The correct answer is C. I thought Situational profiling is based on: sources of wealth, measures of wealth and stage of life. So where does the economic circumstance come from?
For understanding an individual’s preferences, goals and desires, situational profiling:
A)
is superior to psychological profiling.
B)
places individuals into categories according to sources of wealth and level of risk aversion.
C)
places individuals into categories according to stage of life and economic circumstances.
Situational profiling can enhance an advisor’s understanding of an investor’s preferences, goals, and desires by categorizing individuals according to sources and measures of wealth as well as stage of life.