John and Maria don't feel like there's any problems with managing their money but do feel that
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- John and Maria don't feel like there's any problems with managing their money but do feel that they can probably invest better. They don't want to lock all their savings away as they still would like access if needed.
- Maria doesn't want advice, but John feels like his funds are a mess and can't even tell how performance, fees are tracking.
- John would like to get his superannuation sorted into just one fund, that's easy to track, that makes sense in how it's invested and meets what he wants in terms of the risk/return in the way it's invested.
- John also wants to hold insurances inside superannuation where possible, so they reduce the impact to his cashflow as unlike Maria, John is more concerned about his immediate cashflow.
- Maria wants to keep her existing superannuation fund but doesn't want her insurances held within superannuation as she doesn't want her retirement balance to reduce due to premiums.
- Maria wants recommendations for any insurances to be made outside of super.
- John and Maria own a three-bedroom house which they would like to pay off as soon as possible.
- Both John and Maria are concerned they haven't got any protection in an event like a heart attack.
- John and Maria feel they're both very outgoing people and feel like they'll be spending about the same in retirement that they're spending now. They don't want to compromise their lifestyle.
- Maria has been considering a career change into teaching for a while and will decide in the next few months if she's going to do it. No firm plans are in place at this stage.
- John and Maria are very happy where they live and don't wish to consider downsizing
Question 1) Identify clients' goals and objectives that are measurable, time specific and in priority order?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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