I need sections 5 thru10 completed please, Ill even send over our current section 1-4 so you can make the whole Investments analysis report look uniform.
5. INVESTMENT CONSTRAINTS This section outlines the investment constraints that must be considered when making investment decisions on behalf of the client. These investment constraints include: liquidity needs, time horizon, tax considerations, legal and regulatory considerations, and unique circumstances. (See Chapter 13 of NWM Textbook and Chapter 13 Material in D2L and the information provided in the Client Information and Capital Markets Expectations File to complete this section.) SUMMARY OF INVESTMENT CONSTRAINTS Liquidity Needs Time Horizon Tax Considerations Legal and Regulatory Considerations Unique Circumstances 6. ANALYSIS OF CURRENT INVESTMENTS This section outlines the purpose behind investment analysis pertaining to both pooled and individual investments, provides an overview of the client’s current asset allocation, and outlines the investment analysis and conclusions pertaining to the client’s pooled and individual investment holdings. (See information provided in the Current Investment Portfolio file and the Current Holdings files for details on the client’s current investment holdings. See Chapter 17 of the Reilly/Brown textbook and Chapters 14 and 16 of the New Wealth Management textbook for insight on investment analysis.) Purpose of Individual Investment Analysis Purpose of Pooled Investment Analysis Overview of Current Asset Allocation Analysis of Current Pooled Investment Holdings We consider the following to be attributes of generically bad investment funds; therefore, we exclude the following from our list of investable funds: no load funds, specialty funds, e.g., sector funds, leveraged funds, fixed income funds with an average credit rating of less than A, equity funds with sector weightings that are more than three times the sector weighting of the S&P 500, fixed income funds with an expense ratio that exceeds 0.60%, equity funds with an expense ratio that exceed 1.00%, funds that are in the bottom half of their asset classes performance over the past five years or bottom third of their asset classes performance over the past three years. In addition, unless justified by continual outperformance relative to an appropriate benchmark, we aim to invest in funds that minimize turnover, have lower tax cost ratios, and generate long term returns, e.g., greater than five years, that compare favorably to an appropriate benchmark. Based on these criteria, here are the general findings from our analysis of your current pooled investment holdings: The benchmarks that we used to assess the performance of your current pooled investment holdings can be seen below: Client’s Investment Investment Style Benchmark Columbia Government Money Market A - IDSXX Money Market Vanguard Federal Money Market Fund - VMFXX Vanguard Treasury Money Market Investor - VUSXX Money Market Vanguard Federal Money Market Fund - VMFXX ProFunds UltraSector Oil & Gas Investor - ENPIX Large Value iShares S&P 500 Value ETF - IVE Catalyst Insider Buying A - INSAX Large Growth iShares S&P 500 Growth ETF - IVW Rydex S&P 500 A - RYSOX Large Core iShares Core S&P 500 ETF - IVV AB High Income A - AGDAX Intermediate-Term Low Quality iShares Core U.S. Aggregate Bond ETF - AGG T. Rowe Price Instl Lng Dur Crdt - RPLCX Long-Term Moderate Quality Vanguard Long-Term Bond Index Admiral - VBLAX Allspring Municipal Bond A - WMFAX Intermediate-Term Moderate Quality Intermediate-Term Tax-Exempt Fund Admiral - VWIUX Please see a summary of the findings from our analysis and our recommendation for each of your current pooled investment holdings. Client’s Investment SAP Findings SAP Recommendation Columbia Government Money Market A - IDSXX High expense ratio of 0.40%for a money market fund and underperformance vs. VMFXX benchmark over the last 1, 3, 5, and 10 years. Sell due to excessive expense ratio and consistent underperformance relative to its benchmark. Vanguard Treasury Money Market Investor - VUSXX Low expense ratio of 0.09% and almost identical performance to VMFXX benchmark over the last 1, 3, 5, and 10 years. Remain invested in this fund. It has a lower expense ratio (0.09% vs. 0.11%) than its benchmark, VMFXX, with almost identical performance. ProFunds UltraSector Oil & Gas Investor - ENPIX Catalyst Insider Buying A - INSAX Rydex S&P 500 A - RYSOX AB High Income A - AGDAX T. Rowe Price Instl Lng Dur Crdt - RPLCX Allspring Municipal Bond A - WMFAX Analysis of Current Individual Investment Holding 7. RECOMMENDED ASSET ALLOCATION Proposed Asset Allocation Cash Reserves Investment Portfolio Rebalancing Parameters Investment Analysis Report – Mr. Jose GonzalesPage 1 of 10 (11/2022) 8. RECOMMENDED INVESTMENTS (See information provided in the Current Investment Portfolio file and the Current Holdings files for details on the client’s current investment holdings; See Approved Investment Options for list of investments to choose from for recommended investments; See Chapter 17 of the Reilly/Brown textbook for additional insight on investment funds.) Recommended