ADMS 3541 Lecture Notes - Lecture 3: Current Asset, Income Splitting, Tax Efficiency

• School: York University
• Department: Administrative Studies
• Course: ADMS 3541
• Professor: Alan Go

Document Summary

P r e pa r e d b y: Client"s goals and expectations (be specific and prioritize goals): Notes: do not include the financial planner"s goals here, divide client"s goals into: short-term, mid-term & long-term, financial management. Students to provide a brief explanation of the above current financial situation. Determine strengths and weaknesses in the current and projected financial position of the client. Is the debt repayment plan appropriate in light of the client"s goals. Is the savings plan appropriate and adequate in light of the client"s goals. The section of the financial plan reviews the client"s investment plan and strategies. This review focuses on the appropriateness of the client"s current consolidated investment portfolio asset allocation, in relation to the client"s stated goals and objectives, risk tolerance and time horizon. Summarize client"s risk tolerance, time horizon and investment objectives. Detail client"s current asset allocation and levels of diversification.