QUESTION $4$

Petra is a Financial Planning Institute $($FPI$)$ member. Petra meets a new client. In terms of the letter of engagement, Petra will provide holistic financial planning services to the client. Which of the following statements is correct?

$($i$)$ Petra gives her business card to the client. Petra's business card states that she is a member of the FPI The client assumes that because Petra is a nember of the FPI, Petra is a Certified financial Planner", which Petra is not. Petra must correct the client as soon as she becomes aware of this assumption

$($ii$)$ The dient has givien Petra information about his personal circumstances. The information is insufficient for Petra to prepare a holistic financial plan for the client. Petra must engage with the client to either vary the terms of their engagement, or discontinue it$.$

$($iii$)$ Petra is unable to identify a suitable strategy for the client. Petra must provide the client with reasons for being unable to identify a suitable strategy for the client, and a proposed course of action.

$($i$)$ and $($i$)$

$($i$)$ and $($iii$)$

$()$ and $($iii$]$

$($i$),($ii$)$ and $($iii$)$

None of the above options