Financial Goal Planning
Financial Goal Planning is a process of evaluating your current financial position, setting financial goals for you and your family and charting a roadmap through an Investment Planning process to achieve those goals.
It’s a three-step process and one needs to delve into the details of the following questions -
-
Where am I currently? – your current wealth status
-
What I want to achieve? – your stated goals with numbers, time horizon, ability and willingness to take risk
-
How to reach set goals of family? – the road map
Financial Planning is an ongoing exercise. You will need to revise the plan, from time to time, to keep it current & relevant.
Our Financial Planning Service Includes -
- Analyze your current wealth status, investment profile and cash flows. These include your sources of income, expenses, assets and liabilities .
- Identification of goals, which can be retirement, children education and marriage, purchase new home, etc with numbers.
- ‘Gap assessment’ to see the short fall.
- Determination of risk appetite, time horizon, needs etc.
- Investment planning that includes channeling of incremental savings to meet the goals, asset allocation, assessment of financial products and expected returns and building a diversified portfolio to give the best and most tax efficient returns that helps build wealth.
- Identification of insurance needs, including analysis of life and health insurance coverage.
- Debt management which include ways to manage and reduce liabilities.
- Tax planning.
- Retirement planning which includes structuring the portfolio to build a corpus that would give regular tax efficient monthly income for future expenses in second innings of life.