Wraps and Platforms: Technology-based solutions offering standardized portfolios, enabling advisers to manage client investments across multiple products.
Regulatory Framework: SEBI regulations separate advisory and distribution roles to prevent mis-selling, requiring advisers to register and earn fees from clients.
Goal Prioritization: Long-term goals like retirement should not be sidelined for short-term consumption goals to ensure financial stability.
Staggering Goals: Deferring non-critical goals allows focus on essential ones when financial resources are limited.
Budgeting Importance: A budget tracks income and expenses, ensuring adequate savings and preventing cash flow mismatches.
MODELEXAM® 
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