Create comprehensive investment analysis for {investment_target} using {analysis_type} methodology:

**SITUATION:** You are conducting investment analysis for {investment_target} to provide data-driven investment recommendations with {time_horizon} investment horizon and {risk_tolerance} risk profile.

**TASK:** Develop thorough investment analysis using multiple valuation methodologies, risk assessment frameworks, and market analysis to support investment decision-making.

**ACTION:** Structure your analysis using proven investment analysis frameworks:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Investment Thesis:** Core investment rationale and value proposition
- **Valuation Summary:** Target price and recommendation (Buy/Hold/Sell)
- **Key Risks:** Primary risk factors and mitigation strategies
- **Financial Highlights:** Key metrics and performance indicators
- **Investment Timeline:** Expected holding period and exit strategy

**SECTION 1: COMPANY & INDUSTRY OVERVIEW** (3-4 pages)

**Company Profile:**
- Business model and revenue streams
- Competitive positioning and market share
- Management team and corporate governance
- Recent developments and strategic initiatives

**Industry Analysis:**
- Market size, growth trends, and dynamics
- Competitive landscape and key players
- Regulatory environment and compliance requirements
- Technology disruption and innovation trends

**SWOT Analysis:**
**Strengths:**
- Competitive advantages and moats
- Strong financial performance metrics
- Market leadership positions
- Operational excellence and efficiency

**Weaknesses:**
- Operational challenges and limitations
- Financial constraints or leverage concerns
- Market share erosion or competitive pressures
- Management or governance issues

**Opportunities:**
- Market expansion and growth potential
- New product/service development
- Strategic partnerships and acquisitions
- Regulatory changes creating advantages

**Threats:**
- Economic downturns and market volatility
- Competitive threats and disruption
- Regulatory changes and compliance costs
- Technology obsolescence risks

**SECTION 2: FINANCIAL ANALYSIS** (4-5 pages)

**Historical Performance Analysis (5-year trend):**
- Revenue growth and composition analysis
- Profitability metrics (gross, operating, net margins)
- Return metrics (ROE, ROA, ROIC)
- Cash flow analysis (operating, investing, financing)

**Financial Health Assessment:**
- Liquidity ratios (current, quick, cash)
- Leverage ratios (debt-to-equity, interest coverage)
- Efficiency ratios (asset turnover, inventory turnover)
- Market valuation metrics (P/E, P/B, EV/EBITDA)

**Peer Comparison Analysis:**
| Metric | {investment_target} | Peer 1 | Peer 2 | Industry Avg |
|--------|-------------------|--------|--------|--------------|
| P/E Ratio | {pe_ratio} | {peer1_pe} | {peer2_pe} | {industry_pe} |
| ROE | {roe} | {peer1_roe} | {peer2_roe} | {industry_roe} |
| Debt/Equity | {debt_equity} | {peer1_de} | {peer2_de} | {industry_de} |

**SECTION 3: VALUATION ANALYSIS** (3-4 pages)

**Discounted Cash Flow (DCF) Model:**
- Revenue projections and growth assumptions
- Operating margin and cost structure analysis
- Capital expenditure and working capital requirements
- Terminal value calculation and growth assumptions
- Weighted Average Cost of Capital (WACC) calculation
- Sensitivity analysis for key variables

**Comparable Company Analysis:**
- Trading multiples analysis (P/E, EV/EBITDA, P/B)
- Growth-adjusted metrics (PEG ratio)
- Sector-specific multiples and benchmarks
- Premium/discount analysis

**Precedent Transaction Analysis:**
- Recent M&A transactions in the sector
- Transaction multiples and premiums paid
- Strategic vs. financial buyer analysis
- Control premium considerations

**Valuation Summary:**
- DCF valuation range: ${dcf_low} - ${dcf_high}
- Comparable company valuation: ${comp_valuation}
- Precedent transaction valuation: ${transaction_valuation}
- **Target Price:** ${target_price} (methodology-weighted average)

**SECTION 4: RISK ASSESSMENT** (2-3 pages)

**Business Risks:**
- Industry cyclicality and economic sensitivity
- Competitive threats and market disruption
- Regulatory changes and compliance costs
- Technology obsolescence and innovation risks

**Financial Risks:**
- Credit risk and default probability
- Liquidity risk and funding constraints
- Interest rate and currency exposure
- Leverage and financial flexibility concerns

**Market Risks:**
- Systematic risk and beta analysis
- Volatility and correlation analysis
- Liquidity risk and trading volume
- Market sentiment and investor perception

**ESG Risks:**
- Environmental compliance and sustainability
- Social responsibility and stakeholder relations
- Governance quality and transparency
- Regulatory and reputational risks

**Risk Mitigation Strategies:**
- Diversification and hedging opportunities
- Position sizing and portfolio allocation
- Stop-loss and risk management protocols
- Monitoring and review procedures

**SECTION 5: INVESTMENT RECOMMENDATION** (1-2 pages)

**Investment Recommendation:** {recommendation} (Buy/Hold/Sell)

**Rationale:**
- Compelling valuation opportunity at current levels
- Strong fundamental business performance
- Favorable industry dynamics and growth prospects
- Manageable risk profile with clear mitigation strategies

**Price Target:** ${target_price}
**Expected Return:** {expected_return}% over {time_horizon}
**Risk Rating:** {risk_rating} (Low/Medium/High)

**Key Catalysts:**
- Earnings growth acceleration
- Market share expansion
- Strategic initiatives execution
- Industry consolidation opportunities

**Monitoring Points:**
- Quarterly earnings and guidance updates
- Industry trends and competitive developments
- Regulatory changes and policy updates
- Macroeconomic indicators and market conditions

**Portfolio Allocation Recommendation:**
- Suggested position size: {position_size}% of portfolio
- Sector allocation considerations
- Risk budget and correlation analysis
- Rebalancing triggers and thresholds

**RESULT:** Ensure your investment analysis provides:

**Analytical Rigor:**
- Multiple valuation methodologies and cross-validation
- Comprehensive risk assessment and scenario analysis
- Peer comparison and industry benchmarking
- Sensitivity analysis for key assumptions

**Investment Clarity:**
- Clear investment thesis and recommendation
- Quantified return expectations and risk metrics
- Specific catalysts and monitoring points
- Portfolio allocation and position sizing guidance

**Professional Standards:**
- CFA Institute standards compliance
- Objective and unbiased analysis
- Transparent methodology and assumptions
- Comprehensive documentation and support

Optimize portfolio allocation for {portfolio_size} with {return_target} target return and {risk_budget} risk budget:

**SITUATION:** You are constructing optimal portfolio allocation for {portfolio_size} to achieve {return_target} target return while managing risk within {risk_budget} constraints and meeting {constraints} requirements.

**TASK:** Develop optimal asset allocation using Modern Portfolio Theory, risk-return optimization, and strategic allocation frameworks to maximize risk-adjusted returns.

**ACTION:** Structure your optimization using proven portfolio construction methodologies:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Optimal Allocation:** Strategic asset allocation recommendations
- **Expected Performance:** Risk-return characteristics and projections
- **Risk Metrics:** Volatility, VaR, and downside risk measures
- **Implementation Plan:** Phased approach and rebalancing strategy
- **Monitoring Framework:** Performance tracking and review process

**SECTION 1: INVESTMENT UNIVERSE & CONSTRAINTS** (2-3 pages)

**Asset Classes Available:**
- **Equities:** Domestic, international developed, emerging markets
- **Fixed Income:** Government, corporate, high yield, inflation-linked
- **Alternatives:** Real estate, commodities, private equity, hedge funds
- **Cash & Equivalents:** Money market, short-term instruments

**Investment Constraints:**
- **Regulatory Constraints:** {regulatory_limits}
- **Liquidity Requirements:** {liquidity_needs}
- **ESG Considerations:** {esg_requirements}
- **Currency Exposure:** {currency_limits}
- **Concentration Limits:** Maximum single asset class: {max_concentration}%

**Risk Budget Allocation:**
- Total portfolio risk budget: {risk_budget}
- Risk allocation by asset class
- Active vs. passive risk allocation
- Tracking error constraints

**SECTION 2: EXPECTED RETURNS & RISK MODELING** (3-4 pages)

**Capital Market Assumptions:**
| Asset Class | Expected Return | Volatility | Sharpe Ratio |
|-------------|----------------|------------|--------------|
| US Equities | {us_eq_return}% | {us_eq_vol}% | {us_eq_sharpe} |
| Intl Equities | {intl_eq_return}% | {intl_eq_vol}% | {intl_eq_sharpe} |
| US Bonds | {us_bond_return}% | {us_bond_vol}% | {us_bond_sharpe} |
| Alternatives | {alt_return}% | {alt_vol}% | {alt_sharpe} |

**Correlation Matrix:**
```
           US Eq  Intl Eq  US Bonds  Alts
US Eq      1.00   {corr_us_intl}  {corr_us_bond}  {corr_us_alt}
Intl Eq           1.00   {corr_intl_bond} {corr_intl_alt}
US Bonds                 1.00   {corr_bond_alt}
Alts                            1.00
```

**Risk Model Validation:**
- Historical correlation stability analysis
- Stress testing under different market regimes
- Factor model decomposition
- Tail risk and extreme scenario analysis

**SECTION 3: OPTIMIZATION METHODOLOGY** (2-3 pages)

**Mean-Variance Optimization:**
- Objective function: Maximize (Expected Return - λ × Risk²)
- Risk aversion parameter (λ): {risk_aversion}
- Optimization constraints and bounds
- Efficient frontier construction

**Risk Parity Approach:**
- Equal risk contribution methodology
- Risk budgeting across asset classes
- Leverage and de-leveraging considerations
- Volatility targeting framework

**Black-Litterman Enhancement:**
- Market equilibrium assumptions
- Investor views and confidence levels
- Bayesian updating of expected returns
- Uncertainty adjustment and robustness

**Multi-Objective Optimization:**
- Return maximization vs. risk minimization
- Liquidity vs. return trade-offs
- ESG scoring integration
- Transaction cost minimization

**SECTION 4: OPTIMAL ALLOCATION RESULTS** (3-4 pages)

**Strategic Asset Allocation:**
- **Equities:** {equity_allocation}%
  - US Large Cap: {us_large_allocation}%
  - US Small Cap: {us_small_allocation}%
  - International Developed: {intl_dev_allocation}%
  - Emerging Markets: {em_allocation}%

- **Fixed Income:** {bond_allocation}%
  - Government Bonds: {govt_allocation}%
  - Corporate Bonds: {corp_allocation}%
  - High Yield: {hy_allocation}%
  - International Bonds: {intl_bond_allocation}%

- **Alternatives:** {alt_allocation}%
  - Real Estate (REITs): {reit_allocation}%
  - Commodities: {commodity_allocation}%
  - Private Markets: {private_allocation}%

- **Cash:** {cash_allocation}%

**Portfolio Characteristics:**
- Expected Annual Return: {portfolio_return}%
- Expected Volatility: {portfolio_volatility}%
- Sharpe Ratio: {portfolio_sharpe}
- Maximum Drawdown (95% confidence): {max_drawdown}%
- Value at Risk (1-day, 95%): {var_95}%

**Efficient Frontier Analysis:**
- Risk-return trade-off visualization
- Optimal portfolio location on frontier
- Alternative allocation scenarios
- Sensitivity to constraint changes

**SECTION 5: RISK ANALYSIS & STRESS TESTING** (2-3 pages)

**Risk Decomposition:**
- Contribution to portfolio risk by asset class
- Factor exposure analysis (market, size, value, momentum)
- Geographic and sector concentration risk
- Currency exposure and hedging analysis

**Scenario Analysis:**
**Base Case (50% probability):**
- Portfolio return: {base_return}%
- Portfolio volatility: {base_volatility}%

**Recession Scenario (25% probability):**
- Portfolio return: {recession_return}%
- Maximum drawdown: {recession_drawdown}%

**Inflation Scenario (25% probability):**
- Real return: {inflation_real_return}%
- Inflation protection effectiveness

**Stress Testing Results:**
- 2008 Financial Crisis simulation
- COVID-19 market shock analysis
- Interest rate shock scenarios
- Geopolitical risk events

**SECTION 6: IMPLEMENTATION STRATEGY** (2-3 pages)

**Phased Implementation:**
**Phase 1 (Month 1):** Core allocation establishment
- Implement 60% of target allocation
- Focus on liquid, low-cost instruments
- Establish risk management framework

**Phase 2 (Months 2-3):** Completion and refinement
- Complete remaining 40% allocation
- Add alternative investments
- Fine-tune sector and geographic exposures

**Rebalancing Framework:**
- Threshold-based rebalancing (±5% from target)
- Calendar-based review (quarterly)
- Volatility-adjusted rebalancing
- Tax-efficient rebalancing strategies

**Implementation Costs:**
- Transaction costs: {transaction_costs}%
- Management fees: {management_fees}% annually
- Bid-ask spreads and market impact
- Tax implications and optimization

**SECTION 7: MONITORING & REVIEW** (1-2 pages)

**Performance Attribution:**
- Asset allocation vs. security selection
- Active vs. passive contribution
- Currency and sector attribution
- Risk-adjusted performance metrics

**Risk Monitoring:**
- Daily risk metrics and VaR reporting
- Correlation breakdown and regime changes
- Liquidity monitoring and stress testing
- ESG scoring and impact measurement

**Review Schedule:**
- Monthly performance and risk review
- Quarterly rebalancing assessment
- Annual strategic allocation review
- Capital market assumptions update

**Trigger Events for Review:**
- Significant market regime changes
- Correlation breakdown or instability
- Regulatory or constraint changes
- Performance deviation beyond thresholds

**RESULT:** Ensure your portfolio optimization provides:

**Mathematical Rigor:**
- Robust optimization methodology and validation
- Comprehensive risk modeling and stress testing
- Sensitivity analysis and scenario planning
- Statistical significance and confidence intervals

**Practical Implementation:**
- Realistic constraints and market considerations
- Cost-effective implementation strategy
- Liquidity and operational feasibility
- Tax efficiency and regulatory compliance

**Ongoing Management:**
- Clear monitoring and review framework
- Performance attribution and analysis
- Risk management and control processes
- Continuous improvement and adaptation

Analyze financial statements for {company_name} over {analysis_period} with focus on {analysis_focus}:

**SITUATION:** You are conducting comprehensive financial statement analysis for {company_name} to evaluate financial performance, position, and trends for {analysis_focus} decision-making.

