Our Services

Get 15% Discount on your First Order

Case Study – The Ramesy: Prepare a complete Statement of Advice (SOA)

May 22, 2023

Case Study – The Ramesy

Family Robert Ramesy (aged 45) is married to Georgina (aged 42). They are living in a lovely beachside suburb North of Sydney. They have two children, Leila (10) and Lachlan (6). Robert is a partner in a large law firm. Robert enjoys working in the law firm notwithstanding the fact he works very long hours and travels frequently. However, he has been thinking about how he can slow down so he can have more time to see his wife and spend time with his children. He is currently planning to stay in the same firm for at least the next 10 years, after which he is considering starting his own firm as this will also allow him to scale back his hours coming into retirement and will allow him to remain involved in retirement on a part time basis. Georgina is a chartered accountant and has recently been made a partner. She is always trying to balance between work and family.

She would like to reduce her hours; however, the cost of living pressures including the children’s private school education require her to work full time. Robert and Georgina have been discussing for a while the need for them to see a financial adviser to help them put in place a plan for retirement, particularly in light of the latest superannuation changes as they would like know whether the changes impact them and their retirement plan. They would also like a plan to manage some upcoming expenses including their planned holiday, buying a new car and house renovations.

Investment Advice

o Risk Profiling – Robert and Georgina’s attitude to risk: o Robert likes owning shares as from his financial background, he understands that Australian shares and shares in general may have higher volatility than some other asset classes, however, they tend to perform well over the long term. Robert is comfortable with taking risk if he can understand it and see that there are possible rewards.

o Georgina on the other hand was brought up in a very conservative family where her family had most of their money invested either in government bonds or term deposits with one of the major banks. Georgina’s family have always talked in front of her that they dislike share investments as they feel they can’t sleep for worry about market events. However, they have also said to Georgina several times that she could never go wrong with property investment and have always encouraged her and Robert to buy a house when they first got married. Georgina therefore is more conservative than Robert when it comes to risky investments; however, as a result of studying finance subjects at university she can see that sometimes there could be some merit in taking calculated risks to achieve better returns.

o Robert and Georgina have both indicated they wouldn’t mind taking some calculated risks to help them achieve their objectives.

You are required to assist Robert and Georgina in identifying their appropriate investment risk profile based on Robert and Georgina’s attitude to risk, goals, objectives, risk concerns, time horizon and liquidity needs, etc. You also need to address the following: • Provide specific asset allocations and how you will address investment diversification.

• Address the issues for goals based risk profiling (i.e how investments may differ to meet specific goals with a specific or shorter time horizon). Be specific with your recommended solutions. • Specific investment portfolio recommendations providing reasoning and justifications. In this section, you need to provide your strategic asset allocation advice followed by specific product investment advice.

Your task now is to prepare a complete Statement of Advice (SOA) for Robert and Georgina. The information provided in the client scenario is to be used in preparing your calculations and advice. As the assignment is to be a SOA for clients, it should be in a suitable format and use appropriate language. Clarity and conciseness are important but full explanations are required. As part of your advice to the clients you need to address the following:

• Asset allocations and diversification.

• Investment portfolio recommendations, providing reasoning and justifications.

#Case #Study #Ramesy #Prepare #complete #Statement #Advice #SOA

Advice, case, complete, Prepare, Ramesy, SOA, statement, study

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

HEPATITIS C USING APRI SCORE

Determination of Human Subjects Research Form and my project proposal. please, research about IRB. write the Description. Referencing the Determination Checklist on Page 2, briefly describe project objectives, the subject population and types of data/specimens to be collected and analyzed, how the data/specimens will be obtained, and why you determined

Oral Language chart of phone conversation

Instructions In an APA formatted paper, paste the template found in doc. sharing. Define each of the terms and then watch the video of two children talking on the phone. Rate the language development of one of the two children in the video found at https://www.youtube.com/watch?v=sL3vqlHabck Use the SOLOM. Using

Motivations of Private-Sector Organizations

Presidential Policy Directive 8 (PPD-8) is part of the national preparedness goal and provides a description for preparing for the threats in an all-hazards approach that pose the greatest risk to the United States. Community preparedness is a shared responsibility of the whole community. In addition to the public sector

Ethics Case Study

A student’s analysis of the ethic case must use the following written structural framework, which can be written as a memorandum to the file. Without the bullet points – these indicate required headings for each of the four sections. The following the description heading below to form a memorandum to

The Relativist Ethical Position.

