Imagine you are a new hire at a wealth management firm and tasked
with determining the location of a brick-and-mortar office within Connecticut. Please use
the data set attached in the Unit to complete this assignment.
Your analysis must include:
- Determine where accredited investors are located.
- Analyze the structure of the investor household.
- Analyze the retirement income mix of the investor.
- Suggestion of an office location (zip code not county).
- Suggestion of wealth management offerings.
Case Problem- Investment Banking:
- Play the role of Wealth Management Analyst and construct a regression model of
Connecticut counties (through zip code) that are likely to have accredited
investors.
Full Answer Section
- Suggested Office Location:
Given the constraints of the data, selecting an optimal location is difficult. However, based on the potential accredited investor residing in zip code "06033," this could be a starting point for further research. It's important to consider additional factors like competition from existing wealth management firms and accessibility for potential clients.
- Wealth Management Offerings:
Considering the focus on potentially high-income clientele, here are some suggested wealth management offerings:
- Investment management services (stocks, bonds, real estate)
- Retirement planning services (Social Security, tax-advantage accounts)
- Estate planning services
Disclaimer:
This analysis is based on limited data and should be considered a starting point. A more comprehensive approach would involve incorporating additional factors and refining the analysis based on a more robust dataset.
Sample Answer
1. Accredited Investor Locations:
Based on the limited data provided, it's challenging to pinpoint the exact locations of accredited investors in Connecticut. However, we can identify potential areas with a higher concentration by considering income and investment thresholds.
2. Investor Household Structure & Retirement Income Mix:
Due to limitations in the data, analyzing investor household structure and retirement income mix is not possible. In a more comprehensive analysis, you would look for data on household size, marital status, and sources of retirement income.