Within the analysis students should critically analyse the underlying currents of the topics to elaborate on. You are a personal wealth manager and specialise in providing personal financial planning advice to retail customers. A typical customer of yours is a self-employed trader with mostly business income. Your customers generally require you to help them source & plan their finances, get credit applications approved, help prepare financial and management accounts, and provide advice on retirement planning. One of your clients has referred a new client Mr Immigrant to you. Mr Immigrant is not a typical client that you will normally work for but since he has been referred by a major client of yours, you have accepted to provide advice to Mr Immigrant. Mr Immigrant has written a letter to you (provided on the next page) in which he has detailed his current situation and has requested you to help him with managing his cashflows and budgeting for any fluctuations in the cash balance. Specifically, he has requested you to provide a report detailing; 1. If there will be enough cash available in his bank account throughout the period? 2. How can he manage his cash outflows in case there is not enough cash available? Notes: 1. Use your year of birth as the rental income from the property. So if you were born in 1998 then the monthly rent is 1,998. 2. Any workings you do should be included in the report as appendix and references should be made to the appendix in the report. 3. You may choose to provide 2-3 different payment options to the client. In such case, you will need to provide all the different options in the appendices. 4. The word limit for the report (excluding calculations in appendices) is 800 words. . 30 August 2020 The Financial Planner London UK Subject: Help with my UK finances Dear Sir / Madam I have recently moved abroad from UK and have let my house in UK. I want to ensure that I wouldnt have to send any money from abroad to the UK to meet my various expenses. I have some debts and I want to ensure that those can be paid off from this rental income in the next year. Currently it seems that I have enough margin in my monthly rental income and my mortgage to cover all my expenses but I feel that I may be unable to make timely payments of my loans if I do not consider all the aspect of my income and expenditure in the UK. Delayed or non-payments of my borrowing will have a devastating impact on my credit score and I want to avoid that at all costs. I will also like your help in helping me determine the level of credit card payments that I should be making each month. Currently I have 750 in my bank account. Since it is already the end of August, I will like you to advice me starting from September 2020 and cover the next 12 months. As, I dont understand financial planning very well, I seek your help in this matter. Please find all relevant information attached to this letter in Appendix A and let me know if you require any further information. Kind regards The Immigrant

Appendix A Monthly rent Year of birth Estate Agents commission 7% of gross rent VAT deducted at source by the Agent 20% of the commission Monthly mortgage payment 1,332 Personal loan (monthly payment)* 240 Credit card payment ** Variable Payment for storage facility 42 per month (starting October 2020) Payment to housing committee 20 per month Single payments arising in September 2020 Gas safety certificate 78 Inventory taking of my property 266 House repairs prior to letting 500 The roof of the house needs repairs and I am planning to get it repaired in May 2021. I have asked around and it will cost 4,250 to repair the roof. * This loan shall be fully paid by January 2021 ** This payment is variable and I can adjust it based on how much money I have each month. I am currently availing a promotional offer on this credit card that allows me to pay the outstanding balance without any interest until March 2021. After that, interest @ 24% per annum will be charged. I do not want to pay this interest and hence my preference is to pay off this credit card by March 2021. The current outstanding balance on this credit card is 4,011.

Write a report with 1000 words