The purpose of this assessment is to encourage the synthesis and integration of theoretical concepts with the context of answering a practical problem and offering commercial solutions to a client. Hillary is a financial planner. Bill has recently retired and now has $500,000 in superannuation. Bill seeks investment advice from Hillary. Hillary advises Bill to invest $200,000 of his superannuation funds in Zinc Alloys Ltd. Hillary tells Bill that she has looked at the accounts of that company and it is a good investment.

 Unfortunately, Hillary has misread the accounts of the company, which is almost insolvent. Bill invests his money and Zinc Alloys Ltd immediately goes into liquidation and Bill loses all $200,000. Bill discovers that many financial planners were aware of the poor financial position of the company and warnings had been published in several accounting journals and financial newspapers that Zinc Alloys Ltd was in financial trouble. 

Advise Bill. In your answer discuss whether Bill has any legal rights against Hilary. For the letter, Bills address is 19 Berry Street Fruitville NSW 2922.

Other Requirements: The letter should include an attached Diary Note (or appendix). Use of ILAC method