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Ch 6: Obtaining Customer Investment Profile Information

About This Chapter

Study this chapter on obtaining customer investment profile information to enhance your knowledge of FINRA Rule 2111, customer-specific factors that impact investment choices, and more. The short quizzes provide an easy way to assess your understanding of key concepts in preparation for a test.

Obtaining Customer Investment Profile Information - Chapter Summary

Working through these lessons is a convenient way to deepen your knowledge of obtaining customer investment profile information. Instructors discuss reasonable-basis, customer-specific, and quantitative suitability. This interactive chapter will ensure you understand how financial professionals provide investment strategies to their customers. After completing the chapter, you should feel confident and ready to:

  • Recount strategies used to gather customer investment profile information
  • Discuss financial and personal factors used to assess investment profiles
  • Explain how to identify a customer's investment objectives
  • Provide an overview of FINRA Rule 2111
  • Detail how a financial professional can provide a recommendation to hold an investment
  • Outline customer-specific factors that impact investment product selections

The teaching style of our professional instructors is engaging and simplifies the learning process as you increase what you know about obtaining customer investment profile information. A brief quiz is provided for each lesson to confirm that you understand and can recall important information. Optimize use of this resource by printing the quiz in worksheet form to use as a helpful study guide.

5 Lessons in Chapter 6: Obtaining Customer Investment Profile Information
Test your knowledge with a 30-question chapter practice test
Using Financial Factors to Assess Investment Profiles

1. Using Financial Factors to Assess Investment Profiles

The first step of any successful financial plan is an accurate investment profile. Investors often have current assets and liabilities and face specific tax situations. This lesson covers the five factors critical to developing an investment profile.

Using Personal Factors to Assess Investment Profiles

2. Using Personal Factors to Assess Investment Profiles

In this lesson, you will learn the important information regarding personal factors to gather from clients in order to assess their investment profiles and meet the relevant regulations.

Understanding & Identifying Investment Objectives

3. Understanding & Identifying Investment Objectives

Imagine that you graduated from college, started a great job, and at 25 years old were ready to ride out the inevitable ups and downs of the stock market. Now you are 55 and far more aware of the reality of eventual retirement and asking yourself if you could afford another recession like the one in 2008. You are not alone. In this lesson, we will examine different investment objectives we face as we navigate life.

FINRA Rule 2111: Suitability Obligations

4. FINRA Rule 2111: Suitability Obligations

Financial professionals are required to invest customers' money in appropriate investments. But what does this mean? This lesson will look closely at FINRA Rule 2111, which covers suitability of investments.

How Customer-Specific Factors Impact Investment Choices

5. How Customer-Specific Factors Impact Investment Choices

Financial plans should start by identifying factors that impact the selection of investment products. We will discuss the customer's investment profile, including risk tolerance, time horizon, investment objectives, and liquidity needs.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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