Financial Planning Report

In: Business and Management

Submitted By lecrossl
Words 5356
Pages 22
2k3build
2k3build

Financial Planning Report
Private & Confidential
Financial Planning Report
Private & Confidential

Table of Contents Current Financial Situation 2 Discovery 2 Financial Planning Goals 2 Assumptions 3 Assets assumptions 3 Liability assumptions 3 Timing to reach Goals 4 Personal questions 4 Tolerance for risk 4 Ethical issues to advise: Mr & Mrs Peters 5 Tax Computation - Frank 5 Net Worth Statements 6 Cash Flow Statement 10 Advice and recommendations 10 Retirement Planning – Lauren Crossley 10 SIPP Calculator 11 Claim back even more via your tax return 12 Investment Portfolio at a glance - Laura Darcy 13 Portfolio Analysis and recommendations 13 Educational Funding for University- Keenan Shaw 14 Estate Planning 14 Analysis of the death of the client 15 Financial Analysis 16 Appendix 16 References 18

Current Financial Situation
This confidential report was created for the use of Mr & Mrs Peters use only. Each section is designed to give a comprehensive understanding of the financial circumstances and also includes forecasting for the future. The report reflects your current financial position and where you are likely to stand in the event of disability, death or retirement. There is a legal disclaimer written by our legal team contained in the Appendix (see extract 1)
The goal of this wealth management plan is to make the greatest possible use of your present and expected financial resources. The plan assumes your expressed willingness and ability to take on an appropriate level of risk and also to make the necessary cash and investment commitments as a couple.
Your report complies all of your assets, liabilities, and sources of income, putting them into perspective in comparison to your stated goals and objectives. Recommendations are also included to…...

Similar Documents

Financial Planning

...DECLARATION FORM This is to verify that I PRAGYA SAHU student Of SCHOOL OF ECONOMICS,DAVV INDORE has undergone training from “STOCK HOLDING CORPORATION OF INDIA LIMITED”. DURATION:- For 38 days (from 1st June to 8th July) in field of finance. During the training the student has abided by rules & regulation of our organization & his code of conduct were satisfactory. Detail of Reporting/ Authorized officer: Name of person: Sandeep Sharma Designation: General Manager Email Id : sandeep_sharma@stockholding.com Contact no.: 9425508941 Signature of reporting I hereby declare that this Project Report Entitled as Financial Planning submitted for the Project work is an original work done by Pragya sahu and it is submitted to Stock Holding Corporation of India Limited, Indore and will be submitted to SCHOOL OF ECONOMICS DAVV Indore. Except above not submitted to any University or Institute for the award of any Degree / Diploma / Certificate or published any time before. Date: ___21/08/2012_________ Place: __Indore__________ Pragya sahu ACKNOWLEDGEMENT “The completion of any project depends upon the Co-operation, coordination and combined efforts of several resources of knowledge, inspiration and energy”. My sincere thanks to Mr. Sandeep Sharma (Branch Manager)......

Words: 12324 - Pages: 50

Financial Planning

...Financial Planning BA101 Kimberly Bernard What is financial planning for a business why is it important, and what can happen if not done accurately. Financial planning is simply planning for the future of a business to ensure there will be positive cash flow in the years to come. Financial management is essential because it will either make or break a business or company, if you start a business without putting a plan in affect and just start spending or making decisions this can be costly. Having a plan in place will help you set and achieve financial goals. A business’s priority when creating a financial plan should be accurate cash management. Accurate cash management will also help the business see if there could be the potential for a cash shortage during any particular time of the year. This is a crucial part of the plan, let’s just say a business is having an employee outing or event and they don’t have a financial plan in place, what will happened? The business can put them into debt or not have enough cash flow to fund the event, this would be an embarrassment for the business or they would have to find other means to funding the event like having the employees pay a percentage of the event. This would tell the employees one thing, that the company doesn’t have enough cash to even offer an employee outing or an event without the help of the workers, I know I wouldn’t want to work for a company that would ask for help for an event that they are planning. Another......

Words: 708 - Pages: 3

Financial Report

...Financial Report on Walt Disney Company Financial Report on Walt Disney Company Introduction Walt Disney Company Walt Disney has been selected for analysizng the financial position for this assignements. The Walt Disney Company is regarded as the second largest and most utilzied entertainment and media companies after (TMC) Time Warner Company. The company was established on 16th October, 1923 by Roy Disney and Walt Disney. Throughout the years, it has emerged as one of the largest Hollywood studios and the American Broadcasting Company. The corporate headquarters of Walt Disney is in California. The company primary involves in the service manufacturing industry, books, computer games, animation and entertainment studios and network etc. The Walt Disney and its subsidiaries have been loyal and committed towards the company and its success. Walt Disney has a rich legacy of creative content and story telling that is exceptional. (Walt Disney,2012) The word Disney is a renowned word in the media business industry. It is known for the provision of entertainment to adults and young alike. It comprises of an international theme park and a huge animation studio for production. The Walt Disney dominates the entertainment industry. The Walt Disney Company is a diverse international company in the field of entertainment. It is a media enterprise and comprises of five primary business segments (SBU’s). These include entertainment studies, interactive...

