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One You are a licensed investment adviser for a major brokerage firm in Dallas, and you are interviewing a prospective client who is 60 years
One You are a licensed investment adviser for a major brokerage firm in Dallas, and you are interviewing a prospective client who is 60 years old and has come to you for advice. He and his wife are both employed in well-paying jobs, but they are tired of working and eager to retire. They have enjoyed a very nice lifestyle but have spent most of what they have made. So, despite their good salaries, they only have $50,000 in total savings. Your prospective client tells you that he would like to give you all of his money to invest, so that in five years he and his wife can comfortably retire in the San Francisco Bay area near their children and grandchildren. What is your response? Group of answer choices start drafting an Investment Policy Statement for your new client start filling out the paperwork for a new investment account have a frank and honest discussion about the investment management process and realistic investment expectations and goals show your new client the marketing literature for your favorite top-performing mutual funds of the most important rules for investing is to know what you own
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