Thomas, a CFP professional, has been Shelleys financial advisor for over 20 years and is very familiar with her family situation, goals, objectives and needs. Thomas has just completed a meeting with Shelley and Gertrude, Shelleys mother, who is 79. During the meeting, Thomas entered into an oral agreement with Shelley to manage Gertrudes financial affairs. Gertrude offered no objections to this arrangement. Thomas did not complete a client profile for Gertrude since he was already fully aware of the family's and Gertrudes situation. Gertrude collects a small amount from social security but must supplement that with the interest from her investment portfolio of $100,000. She indicated she would like to provide for her remaining life and establish education funds to send her six grandchildren to college. The grandchildren range in age from 2 - 15. According to the provisions of the Practice Standards, Thomas should take all of the following actions before initiating any action on behalf of Gertrude, EXCEPT:

		a. Thomas should discuss the nature of activities he will be performing with Gertrude to ensure Gertrude understands and agrees.
		b. Thomas should complete his firms client profile for Gertrude, and gather sufficient
		Incorrect
		education accounts and disclose the costs and expenses in writing.
		d. Thomas should provide a written document covering his compensation, and the timing and termination conditions for the engagement.