Financial Planning

What is Financial Planning ?

In simple language “Financial Planning is the process of meeting your financial dreams/goals in your life through the proper management of your finance.”

Dream of buying a new car, a dream house, children education, getting your children married in your dreamed style, or retiring early to Live Life King Size.

Financial Planning gives you more clarity & value in life, it provides direction and meaning to your financial decision. It helps you to provide the right balance between your present and future lifestyle.

Financial Planning have three important questions:

  • What is your current financial situation?
  • What is your vision about future financial situation?
  • How do you plan to achieve your vision?

What Is a Financial Plan?

A financial plan is a document containing a person’s current money situation and long-term monetary goals, as well as strategies to achieve those goals. A financial plan may be created independently or with the help of a certified financial planner & expertise. Financial Planner are like photographer; they are not part of the picture but still contribute to make it look great.

Why is Financial Planning required?

No one plans to fail but fails to plan.
Today, time is with you. But will you be able to continue at the same throughout your life? Will your income be the same forever? Will you be able to live on your own terms even after you retire? Answer these questions and then think for Financial Planning.

Process of Financial Planning

  • Initial Meeting: Explain in details about the services of company, rules and get an understanding of the client’s financial situation, life requirements, wants, dreams and desires.
  • Data Collection: Detailed data collection from the client is conducted – Income, expenses, current liabilities, existing investment details and data pertaining to conducting risk appetite and capability.
  • Risk analysis and Evaluation: Risk profiling of the client is done. Based on the results, according to the client’s life stage, personal values and economic factors to create the strategy going forward.
  • Plan Presentation: Goals are prioritized, Asset allocation actions are considered and suitable products are researched to create a customized portfolio plan as per Risk analysis & then present this plan with detailed explanation and clear all queries and doubts of the client.
  • Implement Financial Plan: Once clear understanding of the portfolio has been established,   portfolio plan is executed for investment. Depending on the comfort of client, he/she can either choose to invest through online mode or Physical paper based mode.
  • Monitoring and Review: To review the portfolio once a quarter with the client. Also update data regarding the client’s life events for any temporary change in strategy. Revision of the portfolio is done once a year. Profit booking, rebalancing and changes to portfolio (if any) are suggested.

Please contact us for more details. We will be happy to serve you.