Which of the following is NOT an example of an activity that must occur before the wealth manager develops the IPS?

Question 17 options:

1) Educate the client on the basic vocabulary framework and basic concepts of investment theory

2) Evaluate the client's risk tolerance and overall financial position

3) Select the emerging market fund that will be invested in the client's tax deferred account

4) Evaluate the size, timing, and priority of the client's goals