Financial Planning

Helping For Your Financial Goals

• Financial Planning is the process of meeting your life goals through the proper management of your finances.

• Financial planning is a client-focused process for helping the client achieve his or her financial goals.

• Financial planning can help assess every aspect of your financial life—including saving, investments, insurance, taxes, retirement, and estate planning.

What is Financial Planning?

Benefits of Financial Planning

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Need Of Financial Planning

• Sharing your Life Goals, values and philosophies about money and finance with your planner.

• Cultivating a relationship with your planner based upon natural trust and respect.

• Determining your net worth by identifying all of your assets and liabilities.

• Gathering detailed information about your daily, monthly and yearly expenditures.

• Constructing a cash flow statement based on your income and expenses.

• Analyzing your spending habits and developing a workable budget that you can sock to.

What Does Financial Planning Entail?

• Gathering and Analyzing Financial statements from banks and brokerages, estate documents insurance policies real estate holdings and employee benefits plans.

• Discussing various life planning assumptions identify short & long term goals then mapping out various paths to take to realize those goals based upon these assumptions.

• At all times during this process, your planner will be acting as a fiduciary agent for you- your best interest will always be paramount.

What Does Financial Planning Entail?

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Financial Planning Process

Establish a Client – Advisor

relationship & define

the scope of services.

Analyse the Risk

Appetite and

Current’s Financial Health of

the Client.

Understand the Client’s Life Goals.

Develop appropriate strategies to achieve the Goals.

Discuss the strategies with the

client and select

appropriate strategy

Submit the recommend

ations to the client.

• Insurance Planning• Retirement Planning• Tax Planning• Education Planning• Investment Planning• Estate Planning

Service Offered

• Financial planner is someone who uses the financial planning process to help you figure out how to meet your life goals.

• The planner can take a “big picture” view of your financial situation and make financial planning recommendations that are right for you.

• The planner can look at all of your needs including budgeting and saving, taxes, investments, insurance & retirement planning.

Need of Financial Planner

Financial Planner –Thumb Rules

Aggressive Investors should hold stocks, Conservative Investors should hold bonds.

Long-term Investors can afford to take more stock market risk than short – term investors.

• Yes, You need expertise you don't possess in certain areas of your finances. For example, a Planner can help you evaluate the level of risk in your investment portfolio or adjust your retirement plan due to changing family circumstances.

• You want to get a professional opinion about the Financial Plan you developed yourself.

• You have an immediate need or unexpected life event such as a birth, inheritance or major illness.

• You feel that a professional Advisor could help you improve on how you are currently managing your finances.

• You know that you need to improve your current financial situation but don't know where to start.

DO I Really Need a Financial Planner?

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