Dr White is a 55-year-old professor of Chemistry at a university in London. His current sources of regular income, all before tax, include his university salary (GBP 70,000 p.a.), his other educational and consultancy income (GBP 30,000 p.a.), his rental income from an investment property (GBP 20,000 p.a. net of all expenses), and financial investment income from the bank savings deposit of GBP 1 million at 1% (GBP 10,000 p.a.)

Mrs White, a housewife active in local charities, does not have any income of her own and does not normally interfere with household financial decisions. They have one daughter and one son, both married and have families of their own. Dr and Mrs White are interested in helping with the education of their three grandchildren (currently aged 5, 3 and 2) and have promised to provide for their university education, when the need arises.

His current expenses include a variable rate mortgage on his current residential house costing him GBP 30K p.a. and other living expenses of GBP 25K p.a.

He aims to retire at 65, after which he will receive a pension, and hopes to go on an overseas holiday with his wife at least twice a year after that, till their health allows. He also has a life insurance policy that pays out GBP 250,000 if he dies before the age of 70 years.

He has reasonable knowledge of finance and various investment products but have never tried them in the past. The current cost of living crisis in UK, high inflation rates, and negative real rates have made him nervous, and he has started to think about more active management of his current investment portfolio along with his regular yearly savings. He has moderate appetite for financial risk and is open to fixed income, equities, and structured products where capital is at least protected to 80% of initial investments. He is willing to learn about new products too.

He has been advised to approach you for help with his investment planning.

A). Review of the client current financial context should include your analysis of client's background, financial objectives, risk preferences, and expected outcomes of his/her financial planning exercise

B). Your identification of key wealth management products that are suitable and appropriate for the client. Why do you think these products are right for him/her .

c). Construction of a portfolio suitable for the client using products already selected by you, and/or cash plus other investments, stating proposed allocation of wealth among them. A detailed analysis of portfolio risk and expected returns under various market scenarios.