In your post, address the following: To what extent would you agree with the view that research should rely on a relativist ethical position—rules or duties may vary across different communities and professional groups? What examples could you suggest to support this view? References: – Doing Research in a Business

What is the overall impact in Muslim communities who have been exposed

Research in the field of addiction studies has important implications for individuals, groups, organizations, the government, and society at large.Develop and hone your empirical question/issue, search the literature, read and analyze the literature, and form conclusions regarding your research question/issue based on the scientific articles. Number of references: Your paper

Poverty in the classroom

A four-unit research paper in APA formatting centered around the effects of poverty in education. The first unit needs to be about the effects poverty has on students in the classroom and needs to be 8-10 pages. Second unit is on the effects of substance abuse on students in the

Causes of America’s War in Vietnam

Description Formatting 12 font or smaller, standard script (e.g. Calibri, New Times Roman), 1.00-1.25 margins maximum, double spaced, clean appearance, etc. Basic organization is simple— don’t make it difficult Title— choose one that reflects your views on the topic to inform and engage your reader from the start, do not

International Finance

1. Discuss different ways that dominant investors use to establish and maintain the control of the company with relatively small investments. 2. Following corporate scandals and failures in the U.S. and abroad, there is a growing demand for corporate governance reform. What should be the key objectives of corporate governance

Workflows in telemetry

Workflow analysis aims to determine workflow patterns that maximize the effective use of resources and minimize activities that do not add value. There are a variety of tools that can be used to analyze the workflow of processes and clarify potential avenues for eliminating waste. Flowcharts are a basic and

Critical Decision Making for Providers

View the scenario called “Critical Decision Making for Providers”. In a 750-1,200 word paper, describe the scenario involving Mike, the lab technician, and answer the following questions: What were the consequences of a failure to report? What impact did his decision have on patient safety, on the risk for litigation,

Information Systems-Decision Making

1. Identify one cyberattack that occurred in the last 2 years. What caused the cyberattack? How did the cyberattack impact data loss, financial loss, cleanup cost, and the loss of reputation? If you were the manager of this company, what are some key steps you would have taken to prevent

Aircraft Lubrication Problem Research

When performing a post-flight inspection, you discover the bypass indicator for the engine oil filter is indicating that the filter is in bypass. Identify reasons that would cause the oil filter to go into bypass. Explain what procedures you will take to determine the airworthiness of the lubrication system and

Describe a system

Describe a system (object, situation, etc.) whose dynamics could reasonably be modeled as a harmonic oscillator, i.e., by using a second order, constant coefficient ordinary differential equation (with or without some “damping”). In your description, be sure to include the following: a. Convince the reader why the dynamics can be

Crime and punishment in modern society

Description Students are required to complete two essays of 1,250 words each. You must submit an electronic file containing both pieces of work to turnitin by the hand in date of Friday 5th April 2019. Choose two from the following: How have Marxist ideas been applied to understandings of crime

Climate Change In South Florida

Description Requirements: No less than 1400 words of text, not counting title and reference pages, in APA style. No less than six unique references on the scientific content (Please don’t use class texts, dictionaries, or encyclopedias. Also, you may cite general organizational information from the websites of your three nonprofit

Family Assessment using the CFAM Model

Description Assignment: Family Assessment using the Calgary Family Assessment Model (CFAM) Length: No more than 10 pages; not including cover page or reference page Format: APA, double spaced, 1 inch margins, headings as per APA References: Citations must be used to support your writing. References that are used in the

Using E-Books in the Teaching and Learn

Description Develop a template (e.g., a book report guide) for students to use to evaluate an e-book. Develop a lesson based on an e-book. Develop a template of how to evaluate an online reading program. You should keep this in your personal “toolbox” of resources for use later in the