For this assignment, you will play a role of a financial advisor, and for both scenarios, answer the following questions

What additional questions will you ask your client with respect to their risk appetite and Investment time horizon?

List your assumptions about the clients answers to your follow-up questions?

Based on your assumptions and the client details provided, what investment products would you suggest to your clients and why?

Scenario 1:

Suppose your client is a family of 4, consisting of husband, wife and 2 children. The husband (32 years old) and wife (30 years old), both are employed full-time in the tech industry with a family income of CAD 350,000.00 per year and own several real estate assets with a net rental income of $5000.00 per month. Jointly the husband and wife hold liquid assets in their joint savings account of more than $300,000. The husband and wife have 2 children, i.e. a boy who is 3 years old and a girl who is 1.5 years old). During your conversations with the husband and wife, you noted that their investment goals were saving for college for their children and wealth generation.