Evaluate Current Position
- It involves evaluating your risk profile
- Cash flows and Networth are calculated. Current Insurance coverage for life and health are checked
- Loans outstanding if any are taken into consideration
What is Financial Planning?
What is Financial Planning?
Financial planning is not about investment advice or tax saving ideas alone.
It is like medical treatment by your family doctor, who besides prescribing suitable medication suggests actions that would bring effective results. He also monitors your progress to ensure that you remain on track, and if required, suggest changes accordingly.
In precise terms, financial planning is about utilizing financial tools that optimize your financial resources, enables you to face life changes and make you feel confident to meet the future head on.
Our Process
Identify Goals
- Objectives of the financial plan are established
- The goals could be short, medium or long-term
- Goals can include child’s education, marriage, purchasing a house your retirement etc.
Work Out the Plan
- Clear strategy is designed in line with your objectives and risk tolerance
- A winning asset allocation is drawn up so that your financial goals are met, which is fundamental to a successful plan.
Implement the Plan
- We will assist you in the process of implementing the plan by suggesting the optimal mix of products and services that are essential for the success of the plan.
Report Periodically
- We will monitor the progress on an on-going basis
- We will periodically report the progress and measure the results achieved vis-à-vis the plan.
Review & Rebalance
- Financial planning is a dynamic process
- We will periodically review the plan and progress made
- Modifications if any are suggested due to changes like inheritance, change in job status, birth or death in the family etc.
All you need to do is set goals, define a time period to achieve the goals, indicate how much money you can invest at the moment and fill the form which will help us to contact you.
- a. The best benefit is peace of mind.
Knowing you have a properly prepared plan in place - one that contains your instructions and will protect your family - will give you and your family peace of mind. This is one of the most thoughtful and considerate things you can do for yourself and for those you love. Keep your family united and avoid disputes.
- b. Will & Succession planning is for everyone.
It is not just for “retired” people, although people do tend to think about it more as they get older. Unfortunately, we can’t successfully predict how long we will live, and illness and accidents happen to people of all ages. It is not just for “the wealthy,” either, although people who have built some wealth do often think more about how to preserve it. It often means more to families with modest assets, because they can afford to lose the least.
- c. Too many people don’t plan.
Individuals put off succession planning because they think they don’t own enough, they’re not old enough, they’re busy, think they have plenty of time, they’re confused and don’t know who can help them, or they just don’t want to think it. Then, when something happens to them, their families have to pick up the pieces.
If you don’t have a plan, the Law has one for you, but you probably won’t like it and your loved ones will struggle to get your assets you left behind.
Let us help you plan – Contact us