Q1: A successful business owner, Paul along with his wife (they currently do not have kids) have the following in assets and liabilities:

$250,000 RRSPs for Paul and his wife has $100,000 in RRSPs;

The couple has annual income around $180,000 and budgets of expenses around $120,000;

They are 43 years old;

They own their home worth $2,000,000 and have the outstanding mortgage of $1,300,000.

The couples are considering to either invest one more property and/or change their current primary residence to a larger house with a separate legal suit for mortgage helper;

Use the six essential components of financial planning to provide sound financial advice to the clients. (50Marks)

Q2: As a financial planner, your clients are always discussing with you some key financial/economy news for your views regarding their financial planning strategy and investment portfolio allocation. Please refer to the following case scenario:

If you expect 2022 the capital market is rather volatile and slow economy recovery. You should adjust asset allocation among equity, fixed income (bond) ,cash and any other investment vehicles. (News reference is in below

Please write a financial planning email memo to address your clients their concerns to illustrate your views clearly and action plans to advise them;