Words: 4081 - Pages: 17

Financial Planning

...Financial Planning The NHL Winter Classic is a hockey game played by two teams in the NHL. It is hosted either on, or close to New Years Day. The Classic has been around since 2008. Ever since the NHL started this annual game, it has been held outdoors. In past years, the event has been held at famous venues, such as Fenway Park, Wrigley Field, and Citizens Bank Park. The Winter Classic is a very unique event, because the NHL actually builds a temporary ice rink on the respective fields each year. It is an incredible undertaking financially, so the NHL has be extremely good at financial planning to take on an event of this size and nature. Because the Winter Classic is an annual event, and has been going on for a few years, the NHL already has a relatively good idea of the kind of financial responsibility it takes to implement this event. It could be argued that they should begin to plan this event at least a year in advance. For the first half of the 2012-13 season, the NHL players association was in a lockout, so no games were played. The staff tasked with planning the 2013 Winter Classic had a pretty good idea that the event would not be held, but they still had to plan as if it was happening. This shows that it is important to start planning as early as possible, in case of any bumps in the road. When planning an event, possibly the most important thing to plan on is the financial aspect. Usually, the financial report after the event is the best way......

Words: 540 - Pages: 3

Financial Planning

...Science Technology Company Financial Projections, 1985 – 1989 Criticisms 1. No benchmark. 2. The markets to be exploited are not specified. 3. The 30% annual growth rate projection is unrealistic. First, the average growth per year of STC, as shown by the table below, is only 12% — a far cry from the 30% annual growth rate projection. Second, the division managers or STC did not provide which product lines will produce the estimated increase. Growth Percentage (per year) |Year |Percentage | |1980 - 1981 |7% | |1981 – 1982 |11% | |1982 – 1983 |20% | |1983 – 1984 |10% | |Average growth = 12% | 4. The estimated net profit from $23 million to $61 million is unfeasible. First, the increase between $23......

Words: 753 - Pages: 4

Financial Planning

...FINANCIAL ACCOUNTABILITY AND REPORTING - SOLUTIONS SUBMISSION EIGHT DUE END OF WEEK9 – DUE MONDAY 9AM - SOLUTIONS QUESTION ONE Part A Describe two principle differences in the presentation contents / format of The Statement Of Comprehensive Income under AASB 101 Presentation Of Financial Statements classify expenses under nature as opposed to function. Provide examples as part of your answer. Part B An entity’s financial year end is 30 June 2013. On 3 July 2013, a major flood hit the entity’s manufacturing facilities, resulting in a loss of $20 million. Unfortunately, only $10 million of the amount could be claimed back from insurance company due to selective coverage of policy. Discuss, in accordance with AASB 110 Events after the Reporting Date, the following independent scenarios: a) The loss has a material effect on the financial statements of the entity but the business continues to operate. b) The loss is so significant as to threaten the entities continued operations. Part C Describe the two basic and two additional indicators used to determine an entity’s functional currency as stated in AASB 121 The Effects of Changes in Foreign Exchange Rates. (2+3+3=8 marks) QUESTION ONE Part A Two major differences • Expenses are grouped by nature such as depreciation , salaries across departments as opposed to function grouped under tasks such as administrative ...

Words: 1182 - Pages: 5

Financial Planning

... CONTENTS 1. Types of partnerships/companies................................................................................3 2. Objectives of a company.................................................................................................8 3. Relationships between companies and their financial management, and other links of the financial system.....................................................................................10 4. Financial statements (accounts) of companies and the information contained in them......................................................................................................................13 1. Balance sheet.................................................................................................14 2. Profit and loss account..................................................................................15 3. Cash flow statement......................................................................................16 5. Analysis of a company’s financial position/standing...............................................17 1. Analysis of financial statements...................................................................17 2. Preliminary balance sheet analysis...............................................................19 3. Preliminary analysis of profit and loss account............................................22 4. Ratio......