**TASK:** Develop thorough financial analysis using ratio analysis, trend identification, and peer comparison to assess company's financial health and investment attractiveness.

**ACTION:** Structure your analysis using proven financial statement analysis methodologies:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Financial Health Assessment:** Overall financial condition rating
- **Key Performance Trends:** Critical metrics and directional changes
- **Competitive Position:** Relative performance vs. {peer_group}
- **Investment Recommendation:** Buy/Hold/Sell with rationale
- **Key Risk Factors:** Primary concerns and monitoring points

**SECTION 1: COMPANY OVERVIEW** (1-2 pages)

**Business Description:**
- Core business operations and revenue streams
- Market position and competitive landscape
- Geographic presence and market exposure
- Recent strategic initiatives and developments

**Financial Reporting Quality:**
- Auditor opinion and any qualifications
- Accounting policies and significant estimates
- Related party transactions and disclosures
- Management discussion and analysis insights

**SECTION 2: PROFITABILITY ANALYSIS** (3-4 pages)

**Revenue Analysis:**
- Revenue growth trends over {analysis_period}
- Revenue composition and diversification
- Seasonal patterns and cyclicality
- Market share and pricing power assessment

**Margin Analysis:**
| Metric | Current Year | Prior Year | 3-Year Avg | Industry Avg |
|--------|--------------|------------|------------|--------------|
| Gross Margin | {gross_margin}% | {prior_gross}% | {avg_gross}% | {ind_gross}% |
| Operating Margin | {op_margin}% | {prior_op}% | {avg_op}% | {ind_op}% |
| Net Margin | {net_margin}% | {prior_net}% | {avg_net}% | {ind_net}% |
| EBITDA Margin | {ebitda_margin}% | {prior_ebitda}% | {avg_ebitda}% | {ind_ebitda}% |

**Profitability Trends:**
- Operating leverage and scalability
- Cost structure analysis and efficiency
- One-time items and adjustments
- Earnings quality and sustainability

**Return Metrics:**
- Return on Assets (ROA): {roa}%
- Return on Equity (ROE): {roe}%
- Return on Invested Capital (ROIC): {roic}%
- DuPont analysis decomposition

**SECTION 3: LIQUIDITY ANALYSIS** (2-3 pages)

**Short-term Liquidity:**
- Current Ratio: {current_ratio}
- Quick Ratio: {quick_ratio}
- Cash Ratio: {cash_ratio}
- Operating Cash Flow to Current Liabilities: {ocf_cl_ratio}

**Working Capital Management:**
- Days Sales Outstanding (DSO): {dso} days
- Days Inventory Outstanding (DIO): {dio} days
- Days Payable Outstanding (DPO): {dpo} days
- Cash Conversion Cycle: {ccc} days

**Cash Flow Analysis:**
- Operating cash flow trends and quality
- Free cash flow generation and sustainability
- Capital expenditure requirements
- Cash flow coverage ratios

**Liquidity Assessment:**
- Available credit facilities and capacity
- Debt maturity profile and refinancing risk
- Seasonal liquidity requirements
- Contingent liabilities and commitments

**SECTION 4: LEVERAGE & SOLVENCY ANALYSIS** (2-3 pages)

**Debt Structure Analysis:**
- Total Debt to Equity: {debt_equity_ratio}
- Net Debt to EBITDA: {net_debt_ebitda}
- Long-term Debt to Capital: {lt_debt_capital}
- Debt maturity schedule and refinancing needs

**Coverage Ratios:**
- Interest Coverage Ratio: {interest_coverage}x
- EBITDA Coverage Ratio: {ebitda_coverage}x
- Fixed Charge Coverage: {fixed_charge_coverage}x
- Debt Service Coverage: {debt_service_coverage}x

**Capital Structure Optimization:**
- Optimal capital structure assessment
- Cost of capital implications
- Financial flexibility and capacity
- Covenant compliance and headroom

**Credit Risk Assessment:**
- Credit rating and outlook
- Probability of default indicators
- Recovery analysis and security
- Peer comparison and benchmarking

**SECTION 5: EFFICIENCY & ACTIVITY ANALYSIS** (2 pages)

**Asset Utilization:**
- Asset Turnover: {asset_turnover}x
- Inventory Turnover: {inventory_turnover}x
- Receivables Turnover: {receivables_turnover}x
- Fixed Asset Turnover: {fixed_asset_turnover}x

**Operational Efficiency:**
- Employee productivity metrics
- Revenue per employee: ${revenue_per_employee}
- Operating expense ratios and trends
- Technology and automation impact

**Capital Allocation:**
- Capital expenditure efficiency
- Acquisition and divestiture activity
- Dividend policy and share repurchases
- R&D investment and innovation

**SECTION 6: PEER COMPARISON ANALYSIS** (2-3 pages)

**Peer Group Selection:**
- {peer_group} companies selected based on:
  - Similar business models and markets
  - Comparable size and scale
  - Geographic and regulatory environment
  - Industry classification and focus

**Comparative Analysis:**
| Metric | {company_name} | Peer 1 | Peer 2 | Peer 3 | Industry Median |
|--------|----------------|--------|--------|--------|-----------------|
| Revenue Growth | {revenue_growth}% | {p1_growth}% | {p2_growth}% | {p3_growth}% | {ind_growth}% |
| ROE | {roe}% | {p1_roe}% | {p2_roe}% | {p3_roe}% | {ind_roe}% |
| Debt/Equity | {debt_equity} | {p1_de} | {p2_de} | {p3_de} | {ind_de} |
| P/E Ratio | {pe_ratio} | {p1_pe} | {p2_pe} | {p3_pe} | {ind_pe} |

**Relative Performance:**
- Strengths vs. peer group
- Areas for improvement
- Competitive positioning
- Valuation premium/discount analysis

**SECTION 7: TREND ANALYSIS & FORECASTING** (2-3 pages)

**Historical Trend Analysis:**
- 5-year financial performance trends
- Cyclical and seasonal patterns
- Growth trajectory and sustainability
- Management guidance vs. actual performance

**Forward-Looking Indicators:**
- Management guidance and outlook
- Industry trends and market dynamics
- Capital allocation plans and strategy
- Regulatory and competitive changes

**Financial Projections:**
- Revenue growth assumptions: {revenue_forecast}%
- Margin expansion/compression expectations
- Capital expenditure requirements
- Free cash flow projections

**SECTION 8: RISK ASSESSMENT** (1-2 pages)

**Financial Risks:**
- Liquidity and refinancing risks
- Credit and default risk
- Interest rate and currency exposure
- Concentration and diversification risks

**Operational Risks:**
- Business model sustainability
- Competitive threats and disruption
- Regulatory and compliance risks
- Key person and execution risks

**Market Risks:**
- Economic sensitivity and cyclicality
- Market share and pricing pressure
- Technology disruption threats
- ESG and sustainability risks

**SECTION 9: INVESTMENT RECOMMENDATION** (1 page)

**Overall Assessment:** {investment_rating} (Strong Buy/Buy/Hold/Sell/Strong Sell)

**Investment Thesis:**
- Key value drivers and catalysts
- Competitive advantages and moats
- Financial strength and flexibility
- Risk-adjusted return potential

**Price Target:** ${price_target}
**Expected Return:** {expected_return}% over {time_horizon}
**Risk Rating:** {risk_level} (Low/Medium/High)

**Key Monitoring Points:**
- Quarterly earnings and guidance
- Cash flow generation and quality
- Debt levels and covenant compliance
- Market share and competitive position

**RESULT:** Ensure your financial statement analysis provides:

**Analytical Depth:**
- Comprehensive ratio analysis and interpretation
- Multi-period trend identification and analysis
- Peer comparison and industry benchmarking
- Forward-looking assessment and projections

**Investment Insights:**
- Clear investment recommendation with rationale
- Risk-return profile and valuation assessment
- Key value drivers and performance catalysts
- Monitoring framework and review triggers

**Professional Standards:**
- Objective and unbiased analysis
- Transparent methodology and assumptions
- Comprehensive documentation and support
- Compliance with analytical best practices

Analyze M&A opportunity for {acquirer_company} acquiring {target_company} using {transaction_structure}:

**SITUATION:** You are evaluating M&A transaction for {acquirer_company} to acquire {target_company} using {transaction_structure} to assess strategic fit, financial impact, and value creation potential.

**TASK:** Develop comprehensive M&A analysis including valuation, synergy assessment, accretion/dilution modeling, and integration planning to support transaction decision-making.

**ACTION:** Structure your M&A analysis using proven transaction evaluation methodologies:

**EXECUTIVE SUMMARY** (2-3 pages)
- **Transaction Overview:** Strategic rationale and structure
- **Valuation Summary:** Target valuation range and offer price
- **Synergy Analysis:** Revenue and cost synergy quantification
- **Financial Impact:** EPS accretion/dilution and returns analysis
- **Recommendation:** Proceed/restructure/decline with conditions

**SECTION 1: STRATEGIC RATIONALE** (2 pages)
- Market expansion and geographic reach
- Product portfolio complementarity
- Technology and capability acquisition
- Scale benefits and cost synergies
- Competitive positioning enhancement

**SECTION 2: VALUATION ANALYSIS** (4-5 pages)

**DCF Analysis:**
- Revenue growth assumptions: {dcf_revenue_growth}%
- EBITDA margin projections: {dcf_ebitda_margin}%
- Terminal growth rate: {dcf_terminal_growth}%
- Discount rate (WACC): {dcf_wacc}%
- **DCF Value:** ${dcf_value_low} - ${dcf_value_high}

**Comparable Company Analysis:**
- **Comparable Value:** ${comp_value_low} - ${comp_value_high}

**Precedent Transaction Analysis:**
- **Transaction Value:** ${precedent_value_low} - ${precedent_value_high}

**SECTION 3: SYNERGY ANALYSIS** (3-4 pages)

**Revenue Synergies:**
- Cross-selling opportunities: ${cross_sell_synergy}
- Market expansion: ${geographic_synergy}
- Pricing power enhancement: ${pricing_synergy}
- **Total Revenue Synergies:** ${total_revenue_synergies}

**Cost Synergies:**
- Operational optimization: ${operations_synergy}
- Corporate consolidation: ${admin_synergy}
- Technology integration: ${technology_synergy}
- **Total Cost Synergies:** ${total_cost_synergies}

**SECTION 4: FINANCIAL IMPACT** (3-4 pages)

**EPS Impact Analysis:**
| Year | Standalone EPS | Pro Forma EPS | Accretion/(Dilution) |
|------|----------------|---------------|---------------------|
| Year 1 | ${standalone_eps_y1} | ${proforma_eps_y1} | {eps_impact_pct_y1}% |
| Year 2 | ${standalone_eps_y2} | ${proforma_eps_y2} | {eps_impact_pct_y2}% |
| Year 3 | ${standalone_eps_y3} | ${proforma_eps_y3} | {eps_impact_pct_y3}% |

**Return Metrics:**
- Internal rate of return (IRR): {transaction_irr}%
- Net present value (NPV): ${transaction_npv}
- Return on invested capital (ROIC): {transaction_roic}%

**SECTION 5: RISK ASSESSMENT** (2-3 pages)
- Integration risks and challenges
- Synergy realization uncertainties
- Regulatory and competitive risks
- Financial and market risks

**SECTION 6: RECOMMENDATIONS** (1-2 pages)

**Transaction Recommendation:** {transaction_recommendation}
**Recommended Offer Price:** ${recommended_offer_price}
**Key Success Factors:** Integration execution and synergy realization

**RESULT:** Ensure your M&A analysis provides:

**Strategic Clarity:**
- Clear strategic rationale and value proposition
- Comprehensive competitive and market analysis
- Integration planning and execution roadmap

**Financial Rigor:**
- Multiple valuation methodologies and cross-validation
- Detailed synergy quantification and timeline
- Comprehensive pro forma financial modeling

Conduct comprehensive credit risk assessment for {borrower_profile} requesting {loan_amount}:

**SITUATION:** You are evaluating credit risk for {borrower_profile} to determine appropriate lending terms, pricing, and risk mitigation measures while ensuring regulatory compliance.

