Answer: True.
Explanation: True. A truly personalized financial plan should consider a wide range of factors, including the client's cultural background and family experiences. These factors can significantly influence an individual's financial goals, values, beliefs, and attitudes towards money and financial decision-making. Understanding a client's cultural background and family experiences can help a financial planner provide advice and recommendations that are tailored to the client's unique circumstances and objectives. Cultural norms, traditions, and family dynamics can all impact a person's financial choices and priorities, so it's important for a financial planner to take these factors into account when creating a personalized financial plan.