Words: 11087 - Pages: 45

Financial Planning

...Sample Essay on Financial Planning It is vitally important for the individual to set up a personal financial plan in order not to experience hardships and financial difficulties in the future. Financial plan assure financial stability and financial freedom that one wants to possess till the end of his/her life. The following essay will speak about the role of the financial planning for the retirement years and will state that people without financial plans face substantial pain/suffering/unhappiness in their retirement years. The process of developing a sound financial plan is a routine process that indeed involves not only careful financial analysis of the person’s current situation and long-term commitment to implement and monitor that plan throughout his/her life, but also requires careful thinking for the future. In order to properly achieve the financial planning goals, one has to monitor the performance of the financial plan as well as make proper changes when necessary. Thus, in order for the plan to remain of use for the person and not a fortune for financial advisors, one has to make it user-friendly and elaborate. For example an article How to manage your money, noted that one is not able to compete well without the resources and thus has to read a lot about the market (Macklem, Katherine, 2004). One should weigh all the pros and cons of mutual funds namely, criteria for selecting stocks, the fund managers, and track record. Katherine Maclem (2004)......

Words: 2748 - Pages: 11

Financial Planning

...We will explain how did we customize your estate plan to achieve all financial goals you listed. Other goals can be achieved through solving these concerns. Before we make your estate plan, there are things need to be addressed right away to deal with unexpected situations. ● Need to prepare durable powers of attorney for healthcare and property arrangement. - For healthcare, you need to make the powers immediately effective to each other and each child who is competent. - In terms of property arrangement, it’s for both of your business portion and Janet’s farm, the power holders should be each of you first, and then competent children. Also, you need to prepare advance medical directives for each of you. This is a legal instructions regarding your preferences for medical care if you are in the situation where you unable to make decisions for yourself. Such as coma or seriously injured by accident. ● Regarding to your life insurance……… your gross estate will be reduced by $4M if you, chase, lives 3 years from transferring the policy. ● And for your retirement plan……… ● Next, we recommend you to establish and fund a revocable living trust that includes a bypass trust provision upon the first death of either of you to hold your all assets except the life insurance and retirement accounts (as we already have plans for them). You two will be the joint trustees and beneficiaries. The bypass trust will give you advantages regarding to gift exemption and supporting......

Words: 321 - Pages: 2

Financial Planning

...11/14 Financial planning project VSPGX: 343 stocks, mostly invested in tech. incorporation such as MS, Apple, Google, etc. Reason we pick Vanguard S&P 500 GR Index for large: we want be active fund when market is passive and opposite way. Since market is doing good, we would use passive fund. When market is bad we would not stay on passive fund and go out for active which has good sense in stock picking and beat the market. Currently US market S&P 500 is in good shape(Figure X), S&P value fund portfolio since economy is in good shape. -> since this fund is ETF there is no restriction in minimal payment(just like stock) and use expense ratio on website because that 0.08% is for listed minimal payment($5M) Standard deviation 1Y Weekly = 11.23 Standard deviation 1Y monthly = 8.92 VSPVX: 337 stocks, mostly invested in Exon mobile/GE/AT&T = utility companies, resource(gas) companies and banks -> they don’t ear/lose too much so they are less volatile Standard deviation 1Y Weekly = 10.18 Standard deviation 1Y monthly = 8.29 Mid-cap -> active fund Hartford midcap Fund-A HFMCX : sharpe ratio was 1.22 which determines the absolute sharpe ratio, manager started on last date of 1997, fund turnover is 38% which is pretty low yet still actively managed. Small-cap -> active fund Alphamark Small Cap Growth: AMSCX, has 0.25% 12b 1 *big question to answer! Why we use absolute Sharpe ratio with annual term instead of shorter......

Words: 785 - Pages: 4

Financial Report

...Brambles Limited ABN 89 118 896 021 Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel +61 2 9256 5222 Fax +61 2 9256 5299 www.brambles.com 20 August 2015 The Manager-Listings Australian Securities Exchange Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Via electronic lodgement Dear Sir / Madam BRAMBLES LIMITED FY15 FINANCIAL RESULTS Brambles Limited announces to the market its financial results for the year ended 30 June 2015. The following documents are attached: 1. 2. Appendix 4E – Preliminary Final Report; and Brambles’ 2015 Annual Report including its financial statements, for the ended 30 June 2015. Yours faithfully Brambles Limited Robert Gerrard Company Secretary {RNG 00086515} This page intentionally left blank Results for Announcement to the Market Brambles Limited ABN 89 118 896 021 Appendix 4E Preliminary final report for the year ended 30 June 2015 Year ended 30 June 2015 US$M 2014 US$M % change (actual FX rates) % change (constant FX rates) Statutory Results Continuing operations after Significant Items1: Sales revenue 5,464.6  5,404.5  1% 8% Operating profit 938.5  929.5  1% 8% Profit before tax 826.6  816.5  1% 9% Profit after......

