Final answer:
Suitability information for a prospective client includes financial information and investment objectives, but does not typically include medical history unless it directly affects financial planning.
Step-by-step explanation:
Suitability information for a prospective client would typically include all relevant financial details necessary to make informed investment choices, but it would not normally encompass personal medical or family histories unless they have direct financial implications. Information that is widely considered as part of suitability includes financial information, like income, net worth, and investment holdings; investment objectives, like growth, income, or stability preferences; and, potentially, some demographic information that may impact financial planning, like age or number of dependents.
However, a client’s medical history is not generally relevant to the financial suitability assessment unless it could influence financial goals (such as planning for medical expenses), but it is not part of the primary data gathered to ascertain investment suitability. Likewise, a family history is often excluded from financial suitability considerations unless specific inheritances or financial responsibilities connected to family matters are directly relevant. Keeping these factors in mind helps in understanding the roles of various financial tools and the importance of sound financial planning as described in Unit 5 - Basic Understandings, which spans topics from budgeting to investing and the use of credit.