Your Client Mr. Smith has booked the appointment with your associate and is exploring a variety of Investment and retirement planning options. He wants to better understand the offerings available to him. He recently received a $300,000 severance package. He wants to place the funds before he starts his new job next month. He has only invested in GIC's previously, and has a general understanding of the markets as he has owned Suncor stock in the past. His wife Sally age 41 suggests he should consider an appropriate Mutual fund as an option for better long-term growth and staying ahead of inflation, to meet their retirement needs. The couple has 2 kids age 11 and 13, and a Net Worth of 2.2 MM most of the wealth resides in their home which is paid off. They have an additional 25,000 in a savings acct and 50,000 2-year GIC. The key objective is long term retirement planning.

Answer rating: 100% (QA)

Given Mr Smiths financial situation and longterm retirement planning objectives there are several investment options he could consider to make the mos... View the full answer