Question

During the development of a comprehensive financial plan, input from a team of financial advisors, employed by the client, may be needed. members of this team may include which of the following professionals?

A. a cpa
B. a private money manager
C. an estate planning attorney
D. a property and casualty insurance agent

Answer 1

During the development of a comprehensive financial plan, a team of financial advisors may be needed, which can include a CPA, a private money manager, an estate planning attorney, and a property and casualty insurance agent.

Step-by-step explanation:

During the development of a comprehensive financial plan, input from a team of financial advisors, employed by the client, may be needed. Members of this team may include:

1. A CPA (Certified Public Accountant): CPA provides expertise in accounting, tax planning, and financial reporting.
2. A private money manager: A private money manager offers investment advice and manages the client's investments.
3. An estate planning attorney: An estate planning attorney helps with wills, trusts, and other legal matters related to estate planning.
4. A property and casualty insurance agent: A property and casualty insurance agent provides guidance on insurance options to protect against property and liability risks.

In summary, the professionals that may be included in a team of financial advisors during the development of a comprehensive financial plan are a CPA, a private money manager, an estate planning attorney, and a property and casualty insurance agent.