Financial Goal Planning
Its not how much money you make, but how much money you keep, how hard it works for you and how many generations you keep it for.
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 -
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Where am I currently? – your current wealth status
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What I want to achieve? – your stated goals with numbers, time horizon, ability and willingness to take risk
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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.