PERSONAL WEALTH MANAGEMENT Semester

PERSONAL WEALTH MANAGEMENT Semester 1, 2018 Practical Assessment— Case Infer Enactment Idiosyncratic or a Group of 2 Students Due date: 29th April 2018 11:59pm Weighting: Case Infer and Handbill - 30% Word Length: No further than 2000 control (bisect A merely). Content Coverage Disquisition Materials 1 to 6. Learning outcomes Know and complete humble financial deficiency part-amongition. Know concepts associated behind a while portfolio supposition. Appreciate the quality of taxation on financial sketchning and admire taxation jurisdiction Develop and be consequenceual to dubiously evaluate a financial sketch for an idiosyncratic. Other objectives: Research, substance solving skills, despatch skills, dubious thinking, congeniality ability. Assessment undertaking Question 1: Case infer You are a financial confederate and the subjoined counsel is an cite of postulates you gathered as bisect of legitimateity decision during an primal client board for married foreigner Janet and Steven Blake. Janet works as a Teacher and Steven works as town sketchner at the national synod. The accept two manifestation who are patriarchal 12 and 14. • Janet and Steven would affect to comprehend how fur coin they obtain assent-to behind paying tax and expenses for the year ended 30th June 2017. They would affect counsel on how to subdue their tax jurisdiction in the hereafter. • The Blake’s accept parti-colored their enduements by endueing together in a bank savings recital, a enduement and some Macquarie Group Ltd Shares. Their facilitate trace is equipollent to that of a development endueor. They accept end to you know how they should endue in the hereafter. • The Blake’s estate motive has been to buy a quality in the province and feed the appease estate 10 years from now. They deficiency to prevent a $200,000 warranty to conclude this hallucination. They accept $60,000 endueed now and they admire they can prevent $5000 p.a. for 5 years and then $10,000 p.a. for the 5 years subjoined this. They accept end to you see if they can conclude this motive? Inend for year ended 30th June 2017: Inend character Amount Gross Salary- Janet $70,000 Gross Salary- Steven $54,000 Vanguard Bond Fund- Distribution 3.85% (Janet) $770 NAB Savings Recital Janet- Share 2.3%- Janet $230 Macquarie Group Limited- Dividend $2.05 per share- Steven $410 (inequitable franking praise $80) ? Estimated annual expenses Item Amount Rent (650 per week)….……………………………….. 33,800 Electricity/Water/Gas 3,000 Telephone/Mobile 2,200 Pay television/Internet 1,100 Insurance –contents 1,200 Insurance – car3,000 Praise cards reprisals ($500 a month for 12 months). 6,000 Car hypothecations reprisals ($8000 a year for 5 year expression).…. 8,000 Petrol/maintenance ……………………………………. 6,000 Car registration ………………………………………... 800 Public ecstasy ……………………………………….. 2,800 Other expenses Food …………………………………………………… 12,500 Clothing/Haircuts/Beauty …………………………….. 5,500 Medical/Dental ………………………………………... 2,500 Entertainment/Dinners ………………………………... 6,000 Teacher Union Membership (Janet)………………….………… 1,000 Gifts - Birthdays/Christmas …………………………… 3,000 Sum ………………………………………………….. 98,400 Exoteric Assets and Liabilities Assets (Ownership) Exoteric valuation $ Jurisdiction (Ownership) Exoteric valuation $ Home Contents (Joint) 20,000 Praise cards (Joint) Includes the annual share claim 6,000 Car (Joint) 35,000 Car hypothecation (Joint) 5 year expression at 12% 30,000 Bank Account: Cheque Recital (Joint) 8000 Investments: NAB savings Recital (Janet) Vanguard Bond Cannonade (Janet) Macquarie Group Ltd Shares (Peter) 20,000 20,000 20,000 Required: A. Admire Janet’s and Steven’s behind-tax inend and savings relative for the year ended June 2018. Illustrate one way in which Janet and Steven could subdue their tax jurisdiction and likeness the consequence this manoeuvre would accept. B. Reapprehension the Blake’s enduement portfolio and illustrate whether they are parti-colored adequately. Infer twain enduements resisting incongruous asset systematizees and enduements behind a whilein systematizees. Create two recommendations on how they should diversify their portfolio for hereafter enduements and absolve these recommendations. C. Admire the hereafter compute of the enduement portfolio 10 years from now grand it obtain obtain a 5% p.a. behind tax. In this estimation you should embrace the FV of the exoteric enduements and FV of the offerings that Blake’s admire that they create balance the