**TASK:** Develop thorough credit risk assessment using quantitative models, qualitative analysis, and regulatory frameworks to support lending decisions.

**ACTION:** Structure your assessment using proven credit risk methodologies:

**EXECUTIVE SUMMARY** (1 page)
- **Credit Recommendation:** Approve/Decline/Conditional approval
- **Risk Rating:** Internal risk grade and external rating equivalent
- **Key Risk Factors:** Primary concerns and mitigation strategies
- **Pricing Recommendation:** Interest rate and fee structure
- **Monitoring Requirements:** Ongoing oversight and covenant structure

**SECTION 1: BORROWER ANALYSIS** (3-4 pages)

**Financial Analysis:**
- **Liquidity Assessment:**
  - Current ratio: {current_ratio}
  - Quick ratio: {quick_ratio}
  - Cash conversion cycle: {cash_cycle} days
  - Working capital trends and seasonality

- **Leverage Analysis:**
  - Total debt-to-equity: {debt_equity_ratio}
  - Interest coverage ratio: {interest_coverage}
  - Debt service coverage ratio: {dscr}
  - Fixed charge coverage ratio: {fccr}

- **Profitability Metrics:**
  - Gross profit margin: {gross_margin}%
  - Operating margin: {operating_margin}%
  - Net profit margin: {net_margin}%
  - Return on assets: {roa}%
  - Return on equity: {roe}%

**Cash Flow Analysis:**
- Operating cash flow trends (5-year history)
- Free cash flow generation and sustainability
- Capital expenditure requirements and timing
- Seasonal variations and cyclical patterns

**Management Assessment:**
- Leadership experience and track record
- Industry expertise and strategic vision
- Financial management capabilities
- Succession planning and key person risk

**SECTION 2: INDUSTRY & MARKET ANALYSIS** (2-3 pages)

**Industry Overview:**
- Market size, growth trends, and outlook
- Competitive landscape and positioning
- Regulatory environment and compliance requirements
- Technology disruption and innovation impact

**Business Model Evaluation:**
- Revenue diversification and concentration risk
- Customer base analysis and retention rates
- Supplier relationships and concentration risk
- Competitive advantages and market position

**Economic Sensitivity:**
- Cyclical vs. defensive characteristics
- Interest rate sensitivity analysis
- Currency and commodity exposure
- Geographic concentration and diversification

**SECTION 3: QUANTITATIVE RISK ASSESSMENT** (3-4 pages)

**Probability of Default (PD) Analysis:**
- Historical default rates for similar borrowers
- Financial ratio-based scoring models
- Market-based indicators (if applicable)
- Stress testing under adverse scenarios

**Loss Given Default (LGD) Estimation:**
- Collateral valuation and recovery analysis
- Seniority and security structure assessment
- Historical recovery rates by industry/asset class
- Liquidation timeline and costs

**Exposure at Default (EAD) Calculation:**
- Current outstanding exposure
- Undrawn commitment utilization rates
- Potential future exposure modeling
- Netting and collateral considerations

**Expected Loss Calculation:**
- EL = PD × LGD × EAD
- Economic capital allocation
- Risk-adjusted return on capital (RAROC)
- Pricing implications and profitability

**SECTION 4: QUALITATIVE RISK FACTORS** (2-3 pages)

**Business Risk Assessment:**
- Market position and competitive threats
- Product/service diversification
- Customer concentration and quality
- Operational efficiency and scalability

**Financial Risk Evaluation:**
- Capital structure appropriateness
- Financial flexibility and covenant headroom
- Cash flow predictability and volatility
- Access to capital markets and funding sources

**Environmental, Social, Governance (ESG) Risks:**
- Environmental compliance and sustainability
- Social responsibility and stakeholder relations
- Corporate governance quality and transparency
- Regulatory and reputational risk exposure

**SECTION 5: STRESS TESTING & SCENARIO ANALYSIS** (2-3 pages)

**Base Case Scenario:**
- Expected performance under normal conditions
- Key assumptions and sensitivities
- Covenant compliance projections
- Debt service capacity analysis

**Adverse Scenario:**
- Economic downturn impact (GDP decline, unemployment rise)
- Industry-specific stress factors
- Interest rate shock analysis
- Covenant breach probability and timing

**Severe Adverse Scenario:**
- Extreme economic stress conditions
- Multiple risk factor correlation
- Liquidity crisis simulation
- Recovery and workout scenarios

**Stress Test Results:**
| Scenario | PD | LGD | Expected Loss | Risk Rating |
|----------|----|----|---------------|-------------|
| Base Case | {base_pd}% | {base_lgd}% | ${base_el} | {base_rating} |
| Adverse | {adverse_pd}% | {adverse_lgd}% | ${adverse_el} | {adverse_rating} |
| Severe | {severe_pd}% | {severe_lgd}% | ${severe_el} | {severe_rating} |

**SECTION 6: RISK MITIGATION & STRUCTURE** (2 pages)

**Collateral and Security:**
- Primary collateral valuation and coverage
- Secondary collateral and guarantees
- Security perfection and documentation
- Monitoring and revaluation procedures

**Covenant Structure:**
- Financial covenants (leverage, coverage, liquidity)
- Operational covenants and restrictions
- Reporting requirements and frequency
- Cure periods and waiver mechanisms

**Pricing and Terms:**
- Risk-based pricing methodology
- Interest rate structure (fixed vs. floating)
- Fee structure and compensation
- Maturity and amortization schedule

**Monitoring and Early Warning:**
- Key performance indicators (KPIs)
- Financial reporting requirements
- Site visits and management meetings
- Covenant testing and compliance monitoring

**SECTION 7: RECOMMENDATION** (1 page)

**Credit Decision:** {credit_decision} (Approve/Decline/Conditional)

**Risk Rating:** {final_risk_rating}
**Maximum Exposure:** ${maximum_exposure}
**Pricing:** {interest_rate}% + {fees}
**Term:** {loan_term} years

**Key Conditions:**
- Collateral requirements and coverage ratios
- Financial covenant thresholds
- Reporting and monitoring requirements
- Material adverse change provisions

**Risk Monitoring Plan:**
- Quarterly financial statement review
- Annual site visits and management meetings
- Covenant testing and compliance verification
- Portfolio risk reporting and escalation

**RESULT:** Ensure your credit risk assessment provides:

**Regulatory Compliance:**
- Basel III capital requirements adherence
- CECL/IFRS 9 expected loss provisions
- Stress testing regulatory standards
- Documentation and audit trail requirements

**Risk Quantification:**
- Accurate PD, LGD, and EAD estimates
- Expected and unexpected loss calculations
- Economic capital allocation
- Risk-adjusted pricing and profitability

**Decision Support:**
- Clear credit recommendation with rationale
- Comprehensive risk factor identification
- Appropriate risk mitigation strategies
- Ongoing monitoring and management framework

Conduct market risk assessment for {portfolio_type} with {confidence_level} confidence level over {time_horizon}:

**SITUATION:** You are evaluating market risk exposure for {portfolio_type} to quantify potential losses, set appropriate risk limits, and ensure regulatory compliance with {risk_factors} considerations.

**TASK:** Develop comprehensive market risk assessment using VaR models, stress testing, and scenario analysis to support risk management decisions and regulatory requirements.

**ACTION:** Structure your assessment using proven market risk methodologies:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Risk Profile Overview:** Current market risk exposure and key metrics
- **VaR Summary:** {confidence_level}% VaR over {time_horizon}: ${var_amount}
- **Stress Test Results:** Maximum potential loss under adverse scenarios
- **Key Risk Factors:** Primary market risk drivers and sensitivities
- **Risk Management Actions:** Recommended hedging and mitigation strategies

**SECTION 1: PORTFOLIO COMPOSITION & RISK FACTORS** (2-3 pages)

**Portfolio Overview:**
- Total portfolio value: ${portfolio_value}
- Asset class breakdown and concentrations
- Geographic and currency exposures
- Sector and industry allocations

**Risk Factor Identification:**
- **Equity Risk:** Market indices, sector factors, individual stocks
- **Interest Rate Risk:** Yield curve shifts, credit spreads, duration
- **Currency Risk:** FX rates, emerging market currencies
- **Commodity Risk:** Energy, metals, agricultural products
- **Volatility Risk:** Implied volatility changes, volatility surfaces

**Risk Factor Mapping:**
| Asset Class | Primary Risk Factors | Secondary Risk Factors |
|-------------|---------------------|------------------------|
| Equities | {equity_factors} | {equity_secondary} |
| Fixed Income | {bond_factors} | {bond_secondary} |
| Currencies | {fx_factors} | {fx_secondary} |
| Commodities | {commodity_factors} | {commodity_secondary} |

**SECTION 2: VALUE-AT-RISK ANALYSIS** (3-4 pages)

**VaR Methodology:**
- **Parametric VaR:** Normal distribution assumptions
- **Historical Simulation:** Empirical distribution approach
- **Monte Carlo VaR:** Stochastic simulation methods
- **Hybrid Approaches:** Combined methodologies

**VaR Calculations:**
**Daily VaR ({confidence_level}% confidence):**
- Parametric VaR: ${parametric_var}
- Historical VaR: ${historical_var}
- Monte Carlo VaR: ${monte_carlo_var}
- **Recommended VaR:** ${recommended_var}

**VaR Decomposition by Risk Factor:**
- Equity risk contribution: ${equity_var} ({equity_pct}%)
- Interest rate risk: ${ir_var} ({ir_pct}%)
- Currency risk: ${fx_var} ({fx_pct}%)
- Commodity risk: ${commodity_var} ({commodity_pct}%)
- Diversification benefit: ${diversification_benefit}

**VaR Scaling and Time Horizons:**
- 1-day VaR: ${daily_var}
- 10-day VaR: ${ten_day_var}
- Monthly VaR: ${monthly_var}
- Quarterly VaR: ${quarterly_var}

**Model Validation:**
- Backtesting results and exception analysis
- Model accuracy and reliability metrics
- Kupiec test and traffic light approach
- Model limitations and assumptions

**SECTION 3: STRESS TESTING & SCENARIO ANALYSIS** (3-4 pages)

**Regulatory Stress Tests:**
**CCAR/DFAST Scenarios:**
- Baseline scenario impact: ${baseline_impact}
- Adverse scenario impact: ${adverse_impact}
- Severely adverse scenario: ${severe_impact}

**Historical Scenario Replications:**
**2008 Financial Crisis:**
- Portfolio impact: ${crisis_2008_impact}
- Recovery timeline: {crisis_recovery_time}
- Lessons learned and risk factors

**COVID-19 Market Shock (March 2020):**
- Maximum drawdown: ${covid_drawdown}
- Volatility spike impact: ${volatility_impact}
- Liquidity stress effects: ${liquidity_impact}

**Custom Stress Scenarios:**
**Interest Rate Shock:**
- +200bp parallel shift: ${ir_shock_200bp}
- Yield curve steepening: ${curve_steepening}
- Credit spread widening: ${credit_spread_shock}

**Equity Market Crash:**
- -30% equity market decline: ${equity_crash_30}
- Sector rotation stress: ${sector_rotation}
- Correlation breakdown: ${correlation_breakdown}

**Currency Crisis:**
- Emerging market FX crisis: ${em_fx_crisis}
- USD strength scenario: ${usd_strength}
- Currency volatility spike: ${fx_vol_spike}

**SECTION 4: EXPECTED SHORTFALL & TAIL RISK** (2-3 pages)

**Expected Shortfall (Conditional VaR):**
- ES at {confidence_level}%: ${expected_shortfall}
- Tail risk characteristics and fat-tail analysis
- Extreme value theory applications
- Coherent risk measure properties

**Tail Risk Metrics:**
- Maximum potential loss (99.9% confidence): ${max_potential_loss}
- Tail expectation and conditional distributions
- Extreme scenario probabilities
- Black swan event considerations

