Scenario $1-$ Thomas Nelson Skye Abdul $$ Is aged $55$ and is planning on retiring within $10$ years. $$ Thomas owns his home in South Melbourne worth $$2,000,000$ and has an investment property worth $$600,000$ in Essendon with a loan owing $$400,000$ on it with Macquarie. $$ You are considering refinancing this loan for a better rate and fee structure for Thomas and he is also wanting advice regarding an upcoming inheritance as his father recently passed away. He is expecting $$300,000$ in the next $6$ months. $$ Thomas works as a software developer for Entry Group and his annual gross pay is $$145,000.$ Thomas has his superannuation with Entry Superannuation fund and the current balance is $$952,000$ Thomas has no debts other than the investment property In the table below,$$loan which he enjoys some tax savings on$,$ he is not keen on credit cards. $$ Thomas is married and his wife is retired. $$ Thomas is unsure what to do with his upcoming funds and really needs help and guidance along with a possible home loan refinance. $$ Thomas has a Mercedes A$3202020$ model worth $$55,000$ Thomas and his wife Penelope have $$25,000$ in savings with ANZ in a savings account for emergencies and bank day to day with Macquarie. They generally keep around $$4000$ in this account. They are not fussed about using apps for banking but do use web$-$based banking sites.$$Scenario $2$ Skye Abdul Is aged $25$ and is looking to start saving for her first home by living at home with her parents. They only charge her $$50$ a week to help with bills. $$ You have done a borrowing capacity based on income and she is able to borrow the amount she needs but needs to build up more savings, currently she has $$5,000$ in her salary account, she has no other accounts, and this is with Bankwest Easy Transaction account $$ She is wanting to make sure she has funds to buy a house but after reading the Barefoot investor book, wants to also build an investment portfolio with shares or a managed fund. She does not know anything about these yet other than reading a barefoot investor book. $$ Skye earns $$85,000$ as a Telstra store manager and only has a Bankwest credit card with a limit of $$3000$ and barely uses it$.$ Her plans are to buy a house in the next $12$ months, start to put funds aside to a separate managed or share portfolio within $6$ months and may need to upgrade her car in the next $2-3$ years. $$ Skye like the barefoot investor model of using $80\%$ of income and saving or paying off debt for the other $20\%,$ she likes to always have funds in her day$-$to$-$day account if any unexpected bill arrives. $$ She likes the convenience of banking with the app and is very happy with Bankwest. $$ Skye has $$24,000$ in superannuation with Aware superannuation. $$ Skye$$s car is worth $$8,000$ it is a $2015$ Ford focusQuestion as below for both the clients:In the table below, complete a risk profile for both clients regarding product risk levels, low risk $(1)$ to high risk $(5)$ This is based on the products that may suit both clients.$$ Place an x in the box you feel would be relevant along with the name of the client Thomas or Skye.$$ They could be the same level of risk or different depending on their circumstances.$$