present 10 years. Assume that offerings are made at the end of the year and that the original offering obtain be made 364 days from now. Finally, illustrate one manoeuvre that Janet and Steven could thrust their motive further straightway and likeness the govern that this obtain accept. Important Note: While correspondent questions that include estimations, you are expected to define your entrance and illustrate your estimations. If assumptions are made, these assumptions must be lucidly certain. (5 + 5 + 5 = 15 traces) Financial Formulae savings (or coin residue) Savings relative = net inend behind tax Hereafter compute FV = PV(1 + i)n Annuity (Future compute) FV = PMT[(1 + i)n – 1] i Question 2: Infographic/handbill You are claimd to contemplation an infographic/handbill that would be used on financial sketchner’s website or displayed in their appointment. The meaning of the infographic/handbill is to illustrate to endueors the key similarities and differences between a slight union equity enduement (too determined a slight cap enduement) and conventional equity enduement (too determined a liberal cap enduement). The handbill should be self-explanatory and embrace legitimate counsel. So you deficiency to influence concomitant learning and you may insufficiency to collate two express enduements. For stance, you may insufficiency to collate the Legg Mason Martin Currie Slight Companies Cannonade to Legg Mason Martin Currie Core Equity Cannonade as there obtain be a visitor disquisition from Legg Mason hereafter to our systematize. Create confident to allusion your sources in the handbill. The aim of the handbill is to promulgate superfluous counsel about unwandering share enduements and equity enduements to an conference behind a while poor financial comprehendledge on this subject. Here are some conducive website allusions: Infographic/handbill websites: https://piktochart.com/ Otherwise, you can use Adobe Photoshop or PowerPoint to contemplation the infographic/poster. Website for enduements: Coin Smart https://www.moneysmart.gov.au/investing/managed-funds Counsel on enduements: http://www.asx.com.au/mfund/ Legg Mason enduements http://www.leggmason.com.au/en/index.aspx AMP enduements http://www.ampcapital.com.au/advisers/investing-with-us/ways-to-endue Vanguard enduements https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/productType=retail Submission of enactment: The infographic/handbill can be submitted as an likeness or by providing a web couple. It is your allegiance to enconfident that the examiner can precisely apprehension the handbill/infographic. (15 Marks) In direct to confutation claimments of this enactment, you may deficiency to bearing media other than the set citation. All sources used in your enactment must be lucidly allusiond, but there is no set referencing mode for this series. ? Marking criteria The traceing criteria for the sum enactment are as follows: Case Infer Marks Question 1 A 5 Question 1 B 5 Question 1 C 5 Question1 Sub-sum 15 Question 2: Grant (i.e. layout) 5 Content 10 Question2 Sub-sum 15 Overall trace 30 Question 2: Marking conduct for Infographic/Poster Question Possible traces Criterion Question 2 Grant (i.e. layout) 5 5 traces Distinguished use of graphics and postulates. Arrangement of counsel is close behind a while an invite to the conference. 4 traces Good use of graphics and postulates. Arrangement of counsel can be followed but may claim further endeavor by the conference. 3 traces Graphics and postulates are presented but poor or ill conducive. The grant can be silent but is not conference kindly. 0-2 traces Grant lacks graphics and/ or counsel. Arrangement of counsel does not infer the conference. Question 2 Content 10 8 - 10 traces Very acquitted, fully learninged and allusiond. Key similarities and differences authorized and an distinguished knowing demonstrated. 6.5 - 8 traces Clear, learninged and allusiond. Most similarities and differences authorized and a powerful knowing demonstrated. 4.5 - 6 traces Adequate counsel but not as fully learninged and allusiond. Not all similarities and differences authorized and merely bisectial knowing likenessn. 0 - 4 traces Poor counsel, behind a while diminutive learning and allusions. Does not likeness a acquitted knowing of similarities and differences. Not to undergraduate test.

Order a unique copy of this paper

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
Top Academic Writers Ready to Help
with Your Research Proposal