Financial Planning Project

Develop a financial plan for a fictitious client using financial planning principles and tools from class.

Consider your clients’ retirement accounts.
a. Looking only at their retirement saving and investment accounts, determine their current general asset allocation between stocks, bonds, and cash
b. Complete your Investor Profile questionnaire for your client
c. Taking into account your client’s tolerance for risk, comment on the allocation you determined in part(a). Do you believe it to be appropriate or would you recommend changes? What about their specific investment choices? Would you recommend any specific investment options? Detail your recommendations and indicate your reasons for them.
d. Do you feel that your clients are saving an adequate amount to reach their goal of retiring by age 65? Assume that they continue to save at their current rate until age 65. Are they saving enough to meet their retirement goals?
e. If you found that your clients were coming up short in part(c), what actions would you recommend in order to help them overcome the problem?

Sample Solution

y role consists of daily involvement with our internal stakeholders, I believe stakeholder engagement is vital to the success and improvement in a school, I issue weekly newsletters to parents with school activity updates, arrange weekly staff meetings and assemblies for pupils, this is to ensure internal stakeholders are kept informed and the school is securing the community’s obdurate support.
“Community-engagement strategies are also widely considered central to successful school improvement by many individuals and organizations that work with public schools” (Great School Partnership, 2014:1)

As an admin officer reporting to the office manager, my role consists of: undertaking all office administration including weekly HR returns. As a recent member of the admin team I have developed exceptional working relationships with my colleagues and leadership team. My work experience and corporate background allows me to conduct myself in a professional manner and create a cohesive working environment.

As an aspiring SBM and referring to the NASBM framework, I believe I obtain the required skillset to become a SBM. In my previous role as HR Supervisor I developed my personal skills to provide direction and facilitated change in the work place, I supervised staff and monitored their progress. I have acquired transferable skills in relation to process, systems and procedures. I currently fall in tier 1 on the NASBM Professional Standards disciplines, but believe with my previous experience can also fall in tier 2 in the HR and Marketing area, I am certain by completing this course I will develop my skills further in areas such as Finance and Infrastructure.

Part 2 – Establishing your professional needs

2.1: Review own personal skills and characteristics as a learner

My dominating style of learning is reflective; Learning style diagnostic supported this, reflective practice has increased my self-awareness, which is a key component of emotional intelligence, it also helps me to develop creative thinking skills. My learning style might have an affect on some parts of the unit on this course where I cant relate to or had personal experience in certain tasks at work, but this is where I am able to adapt my learning and communication style, as different tasks and different people require different approaches for the best end result. The Time Management Matrix showed most of my duties fall between Quadrant 1 to 3, this consists of dealing with upset parents, photocopying or incoming calls, however to manage my time more effectively I use simple tools such as:

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