NO.PZ2023010410000004
问题如下：
Prepare the Investment Objectives section of Patel's IPS.
Sharfepto Zik, a private wealth manager, is meeting with a client, Garbanzo Patel, in order to create an investment policy statement (IPS) for Patel’s upcoming retirement. Patel estimates that he will require €200,000 per year, with annual increases for inflation, during retirement. Patel’s primary spending goals during retirement are to provide for his family’s needs and maintain his retirement lifestyle. His secondary goals are to fund his philanthropic activities and leave a significant inheritance to his children.
During his retirement, Patel will receive union pension payments of €50,000 per year with annual increases for inflation. In his spare time, Patel runs a small business that provides him with an annual income of €120,000 and is valued at €1 million. He will continue running his business during retirement.
Patel holds a portfolio of securities valued at approximately €4 million. The portfolio primarily contains dividend-paying stocks and interest-bearing bonds. Patel has reinvested all these distributions back into his portfolio but anticipates that after retirement he may need to use some of the distributions to fund his expenses.
Patel plans to buy a vacation home in three years. His budget for the vacation home is approximately €1.4 million. Patel has not decided yet how he will fund this purchase.
选项：
解释：
Investment Objectives:
- Purpose: Support Patel’s lifestyle in retirement (higher priority), provide for family’s needs (higher priority), fund philanthropic activities (lower priority), provide inheritance for children (lower priority)
- Anticipated annual need: €200,000, with annual increases for inflation
- Annual need met with: Income from small business (approx. €120,000), pension (€50,000 with annual inflation increases), portfolio distributions
- Intent to purchase of €1.4 million vacation home in three years
- Zik should assist in quantifying philanthropic and bequest goals and determining how to fund the vacation home purchase.
No.PZ2023010410000004 (问答题)
来源: 经典题
Prepare the Investment Objectives section of Patel's IPS.
Sharfepto Zik, a private wealth manager, is meeting with a client, Garbanzo Patel, in order to create an investment policy statement (IPS) for Patel’s upcoming retirement. Patel estimates that he will require €200,000 per year, with annual increases for inflation, during retirement. Patel’s primary spending goals during retirement are to provide for his family’s needs and maintain his retirement lifestyle. His secondary goals are to fund his philanthropic activities and leave a significant inheritance to his children.
During his retirement, Patel will receive union pension payments of €50,000 per year with annual increases for inflation. In his spare time, Patel runs a small business that provides him with an annual income of €120,000 and is valued at €1 million. He will continue running his business during retirement.
Patel holds a portfolio of securities valued at approximately €4 million. The portfolio primarily contains dividend-paying stocks and interest-bearing bonds. Patel has reinvested all these distributions back into his portfolio but anticipates that after retirement he may need to use some of the distributions to fund his expenses.
Patel plans to buy a vacation home in three years. His budget for the vacation home is approximately €1.4 million. Patel has not decided yet how he will fund this purchase.
解析
Investment Objectives:
- Purpose: Support Patel’s lifestyle in retirement (higher priority), provide for family’s needs (higher priority), fund philanthropic activities (lower priority), provide inheritance for children (lower priority)
- Anticipated annual need: €200,000, with annual increases for inflation
- Annual need met with: Income from small business (approx. €120,000), pension (€50,000 with annual inflation increases), portfolio distributions
- Intent to purchase of €1.4 million vacation home in three years
- Zik should assist in quantifying philanthropic and bequest goals and determining how to fund the vacation home purchase.
以下是我根据答案仿写的：
Investment Objectives：
- Patel’s primary spending goals during retirement are to provide for his family’s needs and maintain his retirement lifestyle. His secondary goals are to fund his philanthropic activities and leave a significant inheritance to his children. Besides, Patel plans to buy a vacation home in three years (approximately €1.4 million). 这里是priority都要写吗？？
- His objectives' requirements estimations are €200,000 per year, with annual increases for inflation.
- His cash flows during retirement: pension payments of €50,000 per year with annual increases for inflation, his annual income from running a small business of €120,000 (now valued at €1 million), distributions from his portfolio of securities(approximately valued at €4 million).
- The asset manager should work with Patel to further quantify how to fund his philanthropic activities and inheritance, and to fund the vacation home.
老师麻烦你看下我重写的答案。另外我看解析答案都是短句形式，不是主谓宾格式，这种也可以吗？我记得其他老师说过最好写完整句子。
