Final answer:
If a client opts for financial advice in only one area, they might miss out on comprehensive financial planning and make suboptimal decisions due to an incomplete financial picture.
Step-by-step explanation:
When a client only wants to limit the financial advice, they receive to one area, without considering other aspects of their financial situation, there can be several outcomes. Option 1 suggests that the client may miss out on comprehensive financial planning, which could lead to a lack of understanding of how various financial decisions are interrelated. Option 3 notes that limited advice might result in suboptimal financial decisions because of an incomplete financial picture. While Option 4 mentions that clients could potentially receive a discounted fee for limited services, it is not a guaranteed outcome, and each financial advisory firm may have its own fee structure. Option 2, which states that financial advisers will refuse to provide limited advice, is generally not true as many advisers are willing to offer specialized advice targeted to a specific area if that is what the client desires.