Personal Financial Planning

Individual Assignment
Taylor’s University
Undergraduate Program
FIN61004
PERSONAL FINANCIAL PLANNING
March 2022 Semester

FIN61004 – Personal Financial Planning
Individual Assignment – March 2022 (35%)
Assignment Due Date : 09 June 2022 (Week 11) by 2.00 p.m.
Method of submission : Designated Dropbox in TimeS

(i) A hardcopy is to be submitted via the Dropbox assigned at the Taylor’s Business School
Divisional Office together with the Turnitin Similarity Index Report AND
A softcopy is to be submitted into Turnitin at
www.turnitin.com. Please refer to TiMES
for the Turnitin ID and Password.
(ii)

The word count of the assignment is 4,000 words (+/-10%). The assignment will be marked out
of 100 marks and scaled to 35%.
You are required to write a personal financial planning case study of a selected individual and
he/she must be above 30 years of age.
Preparation of a Financial Plan
Financial plans play essential role for individuals to maintain discipline and provide information
pertaining to the progress of one’s achievement of his goals. This assignment is designed to provide
you with some practical aspects of developing financial plans by taking into consideration the first
three (3) steps of the Financial Planning Process (Keown, 2014). This would include evaluation of the
individual financial health (including the risk profile assessment), defining the financial goals and
development of a plan of action.
The following are required to be part of your case study assignment.
a) Risk profile assessment
(1000 Words)
Demographics
Current income
Personal commitments
Financial goals
Any relevant issues related to building a proper risk profile
Determine the risk profile of your respondent.
Discuss three (3) main points of the final risk profile assessment of the selected individual.
`3
b) Financial Goal
(1300 words)
Summarize the financial goals of the selected individual in the table below. There should at
least be one short-term, one medium term and one long-term goal respectively.
The example of a summary table is as follows:

Goal Horizon Target years Amount (RM)
Emergency funds Short Term (2022 to 2023)
1 year
XXXX

You are required to use the SMART concept specifically to each of the above financial
goal. Provide a short write up to explain to explain each of the plans mentioned above.
c) Investment Planning
(1700 Words)
Using the principles that you have learnt and the risk profile in (a), suggest three (3) actual
investment products that would form the portfolio to achieve the medium-term and longterm goals respectively.
Provide details and justifications for each of medium-term and long-term investment
strategies above. Provide at least three (3) reasons to support each of the strategies you have
suggested.
Risk assessment of the financial plan.
Support your answers with relevant calculations – Cash Budget, Balance Sheet, and
Cashflow Statement.
d) Presentation of your plan
Ensure that your report is:
typed using Arial 12 point or Times New Roman 12-point type font with 1.5 spacing.
Professionally presented with proper meaningful headings and sub-headings.
Relevant appendices attached and properly labeled within the main text. Appendices that
are not referred to in the main text will not be read as part of the assignment.
Appendices should be labeled sequentially in accordance with the progression of discussion
within the text.
Appendices and tables must be used sparingly and legible – at least 10-point font.
`4
Adheres to the Harvard Referencing System
A hardcopy of the assignment must be submitted into Turnitin before the due date and the
Similarity Index Report must be attached and submitted together with the hard copy of the
report.
High similarity cases (above 15%) that indicate characteristics of plagiarism/collusion may
be referred to the Academic Integrity Committee and will be penalized.
e) PowerPoint presentation
(6 Slides)
Source: Kapoor, J.R., Diabay, L.R., Hughes, R.J. (2016), Focus on Personal Finance, 6th Ed, McGrawHill /Irwin (International Edition)