Investments by Asset Class Rationale in Support of Recommended Investments Summary of Improvements 9. IMPLEMENTATION, MONITORING, AND REVIEW (See Chapters 13 and 16 of NWM Textbook and Chapter 13 Material in D2L for all sections below.) Duties and Responsibilities Performance Measurements Performance Evaluation and Benchmarks Process for Hiring, Firing, and Monitoring Managers Rebalancing Process Summary of Review Process 10. DISCLAIMER AND APPROVAL SIGNATURES (See IPS Summary Template in D2L for insight on this section.) I have reviewed my investment policy and understand the risk and return parameters of the proposed investment strategy. I also recognize that this report assumes at least a 10-year investment horizon for the investment portfolio recommendations. I will notify SAP if my circumstances change. Approved and accepted by: ________________________________________Date: Jose Gonzales FINA 7100 – Investment Analysis Report Objective: This assignment is designed to improve your ability to create and communicate investment policy and analysis through an integration of investment concepts, theory, and methods. It is also designed to improve your ability to provide sound investment recommendations using investment theory, methods, client information, and capital market expectations. Instructions: Your assigned group members can be viewed in the file that is titled Group Members which is located in the Investment Analysis Report section under the Content tab in D2L. Each group is required to submit one copy of their Investment Analysis Report, a ten to fifteen page written report, to the Investment Analysis Report folder within Assessments and Assignments section in D2L by midnight on Friday, April 19th. You will use the course files located in the Investment Analysis Report section under the Content tab in D2L as well as the required course textbooks, Finra.org, and other resources posted in D2L to complete this assignment. Additional guidance will be provided during office hours and in scheduled meetings outside of normal office hours. Please email me if you would like to schedule a time to meet outside of normal office hours. Your report should include tables and graphs from Microsoft Excel, Value Line and Steele reports, and other sources that best highlight your analysis and support your investment analysis and recommendations. Your investment analysis report should address each of the sections listed below. 1. Purpose and Background – This section should include a statement outlining the purpose of your proposed investment policy and analysis, a summary of your investment philosophy, and investments and activities that are ordinarily excluded. 2. Client Description and Goals – This section should include a preface, context, client information, managed or relevant assets, investment related goals, and scope of advisement. 3. Investment Policy Assumptions – This section should include client related assumptions and capital market assumptions. Client related assumptions include tax rates, expected retirement age, life expectancy, estimated annual growth in salary, Social Security income, and behavioral biases relevant to the client. Capital market expectations include expected investment returns, standard deviation, correlation, and inflation. 4. Investment Objectives – This section should include capital needs analysis, return objectives, and risk objectives. Capital needs analysis is the math supporting your estimate of the client’s required investment return. Return objectives include the required return and the desired return. Risk objectives include risk tolerance and risk capacity. 5. Investment Constraints – This section should include an overview of constraints relevant to the client in any of the following areas: liquidity needs, legal and regulatory considerations, tax considerations, time horizon, and unique circumstances. 6. Analysis of Current Investments – This section should include a purpose for both your individual investment analysis and your pooled investment analysis, an overview of the current asset allocation in both tabular and pie chart format, your analysis of the client’s current pooled investment holdings, and your analysis of the client’s current individual investment holdings. 7. Recommended Asset Allocation – This section should include your recommended asset allocation in both tabular and pie chart format, and your rebalancing parameters. 8. Recommended Investments - This section should include your recommended investment or investments within each of your recommended asset classes, rationale in support of your recommended investments, and a summary of improvements (e.g., tax efficiency, lower expenses, a reduction in volatility) that you expect to be realized with the recommended investments. 9. Implementation, Monitoring, and Review – This section should include duties and responsibilities, performance measurements, performance evaluation and benchmarks, a summary of your process for hiring, firing, and monitoring managers, your rebalancing process, and a summary of your review process. 