QFA Financial Advice Practice Questions - QFA Financial Advice (LIA IOB, Ireland) Exam

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A client's risk questionnaire shows high risk tolerance but their fact-find reveals a six-month emergency fund target and a mortgage renewal in 12 months. How should the adviser interpret this in integrated planning?

Ignore the questionnaire because attitude always overrides capacity Recommend 100% equities because tolerance is high Reconcile attitude with capacity and liquidity needs before recommending asset allocation Defer all planning until the mortgage is repaid

Correct Answer:

Reconcile attitude with capacity and liquidity needs before recommending asset allocation

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