Wealth Management: A Comprehensive Plan for Mark and Sue - UCI 2019

This case study presents a wealth management plan for Mark and Sue, a couple preparing for marriage and future family life. It addresses their current financial status, including Mark's salary, savings, investments, condo, and potential inheritance, as well as Sue's higher income, stocks, house from a previous marriage, and life insurance policy. The plan emphasizes the importance of managing mortgages, planning for their child's future, and considering all assets, including investments and insurance. The solution also suggests that the couple needs to consider their properties and how they would come under assets along with investments.

Running head: WEALTH MANAGEMENT
Wealth Management
Name of the Student:
Name of the University:
Author’s Note:

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WEALTH MANAGEMENT
Table of Contents
Wealth Related Issues......................................................................................................................2
Recommendation for Estate Planning.............................................................................................2
Reference.........................................................................................................................................3

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WEALTH MANAGEMENT
Wealth Related Issues
The case study effectively shows the long terms wealth accumulation plans for Mark and
Sue who are soon about to get married. The business of Mark generates an average compensation
of $100K and $130K, depending on his bonus each year. Mark saves and invests half of the
earnings in his 401-K and the amount which is already invested in the same is shown to be $ 55k.
Mark also has a condo to his name and also individual shares and a BMW car. In addition to this,
Mark will be also receiving inheritance for one-third of the parent’s property (Daniell and
McCullough). On the other hand, Sue has an average compensation of $650K-$1.2M, depending
on her bonus. Sue also has some stocks and also kept the house after her divorce. After marrying
Sue, Mark would be moving in and leasing out his condo. In addition to this, Sue also has $ 2m
life insurance policy. All these contribute to the wealth which would be accumulated by the
family after marriage.
Recommendation for Estate Planning
The couple needs to consider the respective mortgage on the property they own and
ensure that the same are paid considering the actual market value of the property. One of the
major concern for the couple is that they have a baby boy on its way and so the couple needs to
make proper financing plans for ensuring that they can maintain a certain level of standard of
living. The properties which are owned by the both Mark and Sue along the property which
would be inherited by the couple would come under assets (Ang). In additions to this, the
investments in 401-k and insurance contacts would also come in as assets.

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WEALTH MANAGEMENT
Reference
Ang, Andrew. Asset management: A systematic approach to factor investing. Oxford University
Press, 2014.
Daniell, Mark Haynes, and Tom McCullough. Family Wealth Management: Seven Imperatives
for Successful Investing in the New World Order. John Wiley & Sons, 2013.