How can an Admin set up Financial Services Cloud to provide financial advisors with an accurate summary of their client’s financial data?

Lake Tahoe Bank’s financial advisors are complaining that they can’t see an accurate summary of their clients financial data as clients often change households.

How can an Admin set up Financial Services Cloud to provide financial advisors with an accurate summary of their client’s financial data?
A . Create a roll-up field on the Opportunity object to track client’s Financial Account balance and display the summary amount on the Person Account object.
B . Set clients financial data to be rolled up using Financial Services Cloud Primary Group.
C . Create a custom obiect to track client’s financial data
D . Use Process Builder to create a workflow to summarize data at the Person Account level.

View Answer

Answer: B

Explanation:

A Primary Group is a construct in Financial Services Cloud that allows you to define the main group for a client. You can use Primary Group to roll up financial data from all the financial accounts that are related to the client or the group. This way, you can get an accurate summary of the client’s financial data regardless of how often they change households.

Verified Reference: Salesforce Financial Services Cloud Implementation Guide, page 69.