niece

问题如下：

A client of a private wealth manager has specifically stated a long-term time horizon. This client wants to achieve a goal of EUR4,000,000 to fund retirement in 20 years. Additionally, with no dependents of her own, the client would like to contribute towards her young niece’s eventual university expenses. Which of the following best describes the priority of client goals within the investment objectives section of an IPS?

选项：

A.

Both goals reflect primary objectives.

B.

The educational funding goal is a primary objective, while the retirement goal is a secondary objective.

C.

The retirement goal is a primary objective, while the educational funding goal is a secondary objective.

解释：

C is the correct response. Because the retirement goal is quantified and has a time frame that is consistent with the client’s long-term time horizon, it is the primary objective. Funding the niece’s education is a secondary objective since no amount or timing is specified for it. A is incorrect because both goals cannot be primary objectives. B is incorrect because the client’s time horizon is for the long term, so individual retirement goals should take precedence over the funding of the niece’s education, for which no amount or timing is specified