What key information is required to perform a financial assessment for a client?

To perform a comprehensive financial assessment for a client, it is crucial to gather a thorough array of information that encompasses their overall financial situation. This includes not only their income but also their expenses, debts, assets, and financial goals.

Income is essential as it dictates the client's capacity to meet current obligations and future savings. Expenses give insight into cash flow management and any areas where spending can be adjusted. Understanding debts is important for assessing liabilities and the client's overall financial health, while knowledge of assets helps evaluate the net worth and available resources. Lastly, financial goals help in aligning the assessment with the client's aspirations, allowing for tailored strategies that address both immediate needs and long-term objectives.

In contrast, the other choices fall short by excluding crucial elements needed for a complete financial picture, resulting in an incomplete understanding of the client's finances. Understanding these multiple facets ensures that the analysis and any subsequent recommendations are well-informed, relevant, and actionable.