Personal Financial Planning

Personal Financial Planning

Personal Financial Planning is a process of working out a financial Plan to Invest and manage your money.
Through Financial Planning we work towards attainment of your financial objectives.
We help you to work out on where you are now, what you may need in the future and what you must do to reach your goal by the process that involves gathering relevant financial information, setting financial goals, examining your current financial status and coming up with a strategy for a plan on how you can meet with your goals, and map the gap.

Benefits of Financial Planning:

Financial planning provides direction and meaning to financial decisions. It brings method and clearly defined purpose in allocating money from time to time.
In general, we all have important financial goals like acquiring House property, providing higher education to our children, building a corpus and having sufficient amount of money for our Retirement

Our Process

Our approach to financial planning is simple and straightforward. However, it is also important that you fully understand our approach.

Evaluate Current Position

This is the first stage of our interaction. It involves evaluating your current situation which includes cash flow analysis, calculating your net worth, reviewing your insurance coverage for life, disability, home, auto, health etc.

Identify Goals

We then go about clearly establishing the objectives of the financial plan so that, several goals can be balanced. The goals could be short, medium or long-term and could include child’s education, marriage, your retirement etc.

Work Out the Plan

We then work out a clear strategy in line with your objectives and risk tolerance. Drawing up a winning asset allocation so that your financial goals are met 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

Once the plan is implemented 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 annually review the plan and progress made, to see if any modifications are required due to changes like inheritance, change in job status, birth or death in the family etc.

Benefits of Financial Planning

Financial Planning provides direction and meaning to financial decisions. It allows the client to understand how each financial decision affect other areas of their finances.
For eg. Decision to buy House Property by taking significant amount of Housing Loan can have to effect of saving too little or not saving at all for Retirement thus affecting the age at which a person can retire.
Because a Financial Plan incorporates comprehensive details it is possible for clients to look at each financial decision as part of the whole thus enabling to consider the short and long term effects on their life goals.

Financial Planning can achieve the following for the clients

• Organize their Finances

• Improve Cash flows

• Lower Personal Income taxes

• Plan for Retirement

• Improve Investment Performance

• Lower Investment Risk

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

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