**Risk Concentration Analysis:**
- Single name concentration limits
- Sector and geographic concentration
- Correlation clustering and systemic risk
- Liquidity concentration and funding risk

**SECTION 5: SENSITIVITY ANALYSIS** (2-3 pages)

**Greeks and Risk Sensitivities:**
**Equity Sensitivities:**
- Delta exposure: ${delta_exposure}
- Gamma exposure: ${gamma_exposure}
- Vega exposure: ${vega_exposure}

**Interest Rate Sensitivities:**
- Duration (DV01): ${duration_exposure}
- Convexity: ${convexity_exposure}
- Key rate durations: ${key_rate_durations}

**Currency Sensitivities:**
- FX delta by currency pair
- Cross-currency correlations
- Emerging market exposures

**Scenario Sensitivities:**
- 1% equity market move: ${equity_1pct_impact}
- 10bp interest rate shift: ${ir_10bp_impact}
- 5% currency depreciation: ${fx_5pct_impact}
- 10% volatility increase: ${vol_10pct_impact}

**SECTION 6: RISK LIMITS & MONITORING** (2 pages)

**Risk Limit Framework:**
- VaR limits by portfolio/desk: ${var_limits}
- Stress test limits: ${stress_limits}
- Concentration limits: ${concentration_limits}
- Stop-loss triggers: ${stop_loss_levels}

**Risk Monitoring Dashboard:**
- Real-time risk metrics and alerts
- Limit utilization and breaches
- P&L attribution and explanation
- Risk-adjusted performance metrics

**Escalation Procedures:**
- Limit breach notification process
- Risk committee reporting requirements
- Management action triggers
- Regulatory reporting obligations

**SECTION 7: HEDGING & MITIGATION STRATEGIES** (2-3 pages)

**Hedge Effectiveness Analysis:**
- Current hedge ratios and effectiveness
- Hedge accounting considerations
- Basis risk and hedge slippage
- Dynamic hedging strategies

**Recommended Hedging Actions:**
**Equity Risk Hedging:**
- Index futures/options strategies
- Sector-specific hedges
- Volatility hedging approaches

**Interest Rate Risk Hedging:**
- Duration matching strategies
- Interest rate swaps and futures
- Credit spread hedging

**Currency Risk Hedging:**
- FX forward contracts
- Currency options strategies
- Natural hedging opportunities

**Cost-Benefit Analysis:**
- Hedging costs vs. risk reduction
- Opportunity cost considerations
- Hedge efficiency metrics
- Alternative risk mitigation approaches

**SECTION 8: REGULATORY COMPLIANCE** (1-2 pages)

**Regulatory Requirements:**
- Basel III market risk capital requirements
- Fundamental Review of Trading Book (FRTB)
- Volcker Rule compliance considerations
- Local regulatory requirements

**Capital Allocation:**
- Risk-weighted assets calculation
- Market risk capital charge: ${market_risk_capital}
- Economic capital allocation
- RAROC and risk-adjusted returns

**Reporting Requirements:**
- Daily risk reporting to management
- Regulatory reporting schedules
- Stress testing submissions
- Model validation documentation

**SECTION 9: RECOMMENDATIONS** (1 page)

**Risk Management Actions:**
1. **Immediate (0-30 days):** {immediate_actions}
2. **Short-term (1-3 months):** {short_term_actions}
3. **Medium-term (3-12 months):** {medium_term_actions}

**Risk Limit Adjustments:**
- Recommended VaR limit changes
- Stress test limit modifications
- Concentration limit updates
- New risk metrics implementation

**Model Enhancements:**
- VaR model improvements
- Stress testing methodology updates
- Risk factor model refinements
- Technology and infrastructure upgrades

**RESULT:** Ensure your market risk assessment provides:

**Quantitative Rigor:**
- Robust VaR calculations and validation
- Comprehensive stress testing and scenario analysis
- Statistical significance and confidence intervals
- Model limitations and uncertainty quantification

**Risk Management Insights:**
- Clear risk profile identification and quantification
- Actionable hedging and mitigation recommendations
- Risk-return optimization opportunities
- Regulatory compliance and capital efficiency

**Operational Excellence:**
- Real-time monitoring and alert systems
- Clear escalation and governance procedures
- Comprehensive documentation and audit trails
- Continuous model validation and improvement

Conduct comprehensive due diligence for {investment_target} {transaction_type} within {timeline}:

**SITUATION:** You are leading due diligence for {investment_target} {transaction_type} to evaluate investment attractiveness, identify risks, and support decision-making within {due_diligence_scope}.

**TASK:** Develop thorough due diligence assessment covering financial, operational, legal, and strategic analysis to support informed investment decisions and transaction structuring.

**ACTION:** Structure your due diligence using proven investment analysis methodologies:

**EXECUTIVE SUMMARY** (2-3 pages)
- **Investment Thesis:** Core value proposition and strategic rationale
- **Key Findings:** Critical discoveries and implications
- **Risk Assessment:** Major risks and mitigation strategies
- **Valuation Summary:** Fair value range and pricing recommendations
- **Investment Recommendation:** Go/No-Go decision with conditions

**SECTION 1: TRANSACTION OVERVIEW** (1-2 pages)

**Transaction Structure:**
- Transaction type: {transaction_type}
- Investment amount: ${investment_amount}
- Ownership percentage: {ownership_percentage}%
- Transaction timeline: {timeline}
- Key stakeholders and advisors

**Due Diligence Scope:**
- {due_diligence_scope} coverage areas
- Information sources and data room access
- Management presentation and Q&A sessions
- Site visits and operational assessments
- Third-party expert consultations

**SECTION 2: BUSINESS & STRATEGIC ANALYSIS** (4-5 pages)

**Business Model Assessment:**
- Revenue streams and monetization
- Value proposition and competitive positioning
- Customer base and market dynamics
- Operational model and scalability

**Market Analysis:**
- Total addressable market (TAM): ${tam_size}
- Market growth rate: {market_growth}% CAGR
- Competitive landscape and positioning
- Market share and growth potential

**Management Team Evaluation:**
- Leadership experience and track record
- Industry expertise and relationships
- Execution capability and vision
- Retention and incentive alignment

**SECTION 3: FINANCIAL DUE DILIGENCE** (5-6 pages)

**Historical Financial Performance:**
- Revenue growth analysis (5-year trend)
- Profitability metrics and margins
- Cash flow generation and quality
- Working capital management

**Quality of Earnings Analysis:**
- Revenue recognition policies and practices
- One-time items and adjustments
- Related party transactions
- Accounting policy consistency

**Financial Projections Validation:**
- Management forecast assumptions
- Sensitivity analysis and scenarios
- Peer comparison and benchmarking
- Independent projection development

**SECTION 4: RISK ASSESSMENT** (3-4 pages)

**Business Risks:**
- Market and competitive risks
- Customer concentration and retention
- Technology disruption and obsolescence
- Regulatory and compliance risks

**Financial Risks:**
- Credit and counterparty risks
- Liquidity and funding risks
- Foreign exchange and interest rate exposure
- Working capital and cash flow volatility

**SECTION 5: VALUATION ANALYSIS** (3-4 pages)

**Valuation Methodologies:**
- Discounted cash flow (DCF) analysis
- Comparable company analysis
- Precedent transaction analysis
- Asset-based valuation approach

**Valuation Summary:**
- **Fair Value Range:** ${fair_value_low} - ${fair_value_high}
- **Recommended Valuation:** ${recommended_value}
- **Implied Multiple:** {implied_multiple}x EBITDA

**SECTION 6: RECOMMENDATIONS** (1-2 pages)

**Investment Decision:** {investment_decision} (Proceed/Conditional/Decline)

**Recommended Terms:**
- Valuation: ${recommended_valuation}
- Structure: {transaction_structure}
- Conditions: {key_conditions}
- Timeline: {closing_timeline}

**RESULT:** Ensure your due diligence provides:

**Comprehensive Analysis:**
- Thorough business, financial, and operational assessment
- Multi-source information validation and verification
- Risk identification and mitigation strategies
- Integration planning and execution roadmap

**Investment Insights:**
- Clear investment thesis and value creation plan
- Realistic valuation and pricing recommendations
- Actionable integration and improvement opportunities
- Risk-adjusted return expectations and scenarios

Conduct operational risk assessment for {business_unit} covering {risk_categories} within {assessment_scope}:

**SITUATION:** You are evaluating operational risks for {business_unit} to identify vulnerabilities, assess control effectiveness, and develop mitigation strategies within {control_environment}.

**TASK:** Develop comprehensive operational risk assessment using risk identification, control evaluation, and mitigation planning to enhance operational resilience and regulatory compliance.

**ACTION:** Structure your assessment using proven operational risk methodologies:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Risk Profile Overview:** Current operational risk exposure and key vulnerabilities
- **Critical Risk Areas:** High-priority risks requiring immediate attention
- **Control Assessment:** Overall control environment effectiveness
- **Key Recommendations:** Priority actions for risk mitigation and control enhancement
- **Resource Requirements:** Investment needed for risk reduction initiatives

**SECTION 1: OPERATIONAL RISK FRAMEWORK** (2 pages)

**Risk Categories:**
- **People Risk:** Human error, fraud, key person dependency
- **Process Risk:** Process failures, inadequate procedures, workflow disruptions
- **Technology Risk:** System failures, cybersecurity, data integrity
- **External Risk:** Vendor failures, natural disasters, regulatory changes

**Assessment Methodology:**
- Risk identification and cataloging
- Inherent risk assessment (impact × likelihood)
- Control effectiveness evaluation
- Residual risk calculation
- Risk appetite and tolerance comparison

**Regulatory Requirements:**
- Basel III operational risk framework
- Industry-specific regulations
- Internal governance standards
- Best practice benchmarks

**SECTION 2: RISK IDENTIFICATION & ASSESSMENT** (4-5 pages)

**People Risks:**

**Human Error:**
- Transaction processing errors
- Data entry and calculation mistakes
- Procedural non-compliance
- Training and competency gaps

**Fraud and Misconduct:**
- Internal fraud and theft
- Unauthorized trading or transactions
- Conflicts of interest
- Regulatory violations

**Key Person Risk:**
- Critical role dependencies
- Succession planning gaps
- Knowledge concentration
- Retention challenges

**Process Risks:**

**Process Failures:**
- Inadequate process design
- Manual process dependencies
- Workflow bottlenecks and delays
- Quality control breakdowns

**Documentation and Procedures:**
- Outdated or incomplete procedures
- Inadequate documentation standards
- Version control and maintenance
- Training and communication gaps

**Business Continuity:**
- Disaster recovery planning
- Alternative site capabilities
- Vendor and supplier dependencies
- Crisis management procedures

**Technology Risks:**

**System Failures:**
- Hardware and software failures
- Network and connectivity issues
- Data center and infrastructure risks
- System integration challenges

**Cybersecurity:**
- Data breaches and cyber attacks
- Malware and ransomware threats
- Unauthorized access and privilege escalation
- Third-party security vulnerabilities

**Data Management:**
- Data quality and integrity issues
- Backup and recovery failures
- Data privacy and protection
- Regulatory reporting accuracy

**External Risks:**

**Vendor and Third-Party:**
- Service provider failures
- Vendor financial distress
- Contract and SLA breaches
- Outsourcing and offshoring risks

**Environmental and Physical:**
- Natural disasters and weather events
- Physical security breaches
- Workplace safety incidents
- Infrastructure failures

**SECTION 3: RISK ASSESSMENT MATRIX** (2-3 pages)

**Risk Register:**
| Risk ID | Risk Description | Category | Impact | Likelihood | Inherent Risk | Controls | Residual Risk |
|---------|------------------|----------|--------|------------|---------------|----------|---------------|
| OR-001 | {risk_description_1} | {category_1} | {impact_1} | {likelihood_1} | {inherent_1} | {controls_1} | {residual_1} |
| OR-002 | {risk_description_2} | {category_2} | {impact_2} | {likelihood_2} | {inherent_2} | {controls_2} | {residual_2} |

**Risk Scoring Methodology:**
- **Impact Scale:** 1 (Minimal) to 5 (Catastrophic)
- **Likelihood Scale:** 1 (Rare) to 5 (Almost Certain)
- **Risk Score:** Impact × Likelihood
- **Risk Tolerance:** Acceptable risk thresholds

**Risk Heat Map:**
```
           Low    Medium   High    Very High
High       |      |       |       X
Medium     |      X       X       |
Low        X      |       |       |
           Rare   Unlikely Possible Likely
```

**SECTION 4: CONTROL ENVIRONMENT ASSESSMENT** (3-4 pages)

**Control Categories:**

**Preventive Controls:**
- Authorization and approval limits
- Segregation of duties
- Access controls and permissions
- Training and competency requirements

