MBF 303 FINANCIAL PLANNING AND WEALTH MANAGEMENT

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ASSIGNMENT

 

DRIVE SUMMER 2014
PROGRAM MBABF
SEMESTER III
SUBJECT CODE & NAME MBF 303

FINANCIAL PLANNING AND WEALTH MANAGEMENT
BK ID B1392
CREDITS 4
MARKS 60

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

  1. 1. Explain the financial planning process. List the different phases of investor life cycle.

 

Answer:Six Steps in the Financial Planning Process: The following steps make up the financial planning are:

  • Establishing and defining the client-planner relationship – The financial planner explains or documents the services to be provided and defines his or her responsibilities along with the responsibilities of the client. The planner explains how he or she will be paid and by whom. The planner and client should agree on how long the relationship will last and on how decisions will be made.
  • Gathering client data and determining goals and expectations – The financial planner asks about the client’s financial situation, personal and

 

  1. 2. Explain in detail the different categories involved in paying tax. Mention the methods involved in tax planning

 

Answer: Benjamin Franklin once said, “Nothing is certain but death and taxes.” But what kinds of taxes do you pay? Here are the 7 types of taxes and the ways you pay them.

  1. Income Taxes: These taxes are paid out by anyone who earns an income by any means. April 15th (April 17 in 2012) is the day that income tax filings are due in the United States, and anyone earning income needs.
  2. Property Taxes: These are paid by anyone who owns property such as land, a home or commercial real estate. These taxes are often collected by

 

  1. 3. Define consumer credit. List the advantages and disadvantages of using credit.

 

Answer: Consumer credit is basically the amount of credit used by consumers to purchase non-investment goods or services that are consumed and whose value depreciates quickly. This includes automobiles, recreational vehicles (RVs), education, boat and trailer loans but excludes debts taken out to purchase real estate or margin on investment accounts. For example, a mortgage for purchasing a house is not consumer credit.

Advantages

  • Purchase Power and Ease of Purchase – Credit

 

  1. 4.Define insurance? Describe the purpose and the need of life insurance policy? Explain the important provisions in life insurance contract?

 

Answer: When shopping around for an insurance policy, look for the best priced package that is right for you – prices can vary from one insurance company to the next. And make sure you know what you want. Some individuals, for example, prefer 24-hour claims service or face-to-face contact with an insurance representative. Also consider the claims settlement process, the amount of the deductible and the extent of the replacement coverage. Insurance companies and the policies they offer are not all the same, so think about more than just the price. We all must face the inevitability of death and the economic hardship that others might face when we die.

 

  1. 5.What is asset allocation? List the investment alternatives. Describe the factors that reduce investment risk.

 

Answer: An investment strategy that aims to balance risk and reward by apportioning a portfolio’s assets according to an individual’s goals, risk tolerance and investment horizon.  The three main asset classes – equities, fixed-income, and cash and equivalents – have different levels of risk and return, so each will behave differently over time.There is no simple formula that can find the right asset allocation for every individual. However, the consensus among most financial professionals is that asset allocation is one of the most important decisions that investors make. In other words, your selection of individual securities is secondary to the way you

  1. 6. Explain about measures for investor protection in India.

Describe the responsibilities of an investor

 

Answer: Investor protection is a component of the Wall Street Reform and Consumer Protection Act of 2009 designed to expand the powers of the Securities and Exchange Commission (SEC). The act established a whistleblower reward for reporting financial fraud, increased liability for aiding and abetting, doubled funding to the SEC over a five-year period, and more. The act was part of regulators’ attempt to prevent some of the problems that caused the financial crisis of 2008-2009 from reoccuring in the future.

Simplification of share transfer and allotment procedure: SEBI appointed a committee under the chairmanship of Shri R Chandrasekaran, Managing Director of the Stock Holding Corporation of India Limited, to suggest a procedure for expediting a

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

 

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or

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(Prefer mailing. Call in emergency )

 

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