A client fact-find is a structured process used by financial advisers to gather comprehensive details before giving investment advice.

Why is Option D Correct?

The fact-find collects financial position, risk tolerance, goals, and investment experience.

Required under FCA "Know Your Customer" (KYC) rules.

Why Not Other Options?

A (Assessing suitability & affordability) → Part of the fact-finding process, but not the full definition.

B (Determining risk attitude) → Important, but fact-finding includes more than just risk assessment.

C (Status disclosure) → Firms must disclose their regulatory status, but this is not fact-finding.

???? Reference: FCA Handbook (COBS 9 - Suitability & Fact-Finding), CISI Wealth & Investment Management.