Have you got a financial adviser work background and looking for a new job? Interview Question: "How do you assess a client’s financial situation and develop a suitable financial plan?" STAR Method Response Situation: In my previous role as a financial adviser, I worked with a client who was approaching retirement and was unsure whether they had enough savings to maintain their desired lifestyle. Task: My responsibility was to assess their financial situation, identify gaps, and create a plan that ensured long-term financial security. Action: I conducted a detailed financial review, analyzing their income sources, expenses, assets, liabilities, and risk tolerance. Using cash flow projections and retirement planning tools, I identified potential shortfalls. I then recommended a strategy that included optimizing their pension withdrawals, reallocating investments for stability, and setting up an emergency fund. I also explained tax-efficient ways to draw income in retirement. Result: As a result, the client gained confidence in their financial future. By implementing my recommendations, they increased their retirement income sustainability by 20% and reduced unnecessary tax burdens. They expressed gratitude for the clarity and security my plan provided, and they referred two additional clients to me.