Client Risk Profile AND Mini Financial Plan 1. Interview a stranger, friend, colleague or relative. 2. Prepare a report describing this individual's (or family) situation. Be sure to include all information pertinent to establishing a Financial Plan. Include at a minimum: a. Birth date, age b. Marital status? Kids? c. Employment d. Income, expenses, net worth e. Owns own home? Rents? Market value? Mortgage? f. Desire to leave an estate? * Write up your report in full sentences and use the above points as guidelines; do not limit your discussion to these points and do not answer strictly in point form. 3. Establish a risk profile. See e-centennial Investor Profile Questionnaire. Augment with "interview" information. Complete the Risk Profile and submit it in Drop Box. 4. Relate the risk profile to your "client" and his/her investing strategy. 5. When does your client wish to retire? How much money should he or she have saved by their retirement date? How much money does this client need to save each month to live well in retirement? Based on the risk profile, what kinds of investments and risks can your client(s) consider? 6. Submit written report in drop box. Also submit the completed Investor Profile Questionnaire (Posted to ecentennial - print the Investor Profile Questionnaire to complete it as you may have trouble typing into PDF; then scan to computer for drop box submission). 7. Prepare a financial plan to address the client needs 8. Make and list your own assumptions about inflation, client risk tolerance, and any other issues that help you complete a realistic Financial Plan 9. What are the steps you will follow to create a Financial Plan? FINA110 Canadian Investment Fund a. Why are they important? 10. Use the web to identify mutual funds and/or stocks and/or bonds and/or any other financial product you deem appropriate 11. For Mutual funds selected, provide the fund fact sheets and indicate their advantages and disadvantages. Submit the Fund Facts on Drop Box. 12. Discuss the riskiness of your recommended portfolio 13. Discuss the diversification strategy you employed 14. What activities will you engage in to ensure that you keep up-to-date on the client's needs and risk profile? 15. How are KYC and KYP addressed? 16. How do current economic events relate to your choices and recommendations? 17. Pay attention to the College's Academic Honesty Rules; do not plagiarize. 18. Length of report: some students find 4 or 5 pages to be sufficient (not counting attachments, Fund Facts and appendices) while others submit 810+ pages