**Detective Controls:**
- Monitoring and surveillance systems
- Exception reporting and alerts
- Reconciliation and verification procedures
- Internal audit and review processes

**Corrective Controls:**
- Incident response procedures
- Error correction and remediation
- Business continuity and recovery plans
- Escalation and communication protocols

**Control Effectiveness Assessment:**
| Control ID | Control Description | Type | Design Effectiveness | Operating Effectiveness | Overall Rating |
|------------|-------------------|------|---------------------|------------------------|----------------|
| C-001 | {control_description_1} | {type_1} | {design_1} | {operating_1} | {rating_1} |
| C-002 | {control_description_2} | {type_2} | {design_2} | {operating_2} | {rating_2} |

**Control Gaps and Deficiencies:**
- Missing or inadequate controls
- Control design weaknesses
- Operating effectiveness issues
- Monitoring and testing gaps

**SECTION 5: BUSINESS IMPACT ANALYSIS** (2-3 pages)

**Financial Impact Assessment:**
- Direct financial losses and costs
- Revenue disruption and opportunity costs
- Regulatory fines and penalties
- Reputation and brand damage costs

**Operational Impact:**
- Service disruption duration and scope
- Customer impact and satisfaction
- Employee productivity and morale
- Vendor and partner relationships

**Recovery Time Objectives:**
- Critical process recovery targets
- Maximum tolerable downtime
- Recovery point objectives
- Business continuity requirements

**Scenario Analysis:**
**Severe Operational Disruption:**
- Estimated financial impact: ${severe_impact}
- Recovery time: {severe_recovery_time}
- Customer impact: {severe_customer_impact}
- Regulatory implications: {severe_regulatory}

**SECTION 6: MITIGATION STRATEGIES** (3-4 pages)

**Risk Treatment Options:**
- **Accept:** Risks within tolerance levels
- **Avoid:** Eliminate risk-generating activities
- **Mitigate:** Reduce impact or likelihood
- **Transfer:** Insurance or outsourcing

**Priority Mitigation Actions:**

**High Priority (0-6 months):**
- {high_priority_action_1}
- {high_priority_action_2}
- {high_priority_action_3}

**Medium Priority (6-18 months):**
- {medium_priority_action_1}
- {medium_priority_action_2}
- {medium_priority_action_3}

**Long-term (18+ months):**
- {long_term_action_1}
- {long_term_action_2}
- {long_term_action_3}

**Investment Requirements:**
- Technology and system upgrades: ${technology_investment}
- Process improvement initiatives: ${process_investment}
- Training and development: ${training_investment}
- Insurance and risk transfer: ${insurance_investment}

**SECTION 7: MONITORING & REPORTING** (2 pages)

**Key Risk Indicators (KRIs):**
- Process failure rates and frequencies
- System downtime and availability metrics
- Error rates and quality measures
- Incident response times and effectiveness

**Monitoring Framework:**
- Real-time monitoring and alerting
- Periodic risk assessments and updates
- Control testing and validation
- Management reporting and escalation

**Reporting Structure:**
- Monthly operational risk dashboard
- Quarterly risk committee reporting
- Annual comprehensive risk assessment
- Incident reporting and analysis

**SECTION 8: RECOMMENDATIONS** (1-2 pages)

**Strategic Recommendations:**
- Operational risk governance enhancement
- Technology and automation investments
- Process standardization and improvement
- Training and capability development

**Immediate Actions:**
- Critical control gap remediation
- High-risk process improvements
- Emergency response plan updates
- Staff training and awareness programs

**Success Metrics:**
- Risk incident reduction targets
- Control effectiveness improvements
- Business continuity testing results
- Regulatory compliance achievements

**RESULT:** Ensure your operational risk assessment provides:

**Comprehensive Coverage:**
- Complete risk identification across all categories
- Thorough control environment evaluation
- Business impact quantification and analysis
- Practical mitigation strategies and action plans

**Risk Management Excellence:**
- Risk-based prioritization and resource allocation
- Continuous monitoring and improvement framework
- Regulatory compliance and best practice alignment
- Stakeholder communication and engagement

**Operational Resilience:**
- Business continuity and disaster recovery planning
- Crisis management and incident response capabilities
- Vendor and third-party risk management
- Technology and cybersecurity risk mitigation

Conduct comprehensive regulatory compliance assessment for {regulatory_framework} in {compliance_area}:

**SITUATION:** You are evaluating compliance with {regulatory_framework} across {assessment_scope} to ensure regulatory adherence and identify areas requiring remediation.

**TASK:** Develop thorough compliance assessment using regulatory requirements, industry best practices, and risk-based methodologies to ensure full regulatory compliance.

**ACTION:** Structure your assessment using proven compliance frameworks:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Compliance Status:** Overall compliance rating and key findings
- **Critical Issues:** High-priority gaps requiring immediate attention
- **Remediation Timeline:** {remediation_timeline} implementation plan
- **Resource Requirements:** Personnel, technology, and budget needs
- **Regulatory Risk Assessment:** Potential penalties and enforcement actions

**SECTION 1: REGULATORY LANDSCAPE ANALYSIS** (2-3 pages)

**Applicable Regulations:**
- Primary regulatory framework: {regulatory_framework}
- Secondary regulations and guidance
- Industry-specific requirements
- Cross-jurisdictional considerations

**Regulatory Changes and Updates:**
- Recent regulatory amendments and interpretations
- Proposed rules and comment periods
- Implementation timelines and effective dates
- Impact assessment on current operations

**Enforcement Trends:**
- Recent enforcement actions and penalties
- Regulatory examination focus areas
- Industry-wide compliance issues
- Best practice developments

**SECTION 2: CURRENT STATE ASSESSMENT** (3-4 pages)

**Governance Structure:**
- Board oversight and committee structure
- Management accountability and reporting lines
- Compliance function organization and resources
- Three lines of defense implementation

**Policy and Procedure Review:**
- Policy completeness and currency
- Procedure adequacy and clarity
- Approval and update processes
- Communication and training effectiveness

**Control Environment Assessment:**
- Control design and operating effectiveness
- Monitoring and testing procedures
- Issue identification and escalation
- Management information and reporting

**Technology and Systems:**
- Regulatory reporting systems and capabilities
- Data quality and integrity controls
- Automated compliance monitoring tools
- Cybersecurity and data protection measures

**SECTION 3: GAP ANALYSIS** (2-3 pages)

**Compliance Gaps Identified:**

**High Priority Gaps:**
- Regulatory requirement violations
- Control deficiencies with material impact
- Policy and procedure inadequacies
- System and technology limitations

**Medium Priority Gaps:**
- Process inefficiencies and improvements
- Documentation and record-keeping issues
- Training and awareness deficiencies
- Monitoring and reporting enhancements

**Low Priority Gaps:**
- Best practice opportunities
- Efficiency improvements
- Technology upgrades and automation
- Industry benchmarking considerations

**Gap Analysis Matrix:**
| Requirement | Current State | Gap | Priority | Impact | Effort |
|-------------|---------------|-----|----------|--------|--------|
| {requirement_1} | {current_1} | {gap_1} | High | High | Medium |
| {requirement_2} | {current_2} | {gap_2} | Medium | Medium | Low |

**SECTION 4: RISK ASSESSMENT** (2-3 pages)

**Regulatory Risk Evaluation:**
- Probability of regulatory examination
- Potential enforcement actions and penalties
- Reputational risk and market impact
- Business disruption and operational risk

**Risk Prioritization:**
- Risk severity and likelihood assessment
- Regulatory focus areas and hot topics
- Industry peer comparison and benchmarking
- Cost-benefit analysis of remediation

**Risk Mitigation Strategies:**
- Immediate risk reduction measures
- Long-term compliance enhancement
- Contingency planning and crisis management
- Stakeholder communication and engagement

**SECTION 5: REMEDIATION PLAN** (3-4 pages)

**Implementation Roadmap:**

**Phase 1: Immediate Actions** (0-3 months)
- Critical gap remediation
- Emergency policy updates
- Staff training and communication
- Regulatory notification (if required)

**Phase 2: Core Implementation** (3-12 months)
- Policy and procedure development
- System enhancements and implementations
- Control design and testing
- Training program rollout

**Phase 3: Optimization** (12-18 months)
- Process automation and efficiency
- Advanced monitoring and analytics
- Continuous improvement programs
- Industry best practice adoption

**Resource Requirements:**
- Project team structure and roles
- External consultant and vendor support
- Technology and system investments
- Training and development costs

**Success Metrics and KPIs:**
- Compliance testing results
- Regulatory examination outcomes
- Issue identification and resolution times
- Cost reduction and efficiency gains

**SECTION 6: ONGOING MONITORING FRAMEWORK** (2 pages)

**Compliance Monitoring Program:**
- Risk-based monitoring approach
- Testing frequency and scope
- Performance metrics and thresholds
- Escalation and reporting procedures

**Management Information:**
- Compliance dashboard and reporting
- Key risk indicators (KRIs)
- Trend analysis and benchmarking
- Board and committee reporting

**Continuous Improvement:**
- Regular assessment and updates
- Regulatory change management
- Industry best practice monitoring
- Technology and automation opportunities

**SECTION 7: RECOMMENDATIONS** (1-2 pages)

**Strategic Recommendations:**
- Governance and organizational changes
- Policy and procedure enhancements
- Technology and system investments
- Training and development programs

**Tactical Recommendations:**
- Immediate remediation actions
- Process improvements and efficiencies
- Monitoring and reporting enhancements
- Vendor and third-party management

**Implementation Priorities:**
1. **Critical (0-3 months):** {critical_actions}
2. **High (3-6 months):** {high_priority_actions}
3. **Medium (6-12 months):** {medium_priority_actions}
4. **Low (12+ months):** {low_priority_actions}

**Budget and Resource Allocation:**
- Total implementation cost: ${total_cost}
- Annual ongoing costs: ${annual_cost}
- Resource allocation by priority
- Return on investment analysis

**RESULT:** Ensure your compliance assessment provides:

**Regulatory Adherence:**
- Comprehensive regulatory requirement coverage
- Current and emerging compliance obligations
- Cross-jurisdictional and industry-specific considerations
- Enforcement trend analysis and implications

**Risk-Based Approach:**
- Prioritized gap identification and remediation
- Risk assessment and mitigation strategies
- Cost-benefit analysis and resource optimization
- Continuous monitoring and improvement framework

**Implementation Readiness:**
- Detailed remediation plan and timeline
- Resource requirements and budget allocation
- Success metrics and performance monitoring
- Change management and stakeholder engagement

Conduct comprehensive market research for {market_sector} with {research_scope} focus:

**SITUATION:** You are analyzing {market_sector} to identify investment opportunities and provide strategic insights for {investment_objective} over {time_horizon}.

**TASK:** Develop thorough market research using industry analysis, competitive assessment, and trend identification to support investment decisions and strategic planning.

