Jane and Richard, a married couple in their mid

-

to upper

-

forties, have been building the $1.5 million they inherited about five years ago. Jane and Ric

hard are

very optimistic

about

the current market and want their portfolio to meet or exceed the stock market expectation of the last year. They have asked

your firm to

suggest a personal wealth portfolio commensurate to the market and risk level. The clie

nts are open to various investment options to achieve their goals and

expectations. In addition, the clients want to maximize wealth including offshore investment options or other strategies to m

inimize

U.S.

tax consequences.

Their goal is to have sufficie

nt funds available to maintain their current lifestyle of $200,000 per year (adjusting for inflation and not including pensio

n or social

security benefits) when they retire in 10 years. They also want to provide for their

14

-

year

-

old

daughter Mary's upkeep

and schooling should something happen

to them.