Financial Planning Project Instructions:

You will serve as a financial advisor for your client to develop a financial plan. You can compile all the worksheets introduced in each chapter and use your real data as inputs to come up with a solid financial plan and recommendation for your client.

If you don't have any income source, you can find someone else, e.g. your friends or relatives, to have real data inputs. 

In your report, you will include:

(i) Background information description of your client(s).

(ii) Financial goals that you and your clients have discussed: short-term, intermediate, and long-term goals. If your client has set up buying a house or a car as his/her financial goal, you can provide suggestions on whether he/she will be better off by buying or renting.  

(iii) Cash budgeting, insurance planning, retirement planning and investment planning.

(iv) For each type of specific planning, you can use the worksheets we practice as references.

(a) For retirement plan, you need to come up with an advisory report on how much to contribute and what types of assets to be invested in the retirement plan,

(b) For investment planning, you need to analyze how much your client can afford for investment, and what investment portfolio is suitable to your client.

(c) For insurance planning, you can also get a quote for your client. 

(v) For each type of planning, using one page (no more than two pages) to summarize your financial advice. Finally write a solid and concise financial planning report for your client to convince him/her that you are a qualified financial planner and can do a good job for him/her. In total, the length of your project report will not be more than10 pages (not including charts or worksheets). Your client will appreciate a concise financial plan.

(vi) The grade of your term project will be evaluated according to your client's satisfaction.