Business Administration - Financial Planning RFC230 Lecture Notes - Lecture 1: Financial Plan, Life Insurance, Student Debt
19 Jan 2017
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Sharing information/meetings with third party consultants, however w/ written consent. Must disclose compensation for referrals: do or do not. Assumptions: ex, longevity, investments returns, inflation, interest rates structures. You don"t want to duplicate information: when you update the document, you might forget to update the duplicate. After attending a seminar sponsored by her firm which featured a fp, Sonia sets up a meeting with the fp. Sonia"s mother recently past away and left her with a ,000 inheritance (a life insurance payout). Sonia is soon to be married and would like to secure her financial future, having experienced financial hardship as a child and incurred considerable debt after putting herself through school. Her mother"s inheritance is the largest sum of money she has ever received. Sonia, a 25 year old school teacher, investigates the equity mutual funds sold by the fp"s company and is very impressed by the rates of return.
