This question will require the group to research the role of the financial adviser, the informationthat must be provided to their clients, and some of the issues and difficulties that the professionalfinancial adviser must address.

a$)$ What practical difficulties does the financial adviser face when making recommendationsabout the suitability of investments to be recommended to clients?

b$)$ Given that many of these difficulties are beyond the direct control of the financial adviser,in what way can the financial adviser minimise the impact of these risk factors in order toensure, to the greatest extent possible, that the client can rely on the recommendationsprovided?

c$)$ Briefly describe the Statement of Advice that the financial adviser must produce, and howthis document might help both the client and the financial adviser in the process ofproviding advice