planner fees for detailed analysis of the technical basis for investments.
		c.Reliance on the investment policy of the firm to guide assignment of asset class allocations
		d.Active management through assigning a range of allocation to each asset class

A widowed client decided to rent a room in her home to a friends daughter who is attending a nearby trade school, mostly to alleviate the empty feeling of the house. When the renters popcorn popper caused a small fire in the house, the client discovered:

		a.The damage to the daughters belongings was fully covered.
		b.The fire damage to the house wasnt covered because the damage was caused by a renter.
		c.Fire wasnt a listed peril on her HO policy.
		d.The cost of repairing the house from the fire damage was fully paid by the umbrella policy.

Time horizon is defined as:

		a.Timeline of the engagement
		b.Time the planner is given to achieve the agreed upon goal
		c.Time period between goal formation and goal achievement
		d.Period of time closed mutual funds are open for investment