**ACTION:** Structure your research using proven market analysis frameworks:

**EXECUTIVE SUMMARY** (1-2 pages)
- **Market Overview:** Size, growth, and key characteristics
- **Investment Thesis:** Primary opportunities and rationale
- **Key Findings:** Critical insights and implications
- **Recommendations:** Strategic actions and investment priorities
- **Risk Assessment:** Major risks and mitigation strategies

**SECTION 1: MARKET OVERVIEW** (2-3 pages)

**Market Size and Growth:**
- Total addressable market (TAM): ${tam_size}
- Serviceable addressable market (SAM): ${sam_size}
- Historical growth rates (5-year CAGR): {historical_cagr}%
- Projected growth rates (5-year forward): {projected_cagr}%

**Market Segmentation:**
- Primary market segments and characteristics
- Segment size and growth dynamics
- Customer demographics and behavior
- Geographic distribution and regional variations

**Value Chain Analysis:**
- Key participants and their roles
- Value creation and capture mechanisms
- Margin distribution across the chain
- Integration opportunities and threats

**Market Dynamics:**
- Supply and demand fundamentals
- Pricing trends and elasticity
- Seasonal and cyclical patterns
- Regulatory and policy influences

**SECTION 2: COMPETITIVE LANDSCAPE** (3-4 pages)

**Industry Structure:**
- Market concentration and fragmentation
- Barriers to entry and exit
- Competitive intensity assessment
- Industry life cycle stage

**Key Players Analysis:**
| Company | Market Share | Revenue | Growth Rate | Key Strengths |
|---------|--------------|---------|-------------|---------------|
| {company_1} | {share_1}% | ${revenue_1} | {growth_1}% | {strengths_1} |
| {company_2} | {share_2}% | ${revenue_2} | {growth_2}% | {strengths_2} |

**Competitive Positioning:**
- Market leaders and their strategies
- Emerging players and disruptors
- Competitive advantages and moats
- Strategic partnerships and alliances

**Porter's Five Forces Analysis:**
- **Threat of New Entrants:** {threat_new_entrants}
- **Bargaining Power of Suppliers:** {supplier_power}
- **Bargaining Power of Buyers:** {buyer_power}
- **Threat of Substitutes:** {substitute_threat}
- **Competitive Rivalry:** {competitive_rivalry}

**SECTION 3: TREND ANALYSIS** (2-3 pages)

**Technology Trends:**
- Emerging technologies and innovations
- Digital transformation impact
- Automation and AI adoption
- Technology adoption curves

**Consumer Trends:**
- Changing preferences and behaviors
- Demographic shifts and implications
- Sustainability and ESG considerations
- Digital engagement and expectations

**Regulatory Trends:**
- Current regulatory environment
- Proposed changes and implications
- Compliance costs and requirements
- Policy support and incentives

**Economic Trends:**
- Macroeconomic factors and impact
- Interest rate sensitivity
- Currency and commodity exposure
- Economic cycle considerations

**SECTION 4: INVESTMENT OPPORTUNITIES** (3-4 pages)

**Growth Opportunities:**
- Market expansion potential
- New product/service development
- Geographic expansion opportunities
- M&A and consolidation potential

**Value Creation Themes:**
- Operational efficiency improvements
- Technology-enabled transformation
- Market share consolidation
- Pricing power enhancement

**Investment Attractiveness:**
- Return potential and risk profile
- Investment timeline and liquidity
- Capital requirements and structure
- Exit strategy considerations

**Sector Allocation Recommendations:**
- Overweight/Underweight recommendations
- Preferred investment vehicles
- Risk-adjusted return expectations
- Portfolio diversification benefits

**SECTION 5: RISK ASSESSMENT** (2-3 pages)

**Market Risks:**
- Economic sensitivity and cyclicality
- Regulatory and policy risks
- Technology disruption threats
- Competitive intensity escalation

**Operational Risks:**
- Supply chain vulnerabilities
- Key person and talent risks
- Operational scalability challenges
- Quality and safety considerations

**Financial Risks:**
- Capital intensity requirements
- Cash flow volatility
- Funding and liquidity risks
- Currency and commodity exposure

**ESG Risks:**
- Environmental compliance and sustainability
- Social responsibility and stakeholder relations
- Governance quality and transparency
- Reputational and brand risks

**SECTION 6: FINANCIAL ANALYSIS** (2-3 pages)

**Industry Financial Metrics:**
- Revenue growth and profitability trends
- Margin analysis and benchmarking
- Return on capital metrics
- Cash flow generation patterns

**Valuation Analysis:**
- Industry valuation multiples
- Historical trading ranges
- Peer comparison analysis
- Valuation premium/discount factors

**Financial Projections:**
- Revenue growth forecasts
- Margin expansion/compression expectations
- Capital expenditure requirements
- Free cash flow projections

**SECTION 7: RECOMMENDATIONS** (1-2 pages)

**Investment Strategy:**
- Sector allocation recommendations
- Preferred investment approach
- Risk management considerations
- Performance monitoring framework

**Key Investment Themes:**
1. **Primary Theme:** {primary_theme} - {theme_rationale}
2. **Secondary Theme:** {secondary_theme} - {theme_rationale}
3. **Emerging Theme:** {emerging_theme} - {theme_rationale}

**Action Items:**
- Immediate investment opportunities
- Companies/assets to monitor
- Research priorities and follow-up
- Stakeholder communication plan

**Success Metrics:**
- Performance benchmarks and targets
- Key performance indicators (KPIs)
- Risk metrics and thresholds
- Review and rebalancing triggers

**RESULT:** Ensure your market research provides:

**Comprehensive Analysis:**
- Thorough market and competitive assessment
- Multiple data sources and validation
- Forward-looking trend identification
- Risk-adjusted opportunity evaluation

**Investment Insights:**
- Clear investment thesis and rationale
- Quantified opportunity assessment
- Risk-return profile analysis
- Strategic implementation guidance

**Professional Standards:**
- Objective and unbiased analysis
- Transparent methodology and assumptions
- Comprehensive documentation and sources
- Regular updates and monitoring framework

Conduct ESG risk assessment for {company_sector} using {esg_framework} with focus on {materiality_assessment}:

**SITUATION:** You are evaluating ESG risks and opportunities for {company_sector} to assess sustainability performance, identify material issues, and develop improvement strategies for {stakeholder_groups}.

**TASK:** Develop comprehensive ESG assessment using established frameworks, materiality analysis, and stakeholder engagement to support sustainable business practices and reporting.

**ACTION:** Structure your assessment using proven ESG evaluation methodologies:

**EXECUTIVE SUMMARY** (1-2 pages)
- **ESG Risk Profile:** Overall ESG rating and key risk areas
- **Material Issues:** Priority ESG factors and stakeholder concerns
- **Performance Gaps:** Areas requiring immediate attention and improvement
- **Strategic Recommendations:** ESG integration and enhancement opportunities
- **Reporting Framework:** Recommended disclosure and communication approach

**SECTION 1: ESG FRAMEWORK & METHODOLOGY** (2 pages)

**ESG Framework Selection:**
- Primary framework: {esg_framework}
- Supporting standards: GRI, SASB, TCFD, UN Global Compact
- Industry-specific guidelines and best practices
- Regional regulatory requirements and expectations

**Materiality Assessment Approach:**
- Stakeholder identification and engagement
- ESG issue prioritization matrix
- Business impact and stakeholder concern analysis
- Double materiality considerations (impact and financial)

**Data Collection & Verification:**
- Internal data sources and systems
- Third-party ESG data providers
- Stakeholder surveys and feedback
- External verification and assurance processes

**SECTION 2: ENVIRONMENTAL RISK ASSESSMENT** (3-4 pages)

**Climate Change & Carbon Management:**
- Greenhouse gas emissions (Scope 1, 2, 3)
- Carbon footprint and intensity metrics
- Climate transition risks and opportunities
- Net-zero commitments and pathways

**Environmental Impact Assessment:**
- Water usage and management
- Waste generation and circular economy
- Biodiversity and ecosystem impact
- Pollution and environmental compliance

**Climate Risk Analysis:**
**Physical Risks:**
- Acute risks: Extreme weather events, natural disasters
- Chronic risks: Temperature changes, sea level rise
- Geographic exposure and vulnerability assessment
- Business continuity and operational resilience

**Transition Risks:**
- Policy and regulatory changes
- Technology disruption and innovation
- Market shifts and consumer preferences
- Reputational risks and stakeholder pressure

**Climate Scenario Analysis:**
- 1.5°C warming scenario impact
- 2°C warming scenario assessment
- 4°C warming scenario implications
- Business model resilience and adaptation

**Environmental Performance Metrics:**
| Metric | Current Performance | Industry Benchmark | Target |
|--------|-------------------|-------------------|--------|
| Carbon Intensity | {carbon_intensity} | {industry_carbon} | {carbon_target} |
| Water Intensity | {water_intensity} | {industry_water} | {water_target} |
| Waste Diversion | {waste_diversion}% | {industry_waste}% | {waste_target}% |
| Renewable Energy | {renewable_pct}% | {industry_renewable}% | {renewable_target}% |

**SECTION 3: SOCIAL RISK ASSESSMENT** (3-4 pages)

**Human Capital Management:**
- Employee engagement and satisfaction
- Diversity, equity, and inclusion (DEI)
- Training and development programs
- Health and safety performance

**Labor Practices & Human Rights:**
- Supply chain labor standards
- Human rights due diligence
- Community impact and engagement
- Indigenous rights and land use

**Product & Service Responsibility:**
- Product safety and quality
- Customer privacy and data protection
- Responsible marketing and advertising
- Access and affordability considerations

**Social Performance Metrics:**
- Employee turnover rate: {turnover_rate}%
- Gender diversity (leadership): {gender_diversity}%
- Lost time injury rate: {ltir_rate}
- Community investment: ${community_investment}

**Stakeholder Engagement:**
- {stakeholder_groups} identification and mapping
- Engagement frequency and methods
- Feedback integration and response
- Grievance mechanisms and resolution

**SECTION 4: GOVERNANCE RISK ASSESSMENT** (2-3 pages)

**Board Governance & Oversight:**
- Board composition and independence
- ESG oversight and accountability
- Executive compensation alignment
- Risk management and internal controls

**Business Ethics & Compliance:**
- Code of conduct and ethics policies
- Anti-corruption and bribery measures
- Whistleblower protection and reporting
- Regulatory compliance and violations

**Transparency & Disclosure:**
- ESG reporting quality and completeness
- Stakeholder communication effectiveness
- Data accuracy and verification
- Third-party assurance and validation

**Governance Performance Metrics:**
- Board independence: {board_independence}%
- ESG-linked compensation: {esg_compensation}%
- Ethics training completion: {ethics_training}%
- Compliance violations: {compliance_violations}

**SECTION 5: ESG RISK SCORING & PRIORITIZATION** (2-3 pages)

**Risk Assessment Matrix:**
| ESG Factor | Impact Level | Likelihood | Risk Score | Priority |
|------------|-------------|------------|------------|----------|
| Climate Transition | {climate_impact} | {climate_likelihood} | {climate_score} | {climate_priority} |
| Water Scarcity | {water_impact} | {water_likelihood} | {water_score} | {water_priority} |
| Labor Practices | {labor_impact} | {labor_likelihood} | {labor_score} | {labor_priority} |
| Data Privacy | {privacy_impact} | {privacy_likelihood} | {privacy_score} | {privacy_priority} |

**Overall ESG Rating:**
- Environmental Score: {env_score}/100
- Social Score: {social_score}/100
- Governance Score: {governance_score}/100
- **Composite ESG Score:** {composite_score}/100

**Peer Comparison:**
- Industry ESG rating: {industry_rating}/100
- Best-in-class benchmark: {best_class_rating}/100
- Relative performance ranking: {ranking_position}

**SECTION 6: FINANCIAL IMPACT ANALYSIS** (2-3 pages)

**ESG-Related Financial Risks:**
- Regulatory fines and penalties exposure
- Carbon pricing and tax implications
- Stranded asset risks and write-downs
- Insurance and financing cost impacts

**ESG-Related Opportunities:**
- Revenue growth from sustainable products
- Cost savings from efficiency improvements
- Access to ESG-focused capital and financing
- Brand value and customer loyalty enhancement

**Financial Quantification:**
- Estimated annual ESG-related costs: ${esg_costs}
- Potential ESG opportunity value: ${esg_opportunities}
- Net ESG financial impact: ${net_esg_impact}
- Return on ESG investment: {esg_roi}%

**SECTION 7: IMPROVEMENT ROADMAP** (2-3 pages)

**Priority Action Areas:**
**High Priority (0-12 months):**
- {high_priority_action_1}
- {high_priority_action_2}
- {high_priority_action_3}

**Medium Priority (1-3 years):**
- {medium_priority_action_1}
- {medium_priority_action_2}
- {medium_priority_action_3}

**Long-term (3+ years):**
- {long_term_action_1}
- {long_term_action_2}
- {long_term_action_3}

**Implementation Framework:**
- Governance structure and accountability
- Resource allocation and budgeting
- Timeline and milestone tracking
- Performance monitoring and reporting

**Target Setting:**
- Science-based targets (SBTs) development
- UN Sustainable Development Goals alignment
- Industry-specific benchmarks and goals
- Stakeholder expectation management

**SECTION 8: REPORTING & DISCLOSURE** (1-2 pages)

**ESG Reporting Framework:**
- Annual sustainability report structure
- Integrated reporting approach
- Regulatory filing requirements
- Stakeholder communication strategy

**Key Performance Indicators:**
- Environmental KPIs and targets
- Social impact metrics and goals
- Governance effectiveness measures
- ESG integration and progress tracking

**External Verification:**
- Third-party assurance requirements
- ESG rating agency engagement
- Certification and standard compliance
- Stakeholder feedback integration

**SECTION 9: RECOMMENDATIONS** (1 page)

**Strategic ESG Integration:**
- Board-level ESG oversight enhancement
- Executive compensation ESG linkage
- Business strategy ESG integration
- Risk management framework updates

**Operational Improvements:**
- Environmental management system upgrades
- Social impact measurement and management
- Governance process enhancements
- Stakeholder engagement optimization

**Reporting & Communication:**
- ESG disclosure quality improvement
- Stakeholder communication enhancement
- ESG rating and ranking optimization
- Transparency and accountability measures

**Investment Requirements:**
- ESG technology and system investments
- Training and capability development
- External advisory and consulting support
- Monitoring and measurement infrastructure

**RESULT:** Ensure your ESG risk assessment provides:

**Comprehensive Coverage:**
- Material ESG factor identification and analysis
- Stakeholder perspective integration
- Industry-specific considerations and benchmarking
- Forward-looking risk and opportunity assessment

**Strategic Integration:**
- Business strategy and ESG alignment
- Financial impact quantification and analysis
- Risk management and mitigation strategies
- Performance measurement and monitoring framework

**Stakeholder Value:**
- Clear communication and transparency
- Actionable improvement recommendations
- Regulatory compliance and best practice alignment
- Sustainable value creation and competitive advantage

Analyze {sector_name} sector over {analysis_timeframe} with {geographic_scope} focus for {investment_focus}:

**SITUATION:** You are conducting comprehensive sector analysis for {sector_name} to identify investment opportunities, assess industry dynamics, and provide strategic insights for {investment_focus} over {analysis_timeframe}.

