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MGB304 Financial Planning

tag 0 Download 4 Pages / 1,000 Words tag 01-02-2021
  • Course Code: MGB304
  • University: University Of Canberra
    icon is not sponsored or endorsed by this college or university

  • Country: Australia


Case information

The following information provides a high level overview of your client’s situation. It should be read in conjunction with the supplied populated “fact find” document which is the primary source of truth for client details. The information contained in this document is confidential information and is for education purpose only.

Case study introduction

Peter (30) and Fred (29) are married. They are currently renting at a cost of $600 a week. Peter works as a project manager earning $105,000 per annum plus Super Guarantee (SG) contribution. Fred is a Fitness Instructor earning $33,000 plus SG.

They have come to you as they both want to take a career break and travel through Europe in 2025. You have had a comprehensive meeting with them and have completed relevant sections of the fact find document. The budget discussion you had with them reveals they expect to be able to save approximately $12,000 per annum. They have each completed a risk profile with you that included a detailed discussion about their individual risk profiles as well as their joint investment risk profile. Both Peter and Fred have expressed their desire to get their immediate financial issues sorted as a priority.

Primary goals

Peter has accumulated three funds due to job changes over his career and hasn’t exercised superannuation choice to date. Peter doesn’t want to be “sold a new fund”, he just wants you to provide advice on which of his current funds is most suitable for the others to be consolidated into. Peter also sees himself as a “Balanced Profile or 70% Growth assets” investor and also wishes to align his superannuation funds to his risk/return preferences.

Peter’s father – John, has been diagnosed terminally ill and wishes to provide Peter the balance of his superannuation fund ($300,000) to help him financially. Peter would like your advice on potential issues and strategies around this.

Peter and Fred would like to take a career break and travel through Europe in 2025 at an estimated cost of $60,000. Peter and Fred want help on strategies to pay off their debts before they go on their career break holiday in 2025.

Peter and Fred haven’t given much thought to personal insurances in the past as they felt they were too fit and healthy for it to be a need. They would however be interested in your professional opinion as to whether there are any gaps or opportunities you can identify for their situation.

Your task

Your task is to help your clients not only meet their goals where possible but to provide clarity when gaps or issues exist. You should also address any other relevant areas they have discussed with you. Your advice will take the form of a discussion paper.

Your clients have limited the scope of your advice to include the following:

  • Advice on saving for their European trip in 2025
  • Rollover Peter’s superannuation accounts into one of his existing funds
  • Advice on John’s intention to provide his superannuation fund proceeds to Peter
  • Pay off their remaining debts as soon as possible
  • Provide Peter and Fred an insurance needs analysis based on their current situation

You will not recommend any specific investments, investment products or insurance products (aside from selecting one of Peter’s existing super funds as his recommended fund). You may recommend generic product groups e.g. managed funds, insurance bonds, income protection etc. These recommendations can only include generic product features available across this group of products.

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Total 4 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Financial Planning. Retrieved from

My Assignment Help (2021) Financial Planning [Online]. Available from:
[Accessed 28 November 2022].

My Assignment Help. 'Financial Planning' (My Assignment Help, 2021) <> accessed 28 November 2022.

My Assignment Help. Financial Planning [Internet]. My Assignment Help. 2021 [cited 28 November 2022]. Available from:

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