Financial Planning & Investment Advisory
Includes investment consultations, retirement planning discussions, tax strategy meetings, wealth management communications, financial risk assessments, and portfolio review sessions.
Situations
Choose from 5 conversations to practice
Initial Investment Consultation & Goal Setting
A new client meets with a financial advisor for the first time to discuss their financial goals, current assets, risk tolerance, and investment experience. The advisor gathers information to understand the client's needs and sets initial expectations.
Retirement Planning & Contribution Review
An existing client, nearing retirement, reviews their retirement savings plan with their advisor. They discuss current contributions, projected income in retirement, potential gaps, and strategies to ensure a comfortable financial future.
Portfolio Performance Review & Adjustment
A financial advisor conducts a periodic review of a client's investment portfolio performance. They discuss market trends, specific asset performance, and recommend rebalancing or strategic adjustments based on market conditions or the client's changing life circumstances.
Tax Efficiency Strategy Meeting
A client meets with their financial advisor or a tax specialist to discuss strategies for optimizing their investments for tax efficiency. This could involve discussion of different account types (e.g., Roth vs. Traditional), tax-loss harvesting, or capital gains strategies.
Responding to Market Volatility & Client Concerns
During a period of significant market volatility, a client calls their financial advisor expressing concerns about their portfolio's performance. The advisor reassures the client, explains the market situation, and reinforces the long-term strategy.