**TASK:** Develop thorough sector analysis using industry research, competitive assessment, and trend analysis to support investment decisions and portfolio allocation strategies.

**ACTION:** Structure your sector analysis using proven industry analysis methodologies:

**EXECUTIVE SUMMARY** (2 pages)
- **Sector Overview:** Current state and key characteristics
- **Investment Thesis:** Primary opportunities and strategic rationale
- **Key Trends:** Critical drivers and industry dynamics
- **Competitive Landscape:** Market structure and key players
- **Investment Recommendation:** Overweight/Neutral/Underweight with rationale

**SECTION 1: SECTOR OVERVIEW** (2-3 pages)

**Industry Definition and Scope:**
- Sector classification and sub-segments
- Primary products and services
- Value chain and business models
- Geographic presence and markets

**Market Size and Structure:**
- Total addressable market: ${sector_tam}
- Market capitalization: ${sector_market_cap}
- Number of public companies: {public_companies_count}
- Market concentration and fragmentation

**Historical Performance:**
| Metric | 1 Year | 3 Years | 5 Years | 10 Years |
|--------|--------|---------|---------|----------|
| Sector Return | {sector_1y}% | {sector_3y}% | {sector_5y}% | {sector_10y}% |
| Market Return | {market_1y}% | {market_3y}% | {market_5y}% | {market_10y}% |
| Relative Performance | {relative_1y}% | {relative_3y}% | {relative_5y}% | {relative_10y}% |

**Sector Characteristics:**
- Cyclical vs. defensive nature
- Capital intensity and asset requirements
- Regulatory environment and oversight
- Technology adoption and innovation

**SECTION 2: INDUSTRY DYNAMICS** (3-4 pages)

**Growth Drivers:**
- **Demand Factors:** {demand_driver_1}, {demand_driver_2}, {demand_driver_3}
- **Supply Factors:** {supply_driver_1}, {supply_driver_2}, {supply_driver_3}
- **Technology Enablers:** {tech_driver_1}, {tech_driver_2}, {tech_driver_3}
- **Regulatory Support:** {regulatory_driver_1}, {regulatory_driver_2}

**Industry Life Cycle:**
- Current stage: {lifecycle_stage}
- Growth trajectory and maturity indicators
- Innovation cycles and disruption patterns
- Market saturation and consolidation trends

**Porter's Five Forces Analysis:**
**Threat of New Entrants:** {threat_new_entrants}
- Barriers to entry and capital requirements
- Regulatory hurdles and licensing
- Technology and expertise requirements
- Brand loyalty and customer switching costs

**Bargaining Power of Suppliers:** {supplier_power}
- Supplier concentration and alternatives
- Input cost volatility and availability
- Vertical integration opportunities
- Strategic partnerships and relationships

**Bargaining Power of Buyers:** {buyer_power}
- Customer concentration and size
- Price sensitivity and elasticity
- Switching costs and alternatives
- Direct vs. indirect sales channels

**Threat of Substitutes:** {substitute_threat}
- Alternative products and technologies
- Performance and cost comparisons
- Adoption rates and market penetration
- Innovation and development pipelines

**Competitive Rivalry:** {competitive_rivalry}
- Market share concentration
- Differentiation and commoditization
- Price competition and margins
- Capacity utilization and expansion

**SECTION 3: COMPETITIVE LANDSCAPE** (3-4 pages)

**Market Leaders:**
| Company | Market Cap | Revenue | Market Share | Key Strengths |
|---------|------------|---------|--------------|---------------|
| {leader_1} | ${leader_1_mcap} | ${leader_1_rev} | {leader_1_share}% | {leader_1_strengths} |
| {leader_2} | ${leader_2_mcap} | ${leader_2_rev} | {leader_2_share}% | {leader_2_strengths} |
| {leader_3} | ${leader_3_mcap} | ${leader_3_rev} | {leader_3_share}% | {leader_3_strengths} |

**Competitive Positioning:**
- Market share trends and dynamics
- Competitive advantages and moats
- Strategic initiatives and investments
- M&A activity and consolidation

**Emerging Players:**
- Disruptive technologies and business models
- New entrants and market challengers
- Innovation and R&D investments
- Venture capital and private equity activity

**SECTION 4: FINANCIAL ANALYSIS** (3-4 pages)

**Sector Financial Metrics:**
- Revenue growth: {sector_revenue_growth}% CAGR
- EBITDA margins: {sector_ebitda_margin}% average
- Return on equity: {sector_roe}% average
- Free cash flow yield: {sector_fcf_yield}%

**Profitability Trends:**
- Margin expansion/compression drivers
- Cost structure and operating leverage
- Pricing power and competitive dynamics
- Efficiency improvements and automation

**Capital Allocation:**
- Capital expenditure intensity: {capex_intensity}%
- R&D investment levels: {rd_intensity}%
- Dividend policies and yields
- Share repurchase and M&A activity

**Valuation Metrics:**
| Metric | Current | 5-Year Avg | Premium/Discount |
|--------|---------|------------|------------------|
| P/E Ratio | {current_pe} | {avg_pe} | {pe_premium}% |
| EV/EBITDA | {current_ev_ebitda} | {avg_ev_ebitda} | {ebitda_premium}% |
| P/B Ratio | {current_pb} | {avg_pb} | {pb_premium}% |
| Dividend Yield | {current_yield}% | {avg_yield}% | {yield_difference}% |

**SECTION 5: TRENDS AND CATALYSTS** (2-3 pages)

**Secular Trends:**
- **Demographic Changes:** {demographic_trend}
- **Technology Adoption:** {technology_trend}
- **Regulatory Evolution:** {regulatory_trend}
- **ESG and Sustainability:** {esg_trend}

**Cyclical Factors:**
- Economic sensitivity and correlation
- Interest rate and inflation impact
- Currency and commodity exposure
- Seasonal patterns and variations

**Investment Catalysts:**
**Near-term (6-12 months):**
- {catalyst_1}: {catalyst_description_1}
- {catalyst_2}: {catalyst_description_2}

**Medium-term (1-3 years):**
- {catalyst_3}: {catalyst_description_3}
- {catalyst_4}: {catalyst_description_4}

**Long-term (3+ years):**
- {catalyst_5}: {catalyst_description_5}
- {catalyst_6}: {catalyst_description_6}

**SECTION 6: ESG AND SUSTAINABILITY** (2 pages)

**Environmental Factors:**
- Climate change impact and adaptation
- Resource efficiency and circular economy
- Pollution and waste management
- Renewable energy transition

**Social Considerations:**
- Labor practices and human rights
- Product safety and quality
- Community impact and engagement
- Diversity and inclusion initiatives

**Governance Standards:**
- Board composition and oversight
- Executive compensation alignment
- Transparency and disclosure
- Stakeholder engagement

**ESG Investment Implications:**
- ESG rating trends and performance
- Sustainable investing flows and demand
- Regulatory requirements and compliance
- Risk mitigation and opportunity creation

**SECTION 7: RISK ASSESSMENT** (2-3 pages)

**Industry-Specific Risks:**
- Regulatory and policy changes
- Technology disruption and obsolescence
- Commodity price volatility
- Environmental and climate risks

**Market Risks:**
- Economic sensitivity and cyclicality
- Interest rate and currency exposure
- Liquidity and trading volume
- Correlation and diversification benefits

**Company-Specific Risks:**
- Execution and operational risks
- Financial leverage and credit quality
- Management and governance issues
- Competitive positioning challenges

**SECTION 8: INVESTMENT THEMES** (2-3 pages)

**Primary Investment Themes:**
**Theme 1: {investment_theme_1}**
- Investment rationale: {theme_1_rationale}
- Key beneficiaries: {theme_1_beneficiaries}
- Timeline and catalysts: {theme_1_timeline}
- Risk factors: {theme_1_risks}

**Theme 2: {investment_theme_2}**
- Investment rationale: {theme_2_rationale}
- Key beneficiaries: {theme_2_beneficiaries}
- Timeline and catalysts: {theme_2_timeline}
- Risk factors: {theme_2_risks}

**Theme 3: {investment_theme_3}**
- Investment rationale: {theme_3_rationale}
- Key beneficiaries: {theme_3_beneficiaries}
- Timeline and catalysts: {theme_3_timeline}
- Risk factors: {theme_3_risks}

**SECTION 9: RECOMMENDATIONS** (1-2 pages)

**Sector Allocation:** {sector_recommendation} (Overweight/Neutral/Underweight)

**Investment Strategy:**
- Recommended allocation: {recommended_allocation}%
- Investment approach: {investment_approach}
- Time horizon: {investment_horizon}
- Risk considerations: {risk_considerations}

**Top Stock Picks:**
1. **{top_pick_1}:** {pick_1_rationale}
2. **{top_pick_2}:** {pick_2_rationale}
3. **{top_pick_3}:** {pick_3_rationale}

**Key Monitoring Points:**
- Economic indicators and trends
- Regulatory developments and changes
- Technology adoption and innovation
- Competitive dynamics and market share

**RESULT:** Ensure your sector analysis provides:

**Industry Expertise:**
- Comprehensive industry knowledge and insights
- Competitive landscape understanding and analysis
- Technology and innovation trend identification
- Regulatory and policy impact assessment

**Investment Insights:**
- Clear investment themes and opportunities
- Risk-adjusted return expectations and scenarios
- Portfolio allocation recommendations and rationale
- Timing and catalyst-driven investment strategies

**Strategic Value:**
- Forward-looking trend analysis and implications
- ESG and sustainability integration and impact
- Cross-sector comparison and relative attractiveness
- Actionable investment recommendations and monitoring framework

Create investment proposal for {client_name} with {investment_objective} and {risk_profile} risk tolerance:

**SITUATION:** You are presenting investment recommendations to {client_name} to achieve {investment_objective} with ${investment_amount} investment and {risk_profile} risk profile.

**TASK:** Develop compelling investment proposal that clearly communicates value proposition, aligns with client objectives, and facilitates informed decision-making.

**ACTION:** Structure your proposal using client-focused communication frameworks:

**EXECUTIVE SUMMARY**
Dear {client_name},

Thank you for the opportunity to present our investment recommendations for your {investment_objective}. Based on our comprehensive analysis of your financial situation, objectives, and risk tolerance, we have developed a tailored investment strategy designed to help you achieve your goals.

