Financial Planning-Helping For Future Goals

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Financial Planning
Helping For Your Financial Goals
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• 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 lifeincluding saving,
  investments, insurance, taxes, retirement, and
  estate planning.

What is Financial Planning?
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Benefits of Financial Planning
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Need Of Financial Planning
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• 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?
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• 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
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• Insurance Planning
• Retirement Planning
• Tax Planning
• Education Planning
• Investment Planning
• Estate Planning

Service Offered
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• 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
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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.

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• 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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9650901058
marcom_at_elitewealth.in
http//www.elitewealth.in