Weight Weak
0 to 1.4 marks
Marginal
1.5 to 2.4 marks
Satisfactory
2.5 to 3.4 marks
Good
3.5 to 4.4 marks
Very Good
4.5 to 5 marks
Total
Marks
6 Client profile is not
well documented
Superficial summary
of client profile
Superficial risk profile
Able to provide at
least 1 point on the
risk profile
Summary of client
profile incomplete/lack
of detail
Unclear
documentation of
client profile
Able to provide 1 to 2
points to summarize
the risk profile
Satisfactory summary of
the client profile
Satisfactory
documentation of the
client profile
Able to provide 2 to 3
points to summarize the
risk profile
Show satisfactory
understanding of risk
profiling
Good summary of the
client profile
Good documentation of the
interview
Able to provide 3 points to
summarize the risk profile
Able to apply critical
concepts of risk profiling
well
Good evidence of research
Succinct summary of the
interview
Good documentation of the
client profile
Able to provide 3 succinct
points to summarize the risk
profile
Succinct application critical
concepts of risk profiling
well
Extensive evidence of
research
30
Financial goals 6 Superficial listing of
financial goals – not in
line with the interview
Superficial application
of the SMART
concept
Unclear explanation
Incomplete answer
Repetitive discussions
Unclear explanation of
financial goals
“Textbook”
application of SMART
concept.
Unclear discussion on
whether the goal is
realistic
Overall, did not reflect
good understanding of
concepts.
Lack of evidence of
research
Satisfactory explanation
of financial goals
Satisfactory application
of SMART concept.
Satisfactory discussion
on whether the goal is
realistic
Shows satisfactory
understanding of
concepts.
Satisfactory research
Good explanation of
financial goals
Good application of
SMART concept.
Good discussion on
whether the goal is realistic
Shows good understanding
of concepts.
Provide some good
evidence of research
Succinct explanation of
financial goals
Succinct application of
SMART concept.
Succinct discussion on
whether the goal is realistic
Shows excellent
understanding of concepts.
Provide additional evidence
of research
Able to apply research well
to the financial goals
30
Investment
planning
6 Superficial or no
suggestion on
commencement date
for plan.
Superficial discussion
of factors that would
have an impact on
goal.
Unclear commencement
date for plan.
“Textbook” discussion
of factors that would
have an impact on goal.
Able to highlight at
least one (1) relevant
Satisfactory
commencement date for
plan.
Satisfactory discussion of
factors that would have
an impact on goal.
Satisfactory commencement
date for plan.
Good discussion of factors
that would have an impact
on goal.
Able to highlight 2 good and
relevant factors for medium
term plan
Satisfactory commencement
date for plan.
Succinct discussion of factors
that would have an impact on
goal.
Able to highlight 2 relevant
good and relevant factors for
30

Risk profile
assessment
FIN61004 Personal Financial Planning
Written Individual Assignment – August 2021
Marking Rubrics

`6

Weight Weak
0 to 1.4 marks
Marginal
1.5 to 2.4 marks
Satisfactory
2.5 to 3.4 marks
Good
3.5 to 4.4 marks
Very Good
4.5 to 5 marks
Total
Marks
Able to highlight at
least one (1) relevant
factor for medium
term plan
Able to highlight at
least one (1) relevant
factor for long term
plan
Superficial
recommendations of
investment
Superficial
calculations
factor for medium term
plan
Able to highlight at
least one (1) relevant
factor for long term plan
Unclear
recommendations
and/or did not follow
requirements
Unclear calculations
Lack of research
Able to highlight 1 to 2
relevant factors for
medium term plan
Able to highlight 1 to 2
relevant factors for long
term plan
Satisfactory
recommendations of
investments
Satisfactory calculations
Satisfactory research
Able to highlight 2 good and
relevant factors for long term
plan
Good recommendations of
investments
Well documented and
overall accurate calculations
Good evidence of relevant
research
the medium-term plan
succinctly
Able to highlight 2 good and
relevant factors for the long
term plan succinctly
Succinct recommendations of
investments
Good documented and
overall accurate calculations
Good evidence of relevant
research and good application
to the discussions/calculations
Presentation of
report
2 Lack of proper
headings
Lack of proper
formatting
Report is not
professional
Appendices not
properly labeled/cited
in text
Did not use Harvard
Referencing System
Many unnecessary
appendices
Turnitin Similarity
Index Report not
attached
Over word > 10%
Some headings not
meaningful
Formatting issues in
some part
Report is not
professional
Appendices not
properly labeled/cited
in text
Did not use Harvard
Referencing System
Some unnecessary
appendices and not
very well organized
Rather unnecessarily
wordy
Headings satisfactory
Formatting issues in
some parts
Appendices generally
properly labeled/cited in
text
Use Harvard
Referencing System
satisfactory
Some unnecessary
appendices
Satisfactory academic
writing
Provide evidence of
adherence to word limit
Headings clear
Generally good formatting
Appendices properly
labeled/cited in text
Use Harvard Referencing
System satisfactory
Necessary and well
organized appendices
Provide clear and honest
evidence of adherence to
word limit
Well-described headings
Good formatting
Appendices well
labeled/cited in text
Use Harvard Referencing
System well
Necessary and well
organized appendices
Professional reporting
Provide clear and honest
evidence of adherence to
word limit
10
Total Marks 20 100
Convert to 35% 35%

