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Students, individually, will develop a detailed financial plan for a client. A client profile will be developed, an investment portfolio developed, and a reflection on the outcome conducted. The portfolio must contain the following items:

A. Who is your client? You have the freedom to create your fictitious client but you must have clearly defined investment goals. Your client must have 3 investment goals with each separate goal relating to a different time period (short term, medium term, long term). Your client must be in their midearning years life stage. You determine the persons occupation, savings, income, number of children and any other lifestyle information.

Criteria: Have you created a realistic profile of the client and provided answers to the kinds of questions a financial planner would ask? Has disposable income been calculated based on current income tax rates? Has a monthly budget and cash flow statement been prepared? Is the budget realistic? Are the goals clearly stated in terms of time? Are the goals SMART?

B. Investment Goals

In this section you will state specifically how much money the client will need to meet his or her investment goals and how much the client must save weekly, monthly or yearly to meet that goal. All saving/investment plans to meet the goals must be in the form of annuities.

Criteria: Have you stated goals clearly and given dollar amounts required to meet them? Have you offered clear and objective evidence to explain the monthly savings required to meet the goals? Have you properly referenced all sources? Are all saving plans in the form of annuities? Have you considered the effects of inflation?

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