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A PRESENTATION
BY
How to be Financially wise and Feel Secure in life
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Being financially wise is to ….
Have control over our financesBeing able to pay all financial obligations -
Still not feeling burdenedNot spending more than you earnLiving with in the meansSaving for the future
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PLAN YOUR FINANCIAL LIFE INTELLIGENTLY IMPLEMENT THE PLAN THOUGHTFULLY MONITOR THE PLAN CAREFULLY
Best way to be financially wise
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Planning is….
Blue print for management of all financial affairs of entire life
It answers 3 straight questions:
1. Where am I?2. Where do I want to go?3. How do I reach there?
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What you can plan?-examples of goals
• Buying a house• Buying a car• Risk management• Prepayment of
housing loan• Debt management
Retirement planning
Kids Education/ Marriage
Tax SavingBudgeting/cash
flow managementHoliday planning
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NO ONE PLANS TO FAIL BUT PEOPLE WHO DON’T PLAN ARE
SURELY MAKING PLANS TO FAIL
Why Financial Plan?
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Why Financial Planning?
To have financial life in orderReduce major cause of stressMore clarity on how to achieve dreams and
goalsUnderstand impact of each financial
decision Get ready for life changing events eg. Child
birth, marriage, house purchase Bring coherence to financial decisionsAll Rights Reserved www.spearheadfinserve.com
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GIVE IT A THOUGHT
Do you need Financial Planning?
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Do I have enough for retirement?
When can I retire?Am I paying more
taxes?How can I protect my
assets?How will I pay for my
child’s education?
Are my investments beating inflation?
How can I achieve my financial goals?
Is my portfolio diverse enough?
Am I saving enough?Do I have money for
emergencies?
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IF YOU DON’T HAVE CLARITY FOR ANY OF THE ABOVE QUESTIONS, PROBABLY YOU
NEED FINANCIAL PLANNING
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What happens if you do not plan?
Lack of direction for financial decisionsNot able to distinguish needs- wantsTrigger spendingBorrowing StressDepending on chance for financial success
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Components of Financial planning
Risk ManagementInvestment ManagementTax PlanningRetirement PlanningEstate PlanningChildren future PlanningMajor goals Planning
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Risk Management
Emergency FundingLife risk planningHeath risk managementPersonal accident risk managementProperty risk management eg. Auto
insurance, house insurance
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Retirement Planning
How much corpus required when you retire?
How is it going to be accumulated?Is there any gap? Gap analysisHow to manage gap? If anyWhat are best investment options for
retirement corpus accumulation?What if I retire early?
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Investment Planning
Risk profiling Analysis of current InvestmentsAnalysis of suitability of investments Investing by matching risk profile & goals Monitoring Investments
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Tax Planning
Planning FBP In time Income Tax Return FilingUsing all benefits of exemptions/deductionsUsing best tax saving instruments to save tax
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Estate Planning
Will creationTrust creationGiftingPOAPhilanthropic/Charitable givingSolutions for families of children with special
needsSuccession / Transfer Special purpose planningFamily settlementAll Rights Reserved www.spearheadfinserve.com
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Benefits of having Financial Planner
• Professional management of your personal finance
• Deciding on investment which has sentimental value
• To have a person on your side(Not a product seller)
• Have a person who makes you financially discipline with strict insistence
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When and Why Financial planning fails?
Planning without proper assessment Improper assumptionsLack of commitment Improper ImplementationNot able to Integrate the financial
management into day to day life
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Financial Security
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Elements of secured Financial life
Protected selfProtected familyMeeting emergency fund requirementsSecured retirementAble to achieve financial goals
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Why people don’t do Financial planning
I don’t have time
Terribly Busy. Too many projects. Completion in 2 days time. Worked until midnight. Tired of this.
Cash lying in bank account without earning. What to do? Terribly busy.. How much I will lose because I have not invested? May be Rs.1 lac. It is OK ? No Problems I will make it up.
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Cost of Delay
Cost of Delay Calculator
Retirement age 60 60Interest rate p.a. 12% 12%
Monthly Investment Rs. 10,000 Rs. 15,000
Delay in Investment 1 year 1 year
Age (in yrs)Amount lost until age 60
(in lakhs)Amount lost until age 60 (in
lakhs)
30 41 6135 22 3440 12 1945 7 1050 4 6
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My kids will take care of me
I have taken care of my parents and
“why not my son or daughter”
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Indian express report- 3rd Oct 2012
Number of Old Age Homes doubles in the last three years
In 2009, Help age India, an NGO working for the welfare of elderly people, counted 60 homes for aged in Bangalore and now this number has crossed 120.
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What if I start doing my own financial planning?
So much information is available in the net and become my own financial advisor
Have Time
Monitor your investment portfolio frequently
Track the markets
Keep a close watch on the economy and political scenario
Interpret changes in policies
Understand and evaluate the new options coming in almost every day;
AND do your regular job?
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Knowledge to interpret
N number of investments options available across geographical boundaries that you need to evaluate.
To understand markets, government regulations, world economies and their impact on your investments in turn on your goals
AND deduce and react to its changes appropriately and timely.
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Sources Result
BanksFriendsFamilyCo workersInsurance AgentStock BrokerTax consultant
Several people-Different views
Decision in isolationNo relation with
each otherNo consideration of
one decision on the other
Where do we get advise from?
