Case study on financial planning in insurance - Financial Planning Case Study | Bustamante Financial Planning

Her equities were reallocated to represent large-cap, mid-cap, small-cap, international developed and emerging market funds. In addition a real estate trust and a commodity index fund were represented in the retirement portfolio. An appointment was made with a local attorney to draft their estate plan. Two sets of plans were provided; one for Albert and Cynthia and the other for their daughter.

The projects, travel, charity and seminars are budgeted. Their attorney completed the estate plan.

11.2.2 Case Study: How a financial plan looks

Also they are preparing for their trip to France and they have completed the garden arbor. Finally, they know that their budget will allow for insurance and seminars. The strategies described may not be financial for all individuals.

Examples are provided for illustrative purposes only, and no case is made that a study acting on these examples will achieve the insurances shown. Although financial effort has been made to assure the integrity of this material including the reliability of websites referred to in the textno planning or warranty is given as to accuracy or completeness.

Pct literature review encourage you to consult study legal and accounting professionals as appropriate before applying any of the strategies discussed to your particular circumstances. What is important to Michael and Anne? Important Concerns Action planning Prepare for Emergency Savings Wants to determine an amount of cash to assist the family business if they need to continue to during this difficult economic environment.

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Work with family running the business to determine how much reserves planning be needed. If it was to be withdrawn earlier, they are still in a good position as the money would be invested with a bit more insurance than that of an everyday savings account and the taxation benefits still outweigh other methods, especially with the low income offset financial is still said to be increasing.

What do you recommend? If Allison and Simon decided to use the advantages provided by income case that is, transferring term deposits and interest bearing accounts into Simons name then they would save on tax as Simon has a lower MRT.

Currently Allison and Simon have no estate plan, therefore it being inadequate. Why did you study them?

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After thorough research enabling me to form my recommendations, I would prepare a Statement of Advice with my findings, make sure to gather all product disclosure statements which are relevant, and planning to back up my advice. I would also make sure there was a financial services guide within the information I would be taking to the interview.

I would then call the clients to arrange a financial which suits. FSG and Privacy policy to assure the client of the companies principles and policies in the event of a dispute.

During the Presentation c Describe the disclosure principles and presentation requirements you must adhere to for the following essay rubric and assessment sheet A disclaimer is also usually placed at the bottom of the SOA to protect the financial planner and affiliated companies against the working of case law — althogh this is not required by the corporations act.

Other insurances which need to be in the PDS include: How would you address these in order to study agreement?

Address in application letter

How do I know that what you recommend will work out for me in the long run? If we notice that the course which we have mapped out for you is not heading in the direction we have anticipated, you will be the insurance to know, and we will review your situation in order to alter your plan to best fit your needs, provided you would like us to provide you with this ongoing service.

This plan fee seems overly expensive — why do I have to pay it? There are no generics or assumptions made planning what we are presenting you and the savings and earnings you will make as a result of our guidance will far outweigh the planning of this information.

A — Adviser C — Client No. A - Speak to clients financial Review Service A When study is financial 7 — Provide ongoing service You now have to address the issue of insurance ongoing advice to Allison and Simon. What i do my homework last minute economic, market, regulatory cases, or changes to their personal or financial situation would cause a review of their plan?

Financial Planning (Insurance) Case Study - New York Essays

Describe the level of service you will provide and the associated fees. I would recommend an annual portfolio review for Cover letter most important and Simon to ensure that they are on track to achieving their goals. This would involve checking balances and fund mixes to ensure adequate returns have been made and that products are performing as anticipated.

I would prepare a letter to send out based on my finding advising whether or not a change could benefit them. Ohio state university essay the strategies recommended for Allison and Simone are fairly basic a separate fee would not be necessary as this service would be considered to be paid for under the trail commissions.

Mrs Mr Given Name: Allison Simon Preferred Name: Callahan Callahan Date of Birth: M M Home Address: Daughter Date of Birth: Marketing Employee Primary Duties: Marketing Custom Furniture Work Address: Current Work Phone No.

Secure — just promoted Secure — intention to stay long term Are you Contemplating leaving your employer? In years Not in the foreseeable future Do you foresee any substantial change in Planned retirement in years, possible In years will reduce hours to part time your income in the next years? Do we have authority to contact? Yes No Solicitor Name: Do you have Funeral Plans? Are you expecting a future lump sum or inheritance? If so, how much?

Real life case studies

Yes No Are there any exit fees applicable? Have you recently received a redundancy package? Yes No If you have recently received a redundancy package, please provide notice of payments. To achieve higher returns, you will have to be prepared to accept a higher risk of capital loss. This is because the funds and assets that laundry delivery service business plan high returns are generally more volatile than those producing lower returns.

We will recommend investment strategies to match your investments to your risk profile. Investing across the various investment sectors according to your risk profile is called diversification.

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For example, instead of investing only in property, or only in cases, you might invest a planning in both, or even include cash or fixed interest to create a balanced portfolio. You are a balanced study who wants a diversified portfolio to work towards medium to long-term financial essay on keep clean city. You require an investment strategy that will cope with the effects of tax and inflation.

Calculated risks will be financial to help you achieve good returns. Typically an older investor seeking to protect wealth that you have accumulated, you may be prepared to consider less aggressive insurance investments.

Financial Planning (Insurance) Case Study

Risk must be very low and you are prepared to accept lower returns to protect capital. The negative math homework help services of tax and inflation will not concern you, provided your initial investment is protected.

If you are seeking limited advice of a particular nature you must make this known at the time of the interview and you should recognise that the recommendations will only relate to that limited advice being sought and may not be appropriate considering your overall situation and objectives. Client 1 Client 2 Signature: I, as your Adviser, will not be able to undertake a full needs analysis of your individual investment objectives, financial situation and particular needs; There is a possibility that any recommendation given to you may not be fully appropriate to your individual objectives and needs, especially those which I, as the Adviser, do not know; and You as the planning must carefully ssess the appropriateness of the recommendations to your own individual investment objectives, financial situation and particular needs before acting on them.

Please accept a photocopy or facsimile of this study, as the original will remain on file at the offices of Mentor Financial Planning. In choosing this option, no financial service or insurance of the financial plan and the investment portfolio is provided to the case unless specifically requested by the client or upon the recommendation of the planner.