**Key Highlights:**
- **Investment Amount:** ${investment_amount}
- **Investment Objective:** {investment_objective}
- **Time Horizon:** {time_horizon}
- **Expected Return:** {expected_return}% annually
- **Risk Level:** {risk_profile}

**SECTION 1: YOUR INVESTMENT OBJECTIVES**

**Primary Objectives:**
- {primary_objective_1}
- {primary_objective_2}
- {primary_objective_3}

**Financial Goals:**
- Target return: {target_return}% annually
- Time horizon: {time_horizon}
- Liquidity requirements: {liquidity_needs}
- Tax considerations: {tax_situation}

**Risk Profile Assessment:**
Based on our discussions and risk assessment questionnaire, your risk profile is {risk_profile}, which means:
- Comfort with market volatility: {volatility_tolerance}
- Maximum acceptable loss: {max_loss_tolerance}%
- Investment experience: {investment_experience}
- Emotional response to market downturns: {emotional_tolerance}

**SECTION 2: RECOMMENDED INVESTMENT STRATEGY**

**Strategic Asset Allocation:**
- **Equities:** {equity_allocation}% - Growth and capital appreciation
- **Fixed Income:** {bond_allocation}% - Stability and income generation
- **Alternatives:** {alternative_allocation}% - Diversification and enhanced returns
- **Cash/Liquidity:** {cash_allocation}% - Flexibility and opportunities

**Investment Rationale:**
This allocation is designed to:
- Achieve your target return of {target_return}% annually
- Manage risk within your {risk_profile} tolerance
- Provide diversification across asset classes and geographies
- Maintain appropriate liquidity for your needs

**Specific Investment Recommendations:**

**Equity Investments ({equity_allocation}%):**
- **Large Cap Growth:** {large_cap_allocation}% - {large_cap_rationale}
- **International Developed:** {intl_dev_allocation}% - {intl_dev_rationale}
- **Emerging Markets:** {em_allocation}% - {em_rationale}

**Fixed Income Investments ({bond_allocation}%):**
- **Government Bonds:** {govt_bond_allocation}% - {govt_bond_rationale}
- **Corporate Bonds:** {corp_bond_allocation}% - {corp_bond_rationale}
- **High Yield:** {hy_allocation}% - {hy_rationale}

**Alternative Investments ({alternative_allocation}%):**
- **Real Estate (REITs):** {reit_allocation}% - {reit_rationale}
- **Commodities:** {commodity_allocation}% - {commodity_rationale}

**SECTION 3: EXPECTED OUTCOMES**

**Performance Projections:**
Based on historical data and current market conditions, we project:

**Base Case Scenario (60% probability):**
- Annual return: {base_return}%
- 5-year cumulative return: {base_cumulative}%
- Portfolio value after 5 years: ${base_portfolio_value}

**Optimistic Scenario (20% probability):**
- Annual return: {optimistic_return}%
- 5-year cumulative return: {optimistic_cumulative}%
- Portfolio value after 5 years: ${optimistic_portfolio_value}

**Conservative Scenario (20% probability):**
- Annual return: {conservative_return}%
- 5-year cumulative return: {conservative_cumulative}%
- Portfolio value after 5 years: ${conservative_portfolio_value}

**Risk Metrics:**
- Expected volatility: {expected_volatility}%
- Maximum drawdown (95% confidence): {max_drawdown}%
- Sharpe ratio: {sharpe_ratio}
- Beta to market: {portfolio_beta}

**SECTION 4: RISK CONSIDERATIONS**

**Key Risks:**
- **Market Risk:** Portfolio value may fluctuate with market conditions
- **Interest Rate Risk:** Bond values may decline if interest rates rise
- **Currency Risk:** International investments subject to currency fluctuations
- **Liquidity Risk:** Some investments may be difficult to sell quickly

**Risk Mitigation Strategies:**
- Diversification across asset classes and geographies
- Regular portfolio rebalancing and monitoring
- Gradual implementation to reduce timing risk
- Stress testing under various market scenarios

**Suitability Confirmation:**
This investment strategy is suitable for you because:
- Aligns with your {investment_objective}
- Matches your {risk_profile} risk tolerance
- Considers your {time_horizon} investment horizon
- Addresses your liquidity needs and constraints

**SECTION 5: IMPLEMENTATION PLAN**

**Phase 1: Initial Investment (Month 1)**
- Establish core positions in recommended funds
- Implement 70% of target allocation
- Begin systematic investment plan if applicable

**Phase 2: Portfolio Completion (Months 2-3)**
- Complete remaining 30% of allocation
- Fine-tune sector and geographic exposures
- Establish rebalancing schedule

**Ongoing Management:**
- Quarterly performance reviews and reporting
- Semi-annual strategy discussions
- Annual comprehensive portfolio review
- Rebalancing as needed (typically quarterly)

**SECTION 6: FEES AND COSTS**

**Investment Management Fee:** {management_fee}% annually
**Underlying Fund Expenses:** {fund_expenses}% average
**Transaction Costs:** {transaction_costs}% (one-time)
**Total Annual Cost:** {total_annual_cost}%

**Fee Justification:**
Our fees are competitive and provide value through:
- Professional portfolio management and monitoring
- Access to institutional-quality investments
- Comprehensive financial planning services
- Ongoing advice and support

**SECTION 7: NEXT STEPS**

**Immediate Actions:**
1. Review and approve investment recommendations
2. Complete necessary account documentation
3. Fund investment accounts
4. Execute initial trades and allocations

**Timeline:**
- **Today:** Proposal review and discussion
- **Within 1 week:** Account setup and funding
- **Within 2 weeks:** Initial investment implementation
- **Month 1:** First performance review

**Your Investment Team:**
- **Lead Advisor:** {advisor_name} - {advisor_credentials}
- **Portfolio Manager:** {pm_name} - {pm_credentials}
- **Client Service:** {service_name} - {service_contact}

**Contact Information:**
- Phone: {phone_number}
- Email: {email_address}
- Office: {office_address}

**RESULT:** Ensure your client proposal provides:

**Clear Communication:**
- Jargon-free language and explanations
- Visual aids and supporting documentation
- Logical flow and compelling narrative
- Professional presentation and formatting

**Client Alignment:**
- Direct connection to stated objectives
- Appropriate risk level and time horizon
- Consideration of constraints and preferences
- Realistic expectations and outcomes

**Compliance and Suitability:**
- Appropriate risk disclosures and warnings
- Suitability analysis and documentation
- Regulatory compliance and best practices
- Clear fee disclosure and justification

Create performance report for {client_name} covering {review_period} with {portfolio_performance} results:

**SITUATION:** You are preparing comprehensive performance review for {client_name} covering {review_period} to communicate portfolio results, market insights, and strategic recommendations during {market_conditions}.

**TASK:** Develop clear and engaging performance report that explains portfolio results, provides market context, and outlines strategic recommendations for continued success.

**ACTION:** Structure your report using client-focused performance communication frameworks:

**EXECUTIVE SUMMARY**
Dear {client_name},

We are pleased to present your portfolio performance review for {review_period}. During this period, your portfolio achieved {portfolio_performance} results, reflecting our disciplined investment approach and strategic positioning in {market_conditions} market environment.

**Key Highlights:**
- **Portfolio Return:** {portfolio_return}% for {review_period}
- **Benchmark Comparison:** {benchmark_comparison} vs. benchmark
- **Risk-Adjusted Performance:** Sharpe ratio of {sharpe_ratio}
- **Asset Allocation:** Maintained strategic allocation targets
- **Market Outlook:** {market_outlook} for upcoming period

**SECTION 1: PORTFOLIO PERFORMANCE SUMMARY**

**Performance Overview:**
| Period | Portfolio Return | Benchmark Return | Relative Performance |
|--------|------------------|------------------|---------------------|
| {review_period} | {portfolio_return}% | {benchmark_return}% | {relative_performance} |
| Year-to-Date | {ytd_portfolio}% | {ytd_benchmark}% | {ytd_relative} |
| 1 Year | {one_year_portfolio}% | {one_year_benchmark}% | {one_year_relative} |
| 3 Years (Annualized) | {three_year_portfolio}% | {three_year_benchmark}% | {three_year_relative} |

**Risk Metrics:**
- **Portfolio Volatility:** {portfolio_volatility}%
- **Maximum Drawdown:** {max_drawdown}%
- **Beta:** {portfolio_beta}
- **Sharpe Ratio:** {sharpe_ratio}
- **Information Ratio:** {information_ratio}

**Performance Attribution:**
- **Asset Allocation Effect:** {allocation_effect}%
- **Security Selection Effect:** {selection_effect}%
- **Currency Effect:** {currency_effect}%
- **Total Active Return:** {total_active_return}%

**SECTION 2: MARKET REVIEW & COMMENTARY**

**Market Environment:**
During {review_period}, financial markets experienced {market_conditions}, characterized by:
- {market_factor_1}
- {market_factor_2}
- {market_factor_3}

**Asset Class Performance:**
- **Equities:** {equity_performance} driven by {equity_drivers}
- **Fixed Income:** {bond_performance} influenced by {bond_drivers}
- **Alternatives:** {alternative_performance} supported by {alternative_drivers}
- **Currencies:** {currency_performance} affected by {currency_drivers}

**Key Market Events:**
- {market_event_1} and its impact on portfolio positioning
- {market_event_2} and strategic response
- {market_event_3} and risk management actions

**SECTION 3: PORTFOLIO POSITIONING & CHANGES**

**Current Asset Allocation:**
- **Equities:** {current_equity_allocation}% (Target: {target_equity}%)
- **Fixed Income:** {current_bond_allocation}% (Target: {target_bond}%)
- **Alternatives:** {current_alternative_allocation}% (Target: {target_alternative}%)
- **Cash:** {current_cash_allocation}% (Target: {target_cash}%)

**Portfolio Changes During {review_period}:**
**Additions:**
- {addition_1}: Added {addition_amount_1} for {addition_rationale_1}
- {addition_2}: Added {addition_amount_2} for {addition_rationale_2}

**Reductions:**
- {reduction_1}: Reduced {reduction_amount_1} due to {reduction_rationale_1}
- {reduction_2}: Reduced {reduction_amount_2} due to {reduction_rationale_2}

**Rebalancing Actions:**
- Rebalanced {rebalancing_action_1} to maintain strategic allocation
- Adjusted {rebalancing_action_2} in response to market opportunities

**SECTION 4: GOAL PROGRESS & PLANNING**

**Progress Toward Financial Goals:**
- **Retirement Planning:** {retirement_progress}% on track for {retirement_target}
- **Education Funding:** {education_progress}% toward {education_target}
- **Wealth Preservation:** {preservation_progress} maintaining purchasing power
- **Income Generation:** {income_progress} meeting {income_target} requirements

**Goal Achievement Timeline:**
| Goal | Target Date | Current Progress | Required Return | On Track? |
|------|-------------|------------------|-----------------|-----------|
| {goal_1} | {target_date_1} | {progress_1}% | {required_return_1}% | {on_track_1} |
| {goal_2} | {target_date_2} | {progress_2}% | {required_return_2}% | {on_track_2} |

**Adjustments Needed:**
- {adjustment_1} to accelerate progress toward {goal_adjustment_1}
- {adjustment_2} to address {goal_challenge_2}

**SECTION 5: MARKET OUTLOOK & STRATEGY**

**Economic Outlook:**
- **GDP Growth:** {gdp_forecast} expected for {forecast_period}
- **Inflation:** {inflation_forecast} projected inflation rate
- **Interest Rates:** {interest_rate_outlook} anticipated by central banks
- **Employment:** {employment_outlook} labor market conditions

**Investment Strategy:**
**Near-term (3-6 months):**
- {near_term_strategy_1}
- {near_term_strategy_2}
- {near_term_strategy_3}

**Medium-term (6-18 months):**
- {medium_term_strategy_1}
- {medium_term_strategy_2}
- {medium_term_strategy_3}

**Key Opportunities:**
- {opportunity_1}: {opportunity_description_1}
- {opportunity_2}: {opportunity_description_2}
- {opportunity_3}: {opportunity_description_3}

**Risk Considerations:**
- {risk_1}: {risk_mitigation_1}
- {risk_2}: {risk_mitigation_2}
- {risk_3}: {risk_mitigation_3}

**SECTION 6: RECOMMENDATIONS & NEXT STEPS**

**Strategic Recommendations:**
1. **Portfolio Optimization:** {optimization_recommendation}
2. **Risk Management:** {risk_management_recommendation}
3. **Tax Efficiency:** {tax_efficiency_recommendation}
4. **Rebalancing:** {rebalancing_recommendation}

**Action Items:**
- **Immediate (Next 30 days):** {immediate_action}
- **Short-term (Next quarter):** {short_term_action}
- **Annual Review:** {annual_review_action}

**Meeting Schedule:**
- **Next Review:** {next_review_date}
- **Quarterly Check-in:** {quarterly_checkin_date}
- **Annual Planning:** {annual_planning_date}

**SECTION 7: IMPORTANT DISCLOSURES**

**Performance Disclosures:**
- Past performance does not guarantee future results
- All returns are net of fees unless otherwise stated
- Benchmark: {benchmark_description}
- Performance calculated using time-weighted returns

**Risk Disclosures:**
- Investments involve risk including potential loss of principal
- Market volatility may impact portfolio values
- Currency fluctuations may affect international investments
- Alternative investments may have limited liquidity

**Contact Information:**
- **Primary Advisor:** {advisor_name} - {advisor_phone} - {advisor_email}
- **Portfolio Manager:** {pm_name} - {pm_phone} - {pm_email}
- **Client Service:** {service_phone} - {service_email}

**Thank you for your continued trust and confidence. We look forward to discussing your portfolio performance and addressing any questions you may have during our upcoming review meeting.**

Best regards,
{advisor_signature}

**RESULT:** Ensure your performance report provides:

**Clear Communication:**
- Easy-to-understand performance metrics and explanations
- Visual charts and graphs to illustrate key points
- Jargon-free language with clear definitions
- Logical flow from performance to strategy

**Comprehensive Analysis:**
- Detailed performance attribution and analysis
- Market context and environmental factors
- Risk-adjusted performance metrics
- Progress toward stated financial goals

**Strategic Value:**
- Forward-looking market outlook and positioning
- Specific recommendations and action items
- Risk assessment and mitigation strategies
- Clear next steps and meeting schedule

**Professional Presentation:**
- Consistent formatting and professional appearance
- Appropriate disclosures and compliance statements
- Contact information and accessibility
- Personalized content and recommendations