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Qualitative Information

Satisfactory Essays

Qualitative information provides general information concerning a client's goals, lifestyle, health status, risk tolerance level, employment status, hobbies, attitudes, and fears. Knowing a client's specific goals, such as planning to move when retiring at age fifty-five, funding a child's college education and expenses, starting an expensive hobby just before retirement, or travelling extensively during retirement, is important to the success of any financial plan.

Examples of qualitative data include the following:
 Goals and objectives
 Health status of client and family members
 Interests and hobbies
 Expectations about employment
 Risk tolerance level
 Anticipated changes in current/future lifestyle
 Other planning assumptions.

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