Effective Financial Planning - English
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Transcript of Effective Financial Planning - English
![Page 1: Effective Financial Planning - English](https://reader035.fdocuments.in/reader035/viewer/2022062412/5881b80f1a28abdd348b6be7/html5/thumbnails/1.jpg)
Effective financial planning
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• Why you need a plan• What does Old Mutual Personal Financial
Advice offer• Who we are• The planning process• The elements of a financial plan
Contents
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Why you need a plan
“Financial planning should, simply, be about strategies that create, preserve and grow your wealth based at every point on your needs” – Bruce Cameron
“You are flying blind if you fail to draw up a plan” – Personal Finance
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Life stages …
Place mouse cursor over an appropriate stage to view more.
Single and Starting out
Single and established
MarriedFamily Life
Divorced
Deep in Debt
Retrenched
Empty Nest
Bereavement
Retiring comfortably
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What does Personal Financial Advice offer?
Quality, goals-based financial adviceThrough holistic financial planning
• Ongoing financial advice– Delivered by a professional financial adviser
• A comprehensive personalised plan for life– Should your circumstances change, your financial
plan will too• Backed by Old Mutual
“It all begins with a plan …A plan for life.”
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Who we are
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1: Gathering personal and
financial information
The planning process
Understanding you better
STEP 1
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1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
The planning process
Discovering your hopes & dreams
STEP 2
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1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
The planning process
Taking a closer look
STEP 3
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1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
4: Recommending
Solutions
The planning process
The wayforward
STEP 4
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1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
4: Recommending
Solutions
5: Implementing Solutions or
compromises
The planning process
The plan
STEP 5
![Page 12: Effective Financial Planning - English](https://reader035.fdocuments.in/reader035/viewer/2022062412/5881b80f1a28abdd348b6be7/html5/thumbnails/12.jpg)
1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
4: Recommending
Solutions
5: Implementing Solutions or
compromises
6: Reviewing Solutions and
making changes
STEP 6
Reviewing the journey
The planning process
![Page 13: Effective Financial Planning - English](https://reader035.fdocuments.in/reader035/viewer/2022062412/5881b80f1a28abdd348b6be7/html5/thumbnails/13.jpg)
The elements of a financial plan
GOALS
SOLUTIONS
RISKPLANNING
RETIREMENT PLANNING
INVESTMENT/ SAVINGS PLANNING
Short Term Medium Term Long Term
PRO
TECT
ION
O
F W
EALT
H
WEA
LTH
CRE A
TIO
N