The basic requirement is thepreparation of a financial plan /report that provides specific advice for your clients whose details areoutlined below,
Client profile: Mr. Jossiahand Mrs. Jemimahave recentlymarried and in planning their future, they havedecided to solicit the services of a financial advisorwith the aim of implementing their short and long-term lifestyle goals and financial plans. Mr. Jossiahand Mrs. Jemimaare both aged 28.For their immediate future they have decided theywant to purchase a new house and a new car.The house they want has a value of 400,000 $ andthey are very excited as both Jossiahand Jemima havenever owned a home before. They would also like a new car for $20,000 however are unsureto buywhether to purchase the car outright or salarysacrifice in order to obtain the car. They expect totravel approximately 35,000km per year. Their longer-term plans involve establishing a fairly aggressive investment portfolio with the aim of directlypurchasing an investment property and investing inashare portfolio of some sort amongst otherstrategies that you may recommend. They have alsoheardfrom a friend that margin lending can be a profitableand expedited way to achieve their goalsMr. Jossiahworks as a software engineer in MOl heearns $70,000 gross income, while Jemima works for abank and earns $55,000 gross income. They alsoenjoy taking holidays and plan to have a holidayeach year to the value of $5,000 with an around theworld trip planned for five years time to the value of $20,000 Jossiahand Jemimaare also keen to retireearly and are quite willing to take on additional riskif this assists in them achieving their lifestyle goalsfaster, They have managed to save between them$180,000 in cash and are looking forward to your advice on how they should go about planning for their future lives together.

- set a financial plan for them
- make a calculation
- put your suggestions