develop a detailed financial plan for a client. A client profile will be developed, an investment portfolio developed, and a reflection on the outcome conducted. The portfolio must contain the following items:

A. Who is your client? You have the freedom to create your fictitious client but you must have clearly defined investment goals. Your client must have 3 investment goals with each separate goal relating to a different time period (short term, medium term, long term). Your client must be in their midearning years life stage. You determine the persons occupation, savings, income, number of children and any other lifestyle information. Criteria: Have you created a realistic profile of the client and provided answers to the kinds of questions a financial planner would ask? Has disposable income been calculated based on current income tax rates? Has a monthly budget and cash flow statement been prepared? Is the budget realistic? Are the goals clearly stated in terms of time? Are the goals SMART?

B. Investment Goals In this section you will state specifically how much money the client will need to meet his or her investment goals and how much the client must save weekly, monthly or yearly to meet that goal. All saving/investment plans to meet the goals must be in the form of annuities. Criteria: Have you stated goals clearly and given dollar amounts required to meet them? Have you offered clear and objective evidence to explain the monthly savings required to meet the goals? Have you properly referenced all sources? Are all saving plans in the form of annuities? Have you considered the effects of inflation?

C. Asset Allocation Model In this section you use the investor profile to develop an asset allocation model dividing the investments into cash, fixed income, equity and speculative. Explain your choices. Your asset allocation must contain at least one type of investment from each of the cash and fixed income categories. Your asset allocation model must have at least three equity investments. Speculative investments should be considered for high risk investors. Criteria: Have you shown an understanding of risk, liquidity, return and time frame in selecting an asset allocation? Have you offered clear and objective evidence to support your asset allocation? Have you adhered to the required number of investments for each investment category?

D. Investment Decisions This section recommends specific investments to be part of the asset allocation for the portfolio. These must be real investments and the costs of the acquisition should be identified. A proper analysis includes an economic analysis, industry analysis and company specific analysis financial ratios.