Understand needs and objectives: Are you looking for long-term growth, regular income or capital preservation?
Assess the risk profile: Determine the level of risk the prospect is willing to take
Diversification: Diversify Stocks, Bonds, Mutual Funds, Cryptos or others
Investment term: Is it a short, medium or long term investment?
Review and adjustment: The investment model should be reviewed periodically to ensure it remains relevant
Continuing education: The advisor must educate the prospect about the investments and associated risks