Individual Financial Planning for Peter and Lisa Clarke

Running head: INDIVIDUAL FINANCIAL PLANNING
Individual Financial Planning
Name of the Student:
Name of the University:
Author’s Note:

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INDIVIDUAL FINANCIAL PLANNING
Table of Contents
Covering Letter................................................................................................................................3
Executive Summary.........................................................................................................................5
Introduction......................................................................................................................................5
Current Position...............................................................................................................................6
Personal Details...............................................................................................................................6
Dependents......................................................................................................................................7
Assets and Liabilities.......................................................................................................................8
Income.............................................................................................................................................9
Expenses........................................................................................................................................10
Existing Insurance.........................................................................................................................10
Objectives......................................................................................................................................11
Risk Profile and Asset Allocation..................................................................................................13
Risk Profile and Asset Allocation..................................................................................................13
Recommended Financial Strategy.................................................................................................18
Recommended Investment Strategy..............................................................................................19
Implementation..............................................................................................................................20
Disclosures.....................................................................................................................................21
Disclaimer......................................................................................................................................21
Bibliography..................................................................................................................................23

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INDIVIDUAL FINANCIAL PLANNING

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INDIVIDUAL FINANCIAL PLANNING
Covering Letter
To Peter and Lisa Clarke
Address: 25 Ashington Dr Warners Bay NSW 2282
Dear Peter and Lisa,
I am highly grateful that you have given me the privilege to serve you with your financial
consultations and therefore accepting my offering to come to this face to face meeting so that I
would be able to give out effective suggestions with respect to your financial activities. the
recommendations that would be provided to you would be on the basis on the information that
you have given me and I am sure that these suggestions would be helpful for your future life.
The information that I would provide would be helpful to you in undertaking future investments
so that you can earn effective level of returns and income from the investments. This would
enhance your life and secure life post retirement.
The responses you have given through the Fact Finder and the questions related to the risk
profile has been of great help as I have been able to attain greater level of knowledge through the
same with respect to your present objectives and goals and the present condition and your notion
towards risks, income returns, security and volatility.
The suggestions and the outcomes that would be collected can be utilised in order to construct
your Statement of Advice. This document will be a record that can be used for the purpose of
suggestions even in the future course of time in order to attain your goals and objectives that is
even inclusive of the interests and the fees that are related to the advice.

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INDIVIDUAL FINANCIAL PLANNING
If there are any changes in the lifestyle with the transformation of time, then advices can be
provided in the future as well which would be useful in maintaining a secured and safe lifestyle.
Hence, I am looking forward to come to your assistance with other suggestions and consultation
with respect to the plans and strategies in order to provide you extensive and sustainable
services. All the suggestions and the advices that will be provided to you will be based on the
ASIC guidelines.
Regards
Malcolm Starc
Signature
Financial Consultant

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INDIVIDUAL FINANCIAL PLANNING
Executive Summary
The summary provides an overview that would be helpful to the client in understanding
the recommendations and the suggestions that would be given out to them. The overview is
actually the present condition, the objectives and the aims and the plans and guidelines that
would be recommended in order to assist the client to attain their future objectives and goals.
The best result can be given with the incorporation of the strategies. The client would be
requiring knowledge and therefore by reading the executive summary, they would be able to
attain better knowledge about the suggestions that have been given out to them and thereby able
to understand whether aims and goals have been reached. There is sufficient data which would
assist the client to take effective decisions by looking at the risks that they may undergo. The
fees and the charges that are related to SOA are even reported. The data that has been provided
to them will be written in a clear and lucid language with the unavailability of expressions and
therefore is ideal to their degree of the financial knowledge.
Introduction
The introduction of the paper would address the client about the aspects that would be
covered in the SOA and accordingly the advices and the suggestions that would be provided to
them on the basis of their plans and objectives in order to help the clients reach their financial
milestones. The SOA would cover the areas like the insurance, superannuation, cash flow
planning, investment planning and estate planning for the couple. The advices would even
include the other non-financial aims and objectives of the couple that would include the securing
their life even after retirement and assisting their dependent children to undergo college and
support them till they become independent. The clients would be made aware of the risks and the