Details of the Assignment: You have been tasked by the Chief Investment Officer of Mercury investment Advisors to create a short-pitch video presentation for your clients, Jane and Gabriel. Jane and Gabriel are both 60 years old, live in Australia and plan to retire in 5 years. They have a combined savings of $500,000 and expect to receive an annual Age Pension benefit of $37,393.20 (assuming the maximum basic rate as of September 2021). With a moderate risk tolerance, they aim to maintain their current standard of living during retirement. To achieve this, they plan to withdraw 4% of their portfolio each year to supplement their pension income. To ensure that Jane and Gabriel can maintain their desired lifestyle, it is crucial to design an investment strategy that generates the necessary expected returns while considering their age, risk tolerance, and financial goals. Your task is to design and present an appropriate asset allocation plan for their retirement portfolio that optimizes their expected returns while minimizing the associated risks, ensuring that they can sustain their standard of living throughout their retirement years. Task: Thorough analysis of Jane and Gabriel's current financial situation, including their retirement goals, investment time horizon, and risk tolerance.