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DO NOT PROCRASTINATE AS ACTIONS CAN ONLY BRING
RESULTS
Take Charge
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“There are no magic secrets that are guaranteed to protect everyone
under all circumstances”
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31“Intelligently planned, thoughtfully implemented and carefully monitored is about as close as anyone is going
to get developing a financial security”
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How Spearhead Finserve can help you?
Be part of Finwise
turf
Subscribing to our weekly
Newsletters
Enrolling for our
services
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Our Services
Comprehensive Financial Planning
Wealth Management
Essential Financial Planning
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Features of our Services
Core• Goal Setting• Analysis of current
situation• Cash flow management
and Budgeting• Net worth statement• Risk management• Investment Management• Tax planning• Retirement• Estate Planning• Gap analysis
Added
• Clear Cut strategic guidance
• Facilitating actions• Monitoring
Extra
• One stop shop• Tax return filing
• Online software tool• Your relationship with
money• Risk profiling
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Walk through our process
Initial Meetin
g
Risk Profiling
Letter defining scope of service
Your relationship with money
Signing of confidentiality
agreement
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Next …..
Step 1 -Establish GoalsStep 2 -Gather DataStep 3 -Analyze & Evaluate Your Financial
StatusStep 4 - Develop a PlanStep 5 - Implement the PlanStep 6 - Monitor the Plan & Make Necessary
Adjustments as and when required
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Why Spearhead FinServe ?
Conflict free advisory – Not attached to single Broker or Fund House/Insurer
One Stop Shop advisory on all personal finance needs Client’s interest first Confidentiality of information at all stages No obligation of implementing the recommendations through
Spearhead FinServe. Continuous portfolio tracking through quarterly reviews &
online platform Customized to Client’s requirement
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Case Study
Mr. X, wanted evaluation of his exiting investments, insurances, etc & a Financial Plan for his future.
Situation then: 16 Insurance Policies 15 Mutual Funds 19 Fixed Deposits spread across 4 banks 6 Post Office Deposits 2 Infra Bonds Health Insurance Cover provided by Company
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Case Study
6 Goals to achieveSituation Now:
Insurance & Mutual Fund Clean Up Completed Presently 3 insurance policies are continued About 6 Mutual Funds are continued Post-Office Deposits & FD’s have been liquidated &
invested according to suitability of the goal. 2 Short-term Goals already achieved comfortably Every investment is mapped to a specific goal Sufficient Life Insurance cover taken considering his
present lifestyle & other commitments
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Case Study
Considering his health history & family illness, health insurance cover was increased
Ensured sufficient liquidity to his cash flows in order to take care in case of Emergencies
Implementation of the plan have been facilitatedTwo reviews of the Plan over. He is happy that he is
moving in the right direction to achieve goalsMonitoring the investments is a continuous activity
& is in process…..
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Products
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Debt & Money Market InstrumentsMutual FundsEquityReal Estate AdvisoryOther Products
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Products
Debt & Money Market Instruments
GOI Securities PSU bonds Corporate bonds (NCD’s & Perpetual) Tax free bonds Capital Gain bonds Commercial Papers Corporate Deposits (Manufacturing, NBFC & Non-NBFC) Fixed Maturity Plans (FMP’s) Structured Products
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Products
Mutual Funds Equity/Debt/Balanced Hybrid/ELSS/Gilt/MIP/ETF
Equity Research base Advisory Trading Terminal DEMAT Services
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Products
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Real Estate Advisory Feasibility Study (Risk & Return) Buy/Sell Recommendation Legal Opinions Housing Loan Facilitation
Other Products Life Insurance – Traditional & Term General Insurance – Health, Critical, PA, Home, Vehicle, etc Loans against shares/Debt Instruments Commodities & National Spot Exchange Investments Debt Restructuring
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How Spearhead Services can help you?
In-house Research – A team of professionalsBest of the instruments available in the
marketTimely informationFacilitate Investments & Logistics
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Major Factors considered
Client’s requirementCredit RatingPast PerformanceLiquidityPost tax Returns
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THE ANSWER LIES IN YOUR STRATEGY DOCUMENT OR THE FINANCIAL PLAN
Products will come and go, and you are not supposed to take note of each of such events
UNLESS SUCH STRATEGY HAVE BEEN WELL DOCUMENTED BEFORE HAND IN YOUR
FINANCIAL PLAN
Should you invest in any such Products?
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Q & A
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This document is only for information purposes and Spearhead Finserve Private Limited is not providing any professional/investment advice through it. This document does not constitute or is not intended to constitute an offer to buy or sell, or a solicitation to an offer to buy or sell financial products, units or securities. Spearhead Finserve disclaims warranty of any kind, whether express or implied, as to any matter/content contained in this document, including, without limitation, the implied warranties of merchantability and fitness for a particular purpose. Spearhead Finserve and their officers, employees, personnel, directors will not be responsible for any direct/indirect loss or liability incurred by the user as a consequence of his or any other person on his behalf taking any investment decisions based on the contents of this document. Use of this document is at the users own risk. The user must make his own investment decisions based on his specific investment objective and financial position. Spearhead Finserve does not warrant completeness or accuracy of any information published in this document. This presentation series is for personal use and shall not resell, copy, or re-distribute or use it for any commercial purpose.