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Jacky Amos has been an experienced senior auditor at KPMG in London for over 1 0 years. You are his wealth manager, and he wants
Jacky Amos has been an experienced senior auditor at KPMG in London for over years. You are his wealth manager, and he wants to buy a new property shortly. You are required to prepare a tailored wealth management report according to his financial needs. Pay attention to his financial conditions and needs: a Jackys annual pay is with a bonus per year before tax. b Jacky is years old, unmarried, and lives alone. He has no dependents. c His rent and bills are per month in a small onebedroom flat in Canary Wharf. d Jacky is a risk lover and willing to take higher risks. e Jacky has investment in financial assets, primarily in equity stocks, cash, and ISA products f Jackys occupational pension plan, which is a defined contribution is worth at present. g He wants to buy a bedroom apartment worth with a year mortgage on zones and of London. h Jacky is keen to discover and buy the property before the end of April you may presume that if they are financially comfortable, the transaction can be expedited to meet this deadline in terms of paperwork and keys Jacky has approached you as his assetwealth manager to seek advice on the feasibility of purchasing this property. Consider the following questions: a As their wealth manager, what further information would you require from Jacky concerning his investment objectives and constraints? marks b How would you assess his risk appetite considering Jackys willingness to riskier investments? marks c What vehicles would you recommend to Jacky to optimise his financial resources? Explain fully what options he has and what your recommendations are. marks d Explain how Jacky can assess the performance of his investments and personal income tax for marks
Jacky Amos has been an experienced senior auditor at KPMG in London for over years. You are his wealth manager, and he wants to buy a new property shortly. You are required to prepare a tailored wealth management report according to his financial needs.
Pay attention to his financial conditions and needs:
a Jackys annual pay is with a bonus per year before tax.
b Jacky is years old, unmarried, and lives alone. He has no dependents.
c His rent and bills are per month in a small onebedroom flat in Canary Wharf.
d Jacky is a risk lover and willing to take higher risks.
e Jacky has investment in financial assets, primarily in equity stocks, cash, and ISA products
f Jackys occupational pension plan, which is a defined contribution is worth at present.
g He wants to buy a bedroom apartment worth with a year mortgage on zones and of London.
h Jacky is keen to discover and buy the property before the end of April you may presume that if they are financially comfortable, the transaction can be expedited to meet this deadline in terms of paperwork and keys
Jacky has approached you as his assetwealth manager to seek advice on the feasibility of purchasing this property.
Consider the following questions:
a As their wealth manager, what further information would you require from Jacky concerning his investment objectives and constraints? marks
b How would you assess his risk appetite considering Jackys willingness to riskier investments? marks
c What vehicles would you recommend to Jacky to optimise his financial resources? Explain fully what options he has and what your recommendations are. marks
d Explain how Jacky can assess the performance of his investments and personal income tax for marks
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