Question 1: Impressed with your presentation of the ten-step financial planning process (A to J), John Client signs a contract and writes a check for $2,500 (half of the planning fee). He then makes the following comment: I am a very busy person. I dont care to see a written plan and dont want to know if you religiously follow the six-step planning process. I will be satisfied if you just tell me what to do. How should you as Johns financial planner handle this situation?

Question 2: Your affluent client has filled out your planning questionnaire. During the data-gathering interview, the client complained that he had to do too much work and hoped that he would not have to spend any more time. You have discovered that the information supplied by him is incomplete and the accuracy of the data supplied by him is highly questionable. What is your next step?

Question 3: After you develop a financial plan for your client, you realize that it looks too sophisticated for your client. You hate to downgrade the plan, but you are afraid that in its current form the plan would be a total turn off. What is your best course of action?

Question 4: You have asked John Client to come in for an annual review. John says that he does not have any money to invest and consequently does not want to pay you to conduct the annual review. What do you tell him?

Question 5: In the Recommendations section of your plan, you have included the following: (a) universal life insurance for $400,000; (b) a $4,000 disability income policy which will cost $4,500 per year; (c) liquidation of $600,000 of individual stocks currently owned by the client; and (d) purchase of a $500,000 single premium deferred annuity. You are a fee and commission-type planner and have offered to implement these recommendations yourself, if the client so desires. The client fails to take any action. How do you handle this situation?

answer as many as u can but try to solve