Family Finance Management
Savings definitely finds a place in the lives of many individuals, if not all. Whether you are a salaried employee or a businessman, savings is automatic by way of provident fund contributions or setting aside for emergencies as the case may be. Just saving will not suffice.
The tricky part is answering the following questions . . .
Am I saving enough? Am I choosing the right instruments to save? Will my saving take care of inflation? What portion of my saving should be allocated to real estate? Should I go for gold ETF or a gold chit? Why should I buy a term insurance? Will declaration of nominee in my savings take care of succession planning? . . .
This is where a need based approach makes more sense.
Our Comprehensive Financial Planning service does exactly the same. We first take a look at your goals and dreams in life, prioritize them, understand your risk tolerance, fund your goals with existing savings & investments, address the deficit, balance your assets and allocate based on your risk score, prepare a goal guide & review the prepared plan once a year to keep track.
How does this help you ?
Creating a comprehensive financial plan helps you to
- Understand your current financial standing
- Provides a roadmap to your dreams and goals
- Empowers you to take rational financial decisions
- Develops a set of tools to face life’s unexpected evens so that you will not be fooled by randomness
- Keeps you focused on the goals you have set for yourself
After completing our first phase we enter into Implementation stage where we Implement the Action plan and start monitoring the plan. This holistic Financial Planning and portfolio management services includes tax planning and estate planning to ensure prosperity of your family forever.