The task requires you to use a software or excel to write a report, which is an important skill in the financial services sector, as most roles in the financial industry require written reports. Completion of this assignment will address the following learning outcomes: 2 Analyse key data on clients to establish their overall financial position. 3 Examine the impact of behavioural finance on formulating suitable financial plans. 4 Discuss the key behavioural finance theories and how they impact on financial advice. 5 Outline the implementation and review process and discuss the need for disclosure of fees and charges. Task: Scenario Assume you work for True Planner Ltd, a firm of financial advisers, specialising in personal financial planning. Jane McCain has approached your team for advice. Jane is working as a software developer for a well-established IT firm in Cambridge. The fact finds resulting from her first appointment with you is reproduced in Appendix 2. The following notes were also made to supplement this information. •She has recently become more interested in exchange-traded products (ETPs) that directly track a specific commodity index (oil, gold, currency etc.) and would like to know more about them. •She would like to buy a house in Cambridge but the idea of paying so much interest to the lender over a long period has put her off. •She also wants to find out about pension, what she should do about her long-term savings, although he is more pre-occupied with saving for the deposit of the house. •She loves travelling and often takes a trip abroad once a year. She believes that she would need about £2,000 per year to fund this. She hopes to be able to retire at 60 to travel around the world, but she is not sure whether she can afford it. •Jane is single and wants to be married before 35 years old. REQUIRED In the second appointment with your client, you will need to provide them with a report and recommendations. Before the meeting, it is normal to discuss findings with a senior colleague. You are therefore required to prepare a 2000 draft report in preparation for a meeting with the senior colleague.