Design a well customized asset allocation model for the clientAna whojust turned 26 years old. After losing her parents in a car accident a month ago, she inherited $5million. She is very optimistic about the current market and has asked your firm to identify a personal wealth portfolio, commensurate with that market outlook andrisk level, which outperforms the S & P 500 performance return. She prefers to invest in stocks, bonds, and mutual funds, but is open to other options includingoffshoreinvestments or other strategies to minimize her tax burden. Because she is a single parent to her one-year-old son, Robert, and is currently attending graduate school, she also needs to keep some of her assets available to pay tuition and daycare expenses over the next two to five years. She also wants to make sure Robert is provided for should something happen to her. Although retirement is many years away, she would like to start planning for that eventuality. Ideally, she wouldlike to retire at age 60, with at least $100,000 per year annual income (adjusting for inflation and not including pension or social security benefits), and ideally more,and briefly explain the asset classification and diversification logic. Summarize your security selection process. Discuss how the portfolio would likely achieve the clients overall goal and maximizes returns at the lowest risk possible based on the clients profile in the Final Project Part I Guidelines and Rubric document. How does your security setup, composition, or portfolio compare to market performance? Finally, explain the various risks inherent in the investment types and illustrate numerically the various portfolio measures including variance, standard deviation, expected return, beta, covariance, and correlations.