`7
TAYLOR’S GRADUATE CAPABILITIES (TGC) RUBRICS
*The demonstration of self-inquiry in learning will be assessed through small group discussion(s) where students need to demonstrate their critical
thinking, leadership and problem-solving skills.

Criteria Weightage (%) Outstanding (7.51-10.00) Mastering (5.01-7.50) Developing (2.51-5.00) Beginning (0.00-2.50) Total Marks
Propose solutions to
existing and emerging
problems
10 Develop a comprehensive and
consistent plan to solve
problems and recognise
consequences of solutions that
articulates a reason for
choosing a solution.
Develop a feasible and
consistent plan to solve
problems and recognizes
consequences of solutions
that articulates a reason for
choosing a solution
Develop a feasible plan to
solve problems and
recognizes some
consequences of solutions
that articulates a reason for
choosing a solution
Develop a plan to solve
problems and recognizes
few consequences of
solutions that articulates a
reason for choosing a
solution
Criteria Weightage (%) Outstanding (7.51-10.00) Mastering (5.01-7.50) Developing (2.51-5.00) Beginning (0.00-2.50) Total Marks
Creative thinking 10 Extend a novel or unique idea,
question, format, or product to
create new knowledge or
knowledge that crosses
boundaries
Create a novel or unique
idea, question, format or
product
Experiment with creating
a novel, unique idea,
question, format or
product
Reformulate a collection of
available ideas
Criteria Weightage (%) Outstanding (11.26-15.00) Mastering (7.51-11.25) Developing (3.76-7.50) Beginning (0.00-3.75) Total Marks
Demonstrate self
inquiry in learning*
15 Explore a topic in-depth,
yielding a rich awareness
and/or little-known
information indicating intense
interest, initiative and effort in
the subject
Explore a topic in depth,
yielding insight and/or
information indicating
interest, initiative and effort
in the subject
Explore a topic with some
evidence of depth,
providing occasional
insight and/or information
indicating mild interest,
initiative and effort in the
subject
Explore a topic at a surface
level, providing little
insight and/or information
beyond the very basic facts
indicating low interest,
initiative and effort in the
subject
Total Marks 35%

`8
Modular Programme Assignment
Cover Sheet
(Individual Assignment)
Please complete the form (in capital letters) and attach it securely to the front of your assignment before
submitting your assignment.
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Programme:
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Name of module: ……………………………Name of tutor: ………………………………………………
Module code:
Assignment title
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Due date & time:
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We have read and understood the TU Dual Award Regulations on cheating, plagiarism and collusion and
state that this piece of work is our own and does not contain any unacknowledged work from any other
sources.
We authorise the University to test any work submitted by me, using text comparison software, for instances
of plagiarism. We understand this will involve the University or its contractor copying my work and storing
it on a database to be used in future to test work submitted by others.
Note: The attachment of this statement on any electronically submitted assignments will be deemed to have
the same authority as a signed statement.
Fold corner of EACH copy separately
and seal to obscure your name
State full name & tutorial group in block capital
1. ……………………………………………………………………
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Strengths:
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Weaknesses:
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Areas for Improvement
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Signed: Date:

DUAL AWARD PROGRAMMEASSIGNMENT FEEDBACK
Mark*
*This mark is provisional and is subject to moderation
and approval by the examining board