You Are A Financial Planner For Afs Licensee Eanwb Financial Planning Nathan And Mar 2876995

Case study one — Nathan and Mary Davidson
You are a financial planner for AFS licensee EANWB Financial Planning. Nathan and Mary Davidson have been undertaking their own research into planning their retirement, and recently attended one of your firm’s retirement seminars. After this seminar they spoke with you about their concerns that they may not accumulate enough money in superannuation to fund their retirement.
You met with them and during your initial meeting you provided them with some basic information, including a fact finder for them to fill out. You then organised a second meeting, at which you collected more information on their current financial situation and spent time clarifying their needs and objectives.
A summary of their financial situation, based on your interviews with the clients, is provided below. The completed fact finder, including the risk profile questionnaire, can be found on page 10 of this assignment.
Current situation
Nathan, age 54, and Mary, age 52, are married and have two children, Jonathan and Sarah, who are nearing the end of their schooling.
They own their own home, valued at $600,000, and have recently received an inheritance from the estate of Mary’s mother.
Document Preview:

Case study one — Nathan and Mary Davidson You are a financial planner for AFS licensee EANWB Financial Planning. Nathan and Mary Davidson have been undertaking their own research into planning their retirement, and recently attended one of your firm’s retirement seminars. After this seminar they spoke with you about their concerns that they may not accumulate enough money in superannuation to fund their retirement. You met with them and during your initial meeting you provided them with some basic information, including a fact finder for them to fill out. You then organised a second meeting, at which you collected more information on their current financial situation and spent time clarifying their needs and objectives. A summary of their financial situation, based on your interviews with the clients, is provided below. The completed fact finder, including the risk profile questionnaire, can be found on page 10 of this assignment. Current situation Nathan, age 54, and Mary, age 52, are married and have two children, Jonathan and Sarah, who are nearing the end of their schooling. They own their own home, valued at $600,000, and have recently received an inheritance from the estate of Mary’s mother. Although they have cleared their mortgage, they still have access to a redraw facility of $100,000. However, they do not want to access this unless there is as an emergency. Nathan is a full-time sales representative for an agricultural supplies company. He earns $140,000 annually plus superannuation guarantee (SG) contributions from his employer paid into the employer’s default fund. Mary is primarily a self-employed marketing consultant and has business income net of expenses of $65,000 annually. She also works as a contracted employee in a mining engineering company. Her hours vary, but typically she earns about $5600 annually, plus SG which is paid into the employer’s default fund. Jonathan and Sarah attend a private school and Nathan and Mary pay a total of $7,000…

Attachments:

Case-study-Su….docx

Prof. Angela

4.6/5

Calculate Price


Price (USD)
$
Open chat