代做7SSMM803 Applied Wealth Management Examination 2023/24代做Python编程

Examination 2023/24

Module Code and Title: 7SSMM803 Applied Wealth Management

Time allowed: The paper will be available from 10:00AM on Friday 22^nd March 2024. Students will need to submit their answers by

Word count: Students should not exceed more than 2000 words for this paper.

INSTRUCTIONS TO CANDIDATES:

There are 4 questions in total. Answer all questions.

Paste any required diagrams and graphs for your answers directly onto the answer sheet using software or uploaded photos.

If you answer more questions than specified, only the first answers (up to the specified number) will be marked.

A template cover sheet has been provided on the KEATS page, you should complete and type your answers below, or attach to the front of your submission. Make sure you clearly indicate the questions you are answering (e.g. Section A, Question 1).

If you have a PAA cover sheet, you should include this in addition to your submission.

Save your work regularly, at least every 15 minutes.

ONLINE SUBMISSION INSTRUCTIONS:

1. You should submit your work via the Turnitin submission link on the module KEATS page.

2. Ensure your document is submitted through Turnitin with the title CANDIDATE ID – MODULE CODE- e.g. AE12345-7SSMM803.

3. Once submitted please check you are satisfied with the uploaded document via the submission link.

4. If you experience technical difficulties and are unable to upload your assessment by the deadline, please collate evidence of the technical issue and submit a mitigating circumstances form. (MCF). Remember that the evidence must clearly show timestamps and proof that you attempted to upload your assessment before the deadline.

CANDIDATES SHOULD ANSWER ALL QUESTIONS

Question 1: PROTECTION

Adam is married and he is 42 years old. His wife Maria is 38 years old. They have 2 children: Robert, age 7, and Clare, age 4.

Adam and Maria want to make sure that they can continue paying for their children’s private education and university. They don’t want their children to start their life with any debt. They expect that both children will be financially dependent until they become 22 years old.

Both Adam and Maria have good jobs currently and they are comfortable that they will be able to succeed on their goal, but they are worried that if one of them dies or gets critically ill, then they will not be able to provide what they wish for their children. They would like to receive a lump sum to cover all the above expenses in case one of them becomes critically ill or dies.

Please recommend what protection policy would be the most appropriate to cover their needs. Make sure you explain in full details all the characteristics of the potential solution you recommend and give the reasons for your choice of policy. Also, state the factors that you need to consider when deciding what will be the payoff of the policy.

Also, Adam has a Private Medical Insurance through his employer. He is considering of including his wife and his children to this policy as well for an extra charge. Please identify the benefits of such an action.

[25 marks]

[Word Count Guidance: 500 words]

Question 2: CLIENT PROFILING

Jim is 58 years old and married to Anna, 53. They have two children, Sarah and James, which have both started their own families and are financially independent.

Jim is working as a Tax consultant (self-employed) while Anna is a housewife. They have fully repaid the mortgage on the house they live in in Surrey.

Jim will soon receive a lump sum inheritance from an uncle of his who was living in the United States. The amount will be USD 1,000,000.

This will top up his existing pension portfolio which is currently valued at GBP 400,000 and will be accessible once he reaches 65 years of age. The couple also has accumulated ISA holdings of GBP 110,000.

Their monthly living expenses is GBP 7,500.

The couple arranges to meet with a new financial advisor to help them with their financial planning.

Discuss the information that the wealth manager will need to get from the clients on top of the information already outlined above.

[25 marks]

[Word Count Guidance: 500 words]

Question 3: TAX EFFICIENCY AND INVESTMENTS

Andrew is a successful banker with high disposable income. He is relatively young (27 years old) and he would like to find ways to invest his disposable income in a tax efficient way. His annual gross total income currently is £210,000. He contributes £20k to a pension every year through his employer pension scheme and £1.5k to a Stocks and Shares ISA every month.

His regular monthly expenses are £2.5k and he would like to put aside £1k every month on his deposit account against his emergency funds. Andrew has a High Attitude to Risk and a long-term investment horizon.

Calculate Andrew’s net salary and outline the best options to invest his money in a tax efficient way.

[25 marks]

[Word Count Guidance: 500 words]

QUESTION 4: TRUSTS

George (64 years old) and Elizabeth (54 years old) are looking to get advice regarding Estate planning. They have two children Andrew (29 years old) and Betty (26 years old). Andrew currently has no family and Betty is married with one child, Anne (1 year old).

George would like to find an efficient way to transfer a part of his Estate to Anne and potentially to any more grandchildren in the future. However, he would like to make sure that Elizabeth will be able to receive income from his estate in case he dies. Elizabeth has no personal pension arrangements, so he wants to make sure that even if a part of his Estate is transferred to his grandchildren, Elizabeth will be able to keep her lifestyle. even if he dies.

Explain what is the most suitable type of Trust for George.

[25 marks]

[Word Count Guidance: 500 words]