Unless the client has changing needs or circumstances, with what frequency should the advisor meet with the client to review the plan?

Unless the client has changing needs or circumstances, with what frequency should the advisor meet with the client to review the plan?

• A. Every 6 months
• B. As mutually defined
• C. Once every 2 years
• D. Once every 3 years

Answer: (B)

The key idea is that review meetings should be defined by agreement with the client as part of the engagement terms. When you say the frequency is defined “as mutually defined,” you’re emphasizing a customized service level that fits each client’s needs and preferences. This approach recognizes that clients differ in how often they want to review their plan, how complex their situation is, and how quickly circumstances can change. By agreeing on a schedule up front, both advisor and client have a clear expectation, and the cadence can be adjusted if the client’s needs or life events change. Fixed intervals—every six months, every two or three years—don’t account for individual differences and can be either too burdensome or too lax depending on the situation.

The key idea is that review meetings should be defined by agreement with the client as part of the engagement terms. When you say the frequency is defined “as mutually defined,” you’re emphasizing a customized service level that fits each client’s needs and preferences. This approach recognizes that clients differ in how often they want to review their plan, how complex their situation is, and how quickly circumstances can change. By agreeing on a schedule up front, both advisor and client have a clear expectation, and the cadence can be adjusted if the client’s needs or life events change. Fixed intervals—every six months, every two or three years—don’t account for individual differences and can be either too burdensome or too lax depending on the situation.