10. Disclaimer and Approval Signatures – This section should include your disclaimer statement and a part for approval and acceptance signatures. Investment Analysis Report Rubric Exceptional (100%) Proficient (85%) Basic (70%) Developing (55%) Unacceptable (0%) Points Earned Key Concepts and Terminology Complete and accurate use and description of key investment concepts and terminology. All concepts and terminology are relevant to conclusions and recommendations. Neat and organized. Accurate use, description, and relevancy of key investment concepts and terminology. Minor omissions of some key investment concepts and terminology. Minor omissions and errors regarding the use, description, and/or relevancy of key investment concepts and terminology to conclusions and recommendations. Material omissions and/or significant errors regarding the use, description, and/or relevancy of key investment concepts and terminology to conclusions and recommendations. Unorganized and sloppy. Egregious errors and/or omissions that render the use and description of key investment concepts and terminology useless in relation to the objective of sound investment recommendations. Analysis and Evaluation Complete and accurate analysis and evaluation that fully supports all conclusions and recommendations. Neat and organized. Evaluation and analysis are accurate and support conclusions and recommendations. Minor omissions of some required analysis and evaluation. Analysis and evaluation have some minor omissions, minor errors, and/or do not fully support conclusions and recommendations. Analysis and evaluation have material omissions, material errors, and/or do not fully support conclusions and recommendations. Unorganized and sloppy. Egregious errors and/or omissions that render the analysis and evaluation useless. Diagrams and Visuals Relevant, accurate, and correctly labelled diagrams and visuals are included with full explanation. Relevant, accurate, and correctly labelled diagrams and visuals are included with partial explanation. Relevant diagrams and visuals are included with minor errors in accuracy. Explanations are limited and/or contain minor errors. Diagrams, visuals, and associated explanations have material omissions and/or material errors. Unorganized and sloppy. Egregious errors and/or omissions that render the diagrams, visuals, and associated explanations useless. Use of Tools, Techniques, and Theories Accurate use and understanding of relevant theoretical concepts and investment analysis methods. Neat, organized, and fully explained. Relevant theoretical concepts and investment analysis methods used with partial explanation. Relevant theoretical concepts and investment analysis methods used with minor errors in accuracy. Explanations are limited and/or contain minor errors. Theoretical concepts and investment analysis methods have material omissions and/or material errors. Unorganized and sloppy. Egregious errors and/or omissions that render the theoretical concepts and investment analysis methods useless. Conclusions and Recommendations All conclusions and recommendations are appropriate for the client, consistent with the assumptions, and substantiated by the evidence and analysis in the report. Neat, organized, and fully explained. Conclusions and recommendations are appropriate for the client, consistent with the assumptions, and mostly substantiated by the evidence and analysis in the report. Explanations are limited. Explanations are limited and there are minor errors in the conclusions and recommendations as it pertains to appropriateness for the client as well as consistency with assumptions and evidence provided. Explanations are limited and there are material errors and/or omissions in the conclusions and recommendations as it pertains to appropriateness for the client as well as consistency with assumptions and evidence provided. Egregious errors and/or omissions that render the conclusions and recommendations useless. Investment Analysis Report Client’s Name: Mindy Hampton INVESTMENT ANALYSIS REPORT Parties: This investment analysis report (“IAR”) is provided by 2MD Investments, LLP (“2MD”) and its advisors to Mindy Hampton (“the client”) on April 19, 2024. 1. PURPOSE AND BACKGROUND This section outlines the purpose of this IAR as well as 2MD’s core investment-related beliefs and principles that guide this IAR and the investment process. PURPOSE OF INVESTMENT ANALYSIS AND POLICY General Purpose of the Investment Analysis Report The purpose of this IAR is to communicate a clear understanding of 2MD’s foundational investment philosophies, principles, and our investment analysis that serve as the framework and guide our investment decisions and recommendations pertaining to the investments that are being managed by 2MD. The design, implementation, and monitoring of this IAR serve as the cornerstone, i.e., are the central focus, of the asset management process. 2MD believes that consistently following the philosophies and guidelines in this IAR will minimize the detrimental impact of emotions and lead to sound investment decisions that generate superior long-term investment results. A more detailed and separate overview of investment policy and