A young, single client approaches a CFP® professional with $5,000 stating that he would like to develop a financial plan and invest in the market. This is his first experience investing and he would like help choosing an appropriate account. What is the CFP® professional’s most appropriate course of action?
A) Open a brokerage account with margin
B) Open and fund a Roth IRA for the current year
C) Determine whether the client has any consumer debt
D) Determine whether the client has adequate life insurance