personal-financial-planning-report

PersonalFinancialPlanningReportNameStudentIDLiuZhifei3830810WangYifei3830820WangYuting3830819ZhuWenbo38309302TABLEOFCONTENTSChapter1-Introduction.............................................................................................................31.1FinancialPlanningStrategy..........................................................................................4Chapter2–PersonalInformationandFinancialPosition..........................................................62.1Family'sInformation..................................................................................................62.2Client’sFinancialPosition.........................................................................................62.2.1PersonalCashFlowStatement.........................................................................62.2.2PersonalBalanceSheet....................................................................................82.3RisktolerancesandAttitudestowardrisk(163)........................................................8Chapter3-IdentificationofFinancialGoalsandProblems....................................................113.1IdentificationofFinancialProblems(74)...................................................................113.2IdentificationofFinancialGoals(104).......................................................................11Chapter4-DiagnosticAnalysisofFamily'sFinancialPosition..............................................124.1FinancialRatiosAnalysis(140)...............................................................................124.2AnalysisofFinancialStructure(59)........................................................................124.2.1StructureofEarnings......................................................................................124.2.2StructureofAssets..........................................................................................134.3SWOTAnalysis(210)..............................................................................................14Chapter5-Recommendations.................................................................................................165.1FinancialAssumptions(170).......................................................................................165.1.1InflationRate.....................................................................................................165.1.2InterestRate(67)...............................................................................................175.1.3NationwideHousePriceIndex(54)..................................................................175.2FinancialAdvise(265)................................................................................................185.2.1Comparisonoffinancialtools...........................................................................185.2.2AnalysisofAssetRedistribution.......................................................................185.2.3RecommendationsofAssetRedistribution.......................................................205.2.4RecommendationsofFamilyInsurance............................................................215.2.5RecommendationsofHousePurchasingPlan...................................................213Chapter1-IntroductionFinancialPlanningwillhelpachieveMissZhang'sdesirablefinancialobjectivesbythemeansofappropriatemanagementofherfinancialresourcesandidentifytheprioritiesoneachofhergoals.Tohelpyourealizeheraims,weassessherpresentfinancialposition,identifyhergoalsatdifferentstagesofherlifetimeandthendeterminetheachievablegoalsandtheoptimalmeanstoachievethem.Thefinancialplanningmodelaimedatidentifyingherstatusquotaandpredictherfuturesituations.AlltheanalysisisaccordingtothedataprovidedintheFinancialPanningQuestionnairecompletedon04-27-2011.Relevanttablesandchartsaregivenforfacilitatingustounderstandandclarifywhatisgoingon.Whenweorganizeherfinancialplan,takingthefundamentalaspectsintoaccountfirstly,thatisherpersonalinformation,financialinformationandfinancialplanningobjectives.Inthesecondplace,wemoveontoaddressmorespecificandcomplexissuebasedonthebasicelements.Basedontheanalysiscombingwithherlifeandoccupationcharacteristics,weputforwardrecommendationsintermsofconsumptionandcashflowplan,investmentandriskmanagementplan,retirementplanwhichasawholearedesignedtomakeapproachabletothedesirableaimsandobjectives.Wedeemthatalltheseadvisesarematchingyourcurrentfinancialneeds,achievableprojectionandprioritiesandtheyarealsosoflexiblethatwecanmaketimelyadjustmenttosuitanyfuturechangesinyourpersonalandfinancialcircumstanceswhichwewilltraceandpayongoingattentiontoaswellascheckregularly.Wemakeaseriesofassumptionwhendoingther.Butactuallyprojectionsbasedonthesearequitesensitivetothem.Evenalittlechangeintheeconomicconditionwillimposeasignificantinfluenceonherprojectedfinancialsituationinthecomingyears.Thus,suchachangeintherealsituationwillturnheractualfinancialoutcometobeevenradicallydifferentfromtheprojectedone.Fortherreason,weadvisethathersituationshouldbe