Investment Policy Statement Client Profile Date: 2015-04-01 Prepared for: Aaron McDavid Address: 123 the first Street Province: Ontario Postal Code: A1B 2C3 Phone: 789-563-2479 Prepared by: Siye Jin Address: 123 the fifth Street Province: Ontario Postal Code: A5B 2C3 Phone: 801-963-8525 The following is a summary of your investor profile based on the information you provided: • Your annual gross income is $ 125,000 • Your net worth is $750,000 • Your primary investment objective is to achieve moderate growth. • Your time horizon is 40 years.
• You expect a 4% to 8% average annual return for your portfolio in the long term (+10 years) before tax and after inflation. • You have good investment …show more content…
Global equity and Canadian equity are typically the primary asset in the account. Your secondary investment objective is to achieve a degree of liquidity, however, liquidity means low return. To meet the liquidity need, cash need to be a portion of your portfolio. Money market fund, CIC will be a suitable choice.
Constraints • Investment Time Horizon Your investment time horizon is 40 years, which is a long period. If you have a long time horizon, you will have more time to recover your lose. The longer period we have, the bigger chance to meet your investment objective. • Liquidity need Since your liquidity need is high, you need the amount of cash and near-cash in the portfolio. If you want to achieve your financial goals, the key is keep your portfolio integrated. Any unscheduled withdrawals will against your investment plan and are not recommended. We will work to find a solution to meet your cash requirements while continuing to adhere to your investment plan. • Tax Tax is always against your return. During your investment period. You do not incur capital gains until you redeem from the program. The tax treatment of any investment varies depending on whether the returns are categorized as interest, dividends or capital gains. • Legal and Regulatory Certainly, any investment activity that contravenes an Act, By-law, .
Cite this Customer Profile Based On The Information You Provided
Customer Profile Based On The Information You Provided. (2018, Feb 06). Retrieved from https://graduateway.com/customer-profile-based-on-the-information-you-provided/