Opening a Demo (practice) Account with Any Financial Broker - Accounting and Finance Assignment Help

Assignment Task:

Task:

Introduction
This assignment will teach you how to trade stocks and ETFs. You will create a portfolio of securities, and monitor this portfolio performance over the coming 7 days.
Assignment Summary & Marking
• Opening a demo (practice) account with any financial broker.

• Implementing the strategic asset allocation.

Clients Background

Implementing the strategic asset allocation [100 Marks]
You passed the IFC course and shortly after graduating, you were hired by a major financial planning firm. The firm specializes in offering financial advice to retail clients. After passing your probation period, you were licensed to sell mutual funds and other investments.
Your first year was tough, you learned a lot about financial markets, and various products. You also met many clients. However, the best part was serving clients and helping them achieve their goals and objectives. You helped clients achieve various goals such as buying a car, savings towards their dream house, buying a boat, and many other objectives.

Today you met John and Mary, a young couple saving towards their retirement. You obtained the following information about John and Mary:
• John is 30 years old.
• Mary is 32 years old.
• John works as a site manager in the oil patch and earns $150,000 (pre-tax) per year.
• Mary is a writer and she earns on average $120,000 (pre-tax) per year.
• They do not have any kids, but they are planning to have two kids in the near future.
• They paid-off their mortgage last year.
• Their net worth is around $1,800,000, main source inheritance of a life insurance policy proceeds.
• They do not have any debts; neither do they have any student loans.
• After filling their KYC form, you figured out that they have high-risk tolerance.
• John and Mary are risk takers, they enjoy taking risks.
They asked you to help them invest their money currently held as cash with their broker. They would like to invest this money towards their retirement. You analyzed their circumstances and determined the strategic asset allocation.

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