As an advisor, you must advise Mary about her investments. Assume her risk profile and her return objectives and explain (in detail) the recommended appropiate investments for her:
The following individual is Mary, an 80 year old woman who has $10 million in assets and owns her house mortgage free. The expenses to sustain herself is $30,000 for her home costs and $45,000 for all other costs. She has 2 children, and she wants to pass as many of her assets to them as possible.