Certificate in Paraplanning (Level 4)

Question

Which preventive measure is most critical when handling Consumer Duty requirements? A paraplanner at a US-based Registered Investment Adviser (RIA) is preparing a suitability analysis for a 62-year-old client, Sarah, who is considering rolling over her $850,000 balance from a low-cost institutional 401(k) plan into a new retail IRA. The proposed IRA would consist of actively managed mutual funds with higher expense ratios and a 1% annual advisory fee. The primary justification provided by the lead adviser is the desire for 'more personalized management' and 'access to a wider range of alternative assets.' Under the SEC's standards of conduct and the broader principles of acting in the client's best interest, the paraplanner identifies a potential conflict between the increased costs and the client's long-term retirement security. What action should the firm prioritize to ensure compliance with these standards?