Words: 27269 - Pages: 110

Financial Planning

...BUDGETING Turning Budgeting Pain into Budgeting Gain By John Orlando It’s budget time again. Being a financial executive, you approach the annual process with excitement and a sincere belief that the process will be efficient, positive, and better than last year. Yet when members of your staff ask managers for their departmental budgets, they are met with blank stares, given excuses, or sent a budget whose form is completely unrecognizable from the template you gave the managers at the outset of the budgeting cycle. Eventually, the dreaded consolidation effort begins, in which any number of accountants spend too many days attempting to fix the department budgets so you can roll them up into the company-wide budget. The spreadsheet is broken in so many places you barely know where to start. Just when you’ve got the data into somewhat workable form, the CEO tells you the board of directors would like to see “what if” scenarios reflecting the impact of two major business decisions being considered. You find yourself daydreaming about the time when building a budget was actually fun. Recognize this scenario? As a career CFO, I’ve lived through it, like you. But the scary part isn’t the aggravation that CFOs endure. The scary part is the inaccuracies resulting from this less-than-perfect budget development process that dramatically decrease confidence in the budget, according to a survey conducted by Centage and the Institute of Management & Administration (IOMA). The CFOs......

Words: 3260 - Pages: 14

Financial Planning

... Financial Planning Lacardo Scott Grantham University Financial Planning Financial planning is defined as planning or the future of your company to make sure you have positve cash income in upcoming years. Financial planning is very important when it comes to planning a business because if not done properly, your business is sure to fail. Financial planning is a process to help you make smart decisions about money that you business makes so your company can reach its goals. Smart financial planning determines the course of action the company will take, the tasks that need to be accomplished, as well as who is responsible for completing the tasks in the proper time and manner. The success of any business is based on financial planning. Financial planning includes three categories: Strategic role of financial management, objectives of financial management and the planning cycle. When thinking of a financial plan, the company should come up with what is called a planning horizon, which is the time period of the plan. A business’s main goal while financial planning is to make sure they have accurate cash management. By correctly guessing how much cash they are going to bring in and have available, leaves room for the company to invest and receive a higher return on their investments. Accurate cash management also allows a company to foresee any type of cash shortage that could likely come about anytime during the year. When a company is able to make these......

Words: 550 - Pages: 3

Financial Planning

...Financial Planning Financial planning involves budget, financial map or operating guide (Principles of Accounting, n.d.). Financial planning has many functions: a breakdown of budget, money coming in, and money going out - except the money going out is all planned and knowing where it will go or end up. Financial planning is making plans to attain that goal – money wise. Financial planning provides many elements for detailed sales targets, staffing plans, inventory production, cash investments and borrowing capital expenditures for plant assets and others. It also involves risk management. Proper financial planning gives the company guidance on how to proceed with expenses and funds. Better financial planning leads to proper prioritizing of goals and work towards long-term goals. Financial planning involves strategic plan which includes the plan that supports the mission, vision and values of the organization. Operating plans which includes a detailed guidance to help organizations realize its strategic vision. Financial Plan which involve the forecasting of financial statements, the amount of money that supports the plan, forecasting of funds, performance-based management system, and the monitoring of operations after executing the plan to check any nonconformities and take actions towards it. (Ehrhardt and Brigham, 2011). Financial planning helps the companies minimize costs and maximize profits. One method of financial planning is the......

Words: 900 - Pages: 4

Financial Planning

...Associate Level Material Appendix B Personal Financial Planning Worksheet Directions: Based on your readings and discussions in class this week, answer the following questions completely. 1. The process of creating a detailed plan to meet your financial needs and prepare for the future is called: a. Developing goals. b. Personal financial planning. c. Collecting financial information. d. Personal finance. 2. Which of the following is not one of the five major steps of the financial planning process? a. Analyze your current finances. b. Establish and implement your plan. c. Collect and organize your financial information. d. Reevaluate and revise your plan as needed. 3. Which phase in life is commonly associated with focus on marriage, family, purchasing a home, and career development? a. Teenage years b. Between your 50s and 60s c. Late 20s through your 40s d. During retirement 4. Which of the following are some benefits of having a college degree that can affect your financial planning? a. The potential to make a higher salary b. Jobs with retirement plans and benefits c. The ability to receive promotions and wage increases d. All of the above 5. Which of the following elements of a comprehensive financial plan discuss analyzing future needs, such as saving for retirement or college funding for dependants? a. Building wealth ...

Words: 429 - Pages: 2