The need for financial planning arises from the need to meet the financial goals that enable the achievement of one's life goals. These are determined by one's understanding of the present situation, status, income level, wealth, responsibilities, aspirations, risk profile, ability to save, past and present lifestyle, etc.

Financial planning helps to take a comprehensive look towards ones futures financial needs and goals, including cash flow, debt management, education funding, retirement planning, estate conservation and portfolio management. Generally everyone invests in the various available avenues but very few investments are linked to individual goals. All of us have goals to be fulfilled at every stage of life. Life and financial goals are very diverse as under :

Protecting Yourself & Your Family against Financial Risks : The loss of a job, a serious illness, a legal problem, a sudden death, an accident or a natural disaster will prompt seeking a financial advice. Financial planning will help in analyzing your insurance needs (disability and long-term care) in relation to your overall financial circumstances and goals. Moreover, in addition to all these uncertain risks all investment have some certain risks as well, such as market risk, inflation risk, interest rate risk, reinvestment risk. Financial Planning will help in reducing and managing all these risks. Hence prevention is better than cure so its better to start planning.

Organize and Manage Finances : Many people have complex financial life, yet lack the time, expertise, discipline and objectivity to put their finances in order. Financial Planning will help in examining the overall net worth, financial situation, goals and objectives, and recommend strategies to get the most from their investments so that life's goals are achieved.

Achieving Personal Goals Such as Child Education, Marriage, Car, Home : Everyone has his own set of individual financial goals. Yours may include funding a child's college education, enjoying a comfortable retirement, purchasing a home, starting your own business, minimizing your tax costs, or any combination thereof. But no matter which financial goals you have chosen, developing a comprehensive financial plan will help you in achieving them in a systematic manner.

To be Able to Retire Peacefully : Retirement is like going on a long vacation as the expenses are increasing and there is no regular income, hence it is very important to have an enough retirement kitty before retirement. Moreover as the life expectancy is increased nowadays there should be enough kitty to avail the medical expenses which will also increase at the time of retirement due to rising cost of living and inflation. With the help of Financial Planning one can get a clear picture of the kind of lifestyle one wishes at the time of retirement and hence can plan accordingly.

Passing Wealth to Next Generation : Estate planning will ensure that your assets will be used to benefit the people that you choose, and in the amounts chosen by you. A Financial planners is needed to discuss wills, living wills, powers of attorney, life insurance, trusts and other estate planning issues. A well-drafted estate plan provides assurance that the taxes and costs associated with your death will be minimized.

Financial planning, especially at an early age can help to give your life focus and help you to achieve your goals in life. Financial planning gives you a set of tools to create wealth and build up a nest egg that you can use in case of emergency. Financial planning also gives you direction, direction you need to make informed decisions about investments so that you won't make any mistakes and you can reap the benefits for the rest of your life.

Steps involved for undertaking financial planning process:

• Client is interested to undertake financial planning.
• Ist. Introductory free visit with no obligation-in which we will clarify all modalities to be undertaken.
• Letter of engagement to be signed by both the parties which will mention role, responsibility & fee of financial planner & that of client with exit clauses, if the client is not satisfied with the services.
• Data gathering process preferably along with spouse(client is supposed to keep all relevant financial data ready).
• Discussion regarding Risk-appitute, goals & expectations of client.
• We will make a draft of all financials & submit to client for approval & necessary addition/alteration to be incorporated(all data will be kept confidential).
• Presenting financial plan with recommendations.
• Implementation of plan & assistance to client in implementation .
• Revival of financial plan processes & rebalancing of assets allocation.
• Last but not the least, financial planning client need to consult financial planner before taking any major financial decision. We assure financial planning client that we will always act in client's interest.

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