Exam ICWIM Topic 1 Question 93 Discussion

Actual exam question for CISI's ICWIM exam
Question #: 93
Topic #: 1
What is the first action an adviser takes to ensure that their advice is suitable for a client?

Suggested Answer: C Vote an answer

The first step in financial planning is to gather sufficient client information before making any recommendations.
* Key Information Required:
* Income, expenses, and financial goals.
* Risk tolerance and investment horizon.
* Tax status and personal circumstances.
* Regulatory Requirement:
* The FCA's suitability rules mandate that advisers perform a full fact-finding process before offering advice.
# Reference: FCA Handbook (COBS 9 - Suitability), CISI Wealth & Investment Management.

by Beryl at Jul 03, 2025, 03:07 AM

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