olution a): i) The continues development in technology have great effects on market at many level. New technology development is providing ability that otherwise the existing traders would offer. ii) Understanding vast amount of data to make investment decisions and rapidly taking various trading decisions are the among the benefits the new technology is providing to traders. iii) The performance of financial service sector has changed due to rise in digital technology like banks are providing various financial planning and trading applications that help the investors to make there investment decisions wisely. iv) Due to technology development people and devices are interconnected and merging of real time data is providing traders to use that data to make decisions. Therefore we can say firms following "traditional" approachs for investment managment which is time consuming and restricted will find it difficult to identify and acquire under priced security. Solution b) : I) Strenghts and weaknesses to advise first: Strenghts: This approch will very useful to make comparative analysis for making long term asset allocation. Comparing the risk, return and correlation of each asset class will help in making statistical analysis and accordingly the final decision can be made. Weaknesses: It will be time consuming therefore not recommented for making quick decisions. ii) Strenghts and weaknesses of advice second: Strenght: Completely depending on own experience will be less time consuming. Considering the outcomes ( positive or negative) of past decisions will currently help in making quick decision. Also with time situation changes therefore it is not necessary that what others have experienced in their past will certainly be current scenario. Weakness: Only self reliance can sometimes lead to risky situations. Considering the experience of others that is considering the historical outcomes will have will better decision making. Therefore considering the above strenghts and weaknesses of various advisor it is recommended to pursue the advise given by advisor 1