What is the purpose of the FSG in relation to financial services?

The purpose of the Financial Service Guide (FSG) is to inform clients about the financial advice process and their rights. The FSG serves as a critical document that outlines essential information regarding the services provided by financial advisors, ensuring that clients understand what to expect from the advice they receive. It explains the nature and scope of the advice, any potential conflicts of interest, and how clients can lodge complaints or seek further information. This transparency is key in establishing trust and fostering informed decision-making among clients.

In contrast, other options focus on narrower aspects of financial services. While identifying investment fraud and summarizing risks and benefits are important elements of financial literacy and client protection, they do not encapsulate the overall purpose of the FSG. Similarly, outlining fees is a component of transparency in service delivery but does not encompass the broader intent of educating clients about the advisory process and their accompanying rights. Thus, option C is the best representation of the FSG's primary function within the financial services landscape.