The strategies of investment are going to change over a customer's life.

A customer working full time in his/her mid forties wants to accumulate capital to

bolster his/herself in retirement in the future 15-20 years. Another customer who is 65 years old and is self-funded retiree retired lately from work.

Explain and identify what may be the typical objectives of investment and portfolio allocations across the four main asset classes for each client. In your answer, ensure you discuss the role of the asset classes to provide income or capital growth and the risks.