9 2022-2023 Business MDP Ce X n Homework Help - Q&A from C X l + v 9 C' G Search Google ortypea URL I I] o _ 2022-2023 Business MDP Case Study.pdf Financial Advisors, now more than ever, are relied on to answer questions about markets and advise clients on if and when they should move their money. They also help clients plan for the future and develop a plan of action on how to maintain financial stability during retirement. Imagine you are a financial advisor while answering the questions below for one of the profiles you choose. *Wnen presenting, the moderators W/// M be acting as your c/ient* i. How do you, as a financial advisor, calm the nerves of your client? a. Items to think about while advising your client; this is not an exhaustive list, feel free to dive deeper into additional areas: i. What is your client's risktolerance? (Create a hypothetical risk tolerance and answer all questions based on this) ii. Based on the client's risktolerance, should they modify their portfolio? iii. What is the timeline of their investments, and does this impact their portfolio? iv. When, if ever, should they pull out oftheir investments? ii. Detail how you would advise the following people on beginning and/or improving their retirement savings plans. a. Things to think about; this is not an exhaustive list, feel free to dive deeper into additional areas: i. What stage of retirement is your client in? ii. Does their company offer a 401(k) plan and is that the best option for them? iii. What are their financial goals outside of retirement and how would you incorporate them into the plan? M stIIwe i.- eee0aei I 9 2022-2023 Business MDP Ca X n Homework Help - Q&A from C x l + v 9 C' G Search Google or typea URL I. I] o _ 2022-2023 Business MDP Case Study.pdf What stage of retirement is your client in? Does their company offer a 401(k) plan and is that the best option for them? What are their financial goals outside of retirement and how would you incorporate them into the plan? a) Maria is a Sophomore at the University of Colorado, Boulder. Growing up her parents did not talk much about finances, and she has never invested any of her own money. Maria is currently taking an intro to finance class and is learning the importance of investing her money and saving for retirement, but she doesn't know where to begin. Maria works a part-time job at a local coffee shop and now has some extra cash to set aside. She would like to begin investing her extra money to start saving for retirement. Maria also wants to start saving so she can pay off her college debt in a timely manner but is a bit wary about current market conditions and knows she will have to pay off about $30,000 in student loans after she graduates. Amber is a 35yearold single mother of two. She recently quit her banking job to pursue her passion of being an online influencer. Since Amber left herjob, she gave up her company's 401(k) plan and matching benefit. Amber knows it is important to continue saving for retirement, but she doesn't know what type of savings account will work best for her. In addition, while working at the bank one of her co-workers told Amber to invest in a stock which is no longer doing well. She put in a substantial investment and isn't too sure of what the best option currently is. Amber thinks it might be best to wait until the markets have improved before she invests more money but doesn't want to miss an opportunity to save for retirement. easel-'59"? M :2 ell-welt! emblem-e iii 9 2022-2023 Business MDP Ca X n Homework Help - Q&A from C x l + v 9 C' G Search Google or typea URL I. I] o _ 2022-2023 Business MDP Case Study.pdf c) Alice and Rebecca are newly married and expecting their first child in a few months. Both Alice and Rebecca work in the service industry, Alice as a server and Rebecca as a bartender. They would like to start a savings plan so their child can have some money set aside for college and would also like to begin saving for retirement. Alice is a bit worried about setting aside a big chunk of money for their child and then potentially not having access to it for the next 18 years. She is worried that the family might have an emergency and need access to the money as they do not have a very large savings account. Hebecca is more worried about the current market volatility and losing hardearned money. Darnell has been working a full-time job for about 3 years now. He has been able to create a budget, and he sticks to it about 90 percent of the time. Because of this, he has been able to grow his savings account substantially and wants to start investing it. Darnell would also like to set up some sort of 401(k) savings plan as his company does not offer one. Darnell is now a bit skeptical about investing his money given the market volatility and how much others have lost in just a few months. 2. Mergers and acquisitions Mergers and acquisitions allow companies to acquire different skill sets and broaden their market base. In a merger two companies will combine to create a new company. In an acquisition one company will absorb another. Morningstar has acquired many companies over the years including Pitchbook, DBHS, Sustainalytics and Praemium UK. Through these acquisitions many changes have transpired for Morningstar and new areas of expertise have emerged. PitchBook: "PitchBook Data, inc. Is a SaaS company that delivers data, research and technology covering 1 le'e't .MJHIIQQ \"seemu: It