hard · Certified Financial Planner Investment Planning
Anil Reddy wishes to rebalance his $3,000,000 brokerage account
Which has drifted to 80% equities. The equity sleeve contains a single tax lot of a technology ETF with a cost basis of $200,000 and a current value of $2,400,000. Before executing the sale of shares to return to his 60% target, what must the CFP® professional prioritize to determine the next step?
- client constraints
- Duty of loyalty
- the practice standard requiring data gathering before recommendations
- quantitative optimization only after higher duties are met
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