hard · Certified Financial Planner Professional Conduct
Tan and Mai Nguyen have provided most of their quantitative data, but Mai has not yet provided the statements for her inherited IRA or her company's profit-sharing plan. Tan wants to proceed immediately with a recommendation to liquidate their joint brokerage account to buy the 'Brother-in-Law Tech Fund.'
What is the planner's best course of action?
- Make the recommendation but include a written disclaimer that it rests on incomplete data
- Recommend a partial liquidation of the brokerage account as a compromise
- Execute the liquidation based on Tan's instruction as the primary contact
- Refuse to make the recommendation until the missing statements are provided
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