You have recently been hired in AdvanceCo which is a firm that provides coaching and consultancy services to individuals. The company has three departments. The first department provides life coaching services, the second provides career coaching services and the third provides personal finance advisory services for individuals. You have been hired as a personal finance coach/consultant. Your main task is to provide advice to customers on how to deal with their personal finance issues to help them achieve financial success based on their different circumstances, incomes and financial goals. After six months, your manager requested a report about one of your clients, aged between 18 and 45 years old, and how you helped him/her. You need to submit a report to your manager featuring all details of this client and your engagement with this client. The report should include the following:

1) Client details: Age, career stage, main objective (save, invest, settle debt etc), social status (single, married, married with kids etc) and any other details you see relevant.

2) Your recommended strategy or your personal preferences that you generally recommend for your clients and how you customize your advice based on the client financial goals and objectives.

3) What are the specific steps or strategies you advised your clients to follow to achieve their financial objectives?

4) What is the rationale, based on theory and/or research that justifies your recommendations? For example, you might advise one client to invest in the stock market based on the efficiency of the stock market of the country in which he/she resides yet advise another one to avoid the stock market if he resides in a country where the stock market is less efficient or riskier.

5) How the financial objectives of the client (pay tuition for kids, purchase a luxurious yacht, pay health care bills for parents, start a new business etc.) affects your strategy and hence influences the direction of your advice.

6) What are the unplanned disruptions that affected your client(s) financial status within this period and accordingly, how the client adjusted his/her objectives and how you changed your strategy based on such disruption? (Loss of job, bankruptcy of private business, moving to a different city with higher taxes or higher tuition fees)

7) What are the most significant revenues and expenses for the client and what are the expenses that could be avoided/decreased that you advised the client to reconsider to be able to settle debt, save and invest.

It is expected that you have been with working the with the client for a long period of time and that that the client meets you every one or two weeks to update you on his/her financial status. The clients can be living in any country, and you could be in any country and meetings could be virtual. It is very important to back up your strategy/advice with theory and research related to personal finance and behavioral economics if possible, and you can make use of the ideas, tools (statement of personal net worth for example) and the research papers we discussed in class. We will have a sample case in class to give you an idea on how this could work and sometime will be devoted to give you guidelines on how to write down your reports.