Client's Investment Needs o Type of client o Client risk profiling and goals setting o Time horizon

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Client's Investment Needs o Type of client o Client risk profiling and goals setting o Time horizon o Risk tolerance o Income needs o Liquidity needs o Tax considerations Suitability of Investment Instruments Downside risks

Use the below Client Information to complete the above discussion points. Name: Jamila Widodo Gender: Female Age: 33 Dependants: None yet but hopes to start a family with de-facto partner "sometime soon." (Plans on having at least two children.) Marital status: De facto but is hoping to marry. Partner is an artist with irregular income. Homeowner status: Owner-occupier home worth $1,450,000 at the Gold Coast with outstanding mortgage of $610,000 Working status: Works full-time as a Marketing Manager for a top-tier Australian Mining Company. Full time employee with the normal benefits including an employer superannuation contribution of 13%. Investment property: Value - $800,000 with outstanding mortgage of $450,000 Savings: $220,000 Salary: $205,000 p.a. plus bonus Objectives: o Be a self-funded retiree and have a comfortable retirement. o Provide seed capital for her sister's fledgling children's clothing business. o Put the children she hopes to have, through university. o Set up a bursary at her old University.

Income: 1. Salary: $205,000 p.a. 2. Bonuses: This can vary widely, but let's estimate a modest 10% of her base salary: $20,500 3. Investment Property Income: Assuming a rental yield of 3-5% p.a. for an $800,000 property: $24,000 - $40,000 4. Partner's Income: Not specified, so we'll exclude this from calculations.

Total Estimated Income (Gross): $205,000 (Salary) + $20,500 (Bonus) + $ 24,000 (Low-end Rental Income) = $249,500 per annum

Expenses: 1. Living Expenses: A general rule is that living expenses can be around 30-40% of gross income. For high earners, it can be less, but we'll estimate on the higher side due to potential higher living standards: $70,000 - $100,000 p.a. 2. Mortgage Payments: Primary Residence: Estimated at a 30-year term with a 3% interest rate, monthly payments would be around $2,575 ($30,900 p.a.). Investment Property: Under similar terms, monthly payments would be around $1,898 ($22,776 p.a.). 3. Property Taxes and Insurance: Assuming around 1.5% of property value p.a.: $33,750 (Total for both properties) 4. Health Insurance: Around $3,000 - $5,000 p.a. 5. Car Payments: Assuming a car loan of $30,000 at 5% over 5 years: around $5,680 p.a. 6. Savings and Investment Contributions: Let's estimate that she saves or invests 20% of her income: $49,900 p.a.

Total Estimated Expenses: $70,000 (Living) + $30,900 (Primary Residence Mortgage) + $22,776 (Investment Mortgage) + $33,750 (Property Taxes and Insurance) + $5,000 (Health Insurance) + $5,680 (Car Payments) + $49,900 (Savings/Investments) = $217,006 per annum

Assets: 1. Primary Residence: $1,450,000 2. Investment Property: $800,000 3. Savings: $220,000 (Current savings, not adding annual savings contribution) 4. Superannuation: Without knowing the balance, let's conservatively estimate $200,000 given her income and assuming several years of contributions. 5. Personal Property: This can vary widely, but let's estimate $50,000 for a car and other personal items.

Total Estimated Assets: $1,450,000 + $800,000 + $220,000 + $200,000 + $50,000 = $2,720,000

Liabilities: 1. Mortgage on Primary Residence: $610,000 2. Mortgage on Investment Property: $450,000 3. Car Loan: Assuming $30,000 as per the car payments estimation

Total Estimated Liabilities: $610,000 + $450,000 + $30,000 = $1,090,000

Net Worth (Assets - Liabilities): $2,720,000 (Assets) - $1,090,000 (Liabilities) = $1,630,000