Financial Planning and Its Benefits
Good Financial Advise by a Certified Financial Planner helps you make most of what you have while you create a comfortable future for yourself and your family. It's based on Goals and Dreams, and Include Tax Planning, Investment and your financial security. Good Financial Planning is also about providing you with the Information and Advise you need to move in the direction you want to take. It puts you in control of your Financial Future and gives you Financial Freedom.
No matter what your personal circumstances are now, you probably have some dream and you may be in fortunate position where you have some money too for Investment. The core benefit of a Comprehensive Financial Planning is its Purely Need Based and Customer Centric. Most of the Financial Products being sold in the country are distribution centric, where the business is mostly driven by commission, hidden charges, unrealistic assumptions etc. A Comprehensive Financial Planning is FEE BASED hence not influenced by any product commission or other benefits, It gives clear picture about the financial product and hence you make wiser choices. Your Success depends on your choice and not chances. Chances that you get phenomenal returns overnight is LESS, Returns are market linked and hence its not in your hand, but Choices are in your control.
Ingradients of Financial Planning
A Thorough Financial Planning Consists of
1) Risk Management and Insurance Planning
2) Retirement Planning and Employee Benefits
3) Investment Planning
4) Tax Planning and Estate Planning
Financial Planning Process Consists of..
1) Establishing and Defining Client Partner Relationship
2) Gathering Client Data, Goals and Objectives
3) Analysing and Evaluating Client's Financial Status
4) Developing and Presenting Financial Planning Recommandations
5) Implementing the Financial Planning Recommandations.
6) Monitoring the Financial Planning Recommandations.
