1] Personal Finance Consultation:
Personal Finance Consultation Programme is a unique approach to start “Towards Better Living” journey. In this programme, I give you questionnaires to answer, which help me to assess current behavior towards personal finance, level of knowledge, issues related to investments and future expectation towards personal finance.
Note: Personal Finance Consultation is only providing snapshot of personal finance. In this programme, I do no review any current investment holding, products or funds in this service and I also do not provide any investment advise or product or fund recommendations. If you want detailed analysis on current investment, goals, new product or fund recommendation, subscribe Better Living Programme.
2] Towards Better living Programme:
In this programme, I comprehensively analyse each and every aspect of financials including detailed analysis of current investments, income and expenses, goals planning, contingency planning, risk assessment, debt management and tax planning.
I mainly follow 5 steps of financial lifE planning:-
1) Gathering of data and determining goals and expectations:-
I will tart with data gathering means collection all your current financial data. Once data gathered, I try to understand about your personal financial situation, financial goals and attitude towards personal finance, risk tolerance level, investment etc.
2) Analysing and evaluating your financial status:-
I analyses your information to assess your current situation and determine what must be done to achieve your goals. This assessment could include analyzing your assets, liabilities, cash flow, current insurance coverage, investments or tax strategies.
3) Developing and presenting recommendations and/or alternatives:-
After analysing your financial status, I will develop and present a customised action plan for you. It will take 7-10 working days based upon level of work required. It includes strategies and recommendations to achieve your goals, objectives and requirements.
This is your decisive Action Plan which shows the mirror on current financial situation and future roadmap. I will explain on existing investment, cashflow, removing of unproductive investments, strategies to achieve goals and new recommendations. I urge you to understand Action Report properly and clarify it.
Before final 4th step, let me brief you the importance of next step and its objective through real life example. You are sick and visit doctor’s place. Doctor does check up and tells you to do some medical tests for further diagnosis. After medical test and proper examination, doctor tells you to take certain precautions and medicines. You haven’t taken medicine and ignore doctor’s advice. Now, what will happen to your health? You know its adverse consequences.
Same practical example is applied in this process also. I examined your finance, understand your needs and requirements, give Action Plan with customised strategies and recommendations and afterwards if you haven’t implemented then what will happen to your personal finance health? 4th step gives its answer.
4) Implementation of recommendations:-
One you understand the full action report along with strategies and recommendation, the important step is to implement the plans. As I mentioned in my profile “About Me”, you will responsible to implement the action plan. I will guide the best possible ways you to implement my recommendations in best possible ways.
5) Review the financial planning recommendations:-
Planning is a dynamic and ongoing process and it needs timely review. Hence, I will review the action plan annually to ensure you are on the right path. If required, I will revise the action plan in case of change in goals, major earning issues, family needs or any other factors.
Suitable for: if you are serious about personal finance and want to streamline overall personal finance comprehensively with clear road map of financial journey then this service is for you. This is a holistic service which covers your 360 degree personal finance. This service is also suitable for you if your wants ongoing hand holding support, unbiased guidance and proper discipline approach towards personal finance.
You can reach me out by phone call or email. I will try my best to reward you back within 24 hours through email except on holidays.
3] Retirement Planning:
Retirement is utmost important aspect of anyone’s life. Ideally, 30 years of working and 30 years of retirement life is a general tendency in our life. You can get loan for every goal but you will not get any loan for your own retirement corpus. Retirement Planning is such a crucial process to live post retirement life. Inflation is increasing day by day and amount which you need today to meet your monthly expenses will be much higher after your retirement and that period you will not have regular income. Therefore, proper roadmap to create retirement corpus is necessity. Firstly, I gathered all your financial information related to your retirement. Afterwards, I analyse in-depth with considering your current financial position and your risk tolerance level. I provide customised retirement action plan with recommendation of products and instruments. As I informed earlier, implementation of customised retirement action plan is your responsibility and you are free to implement through any medium. I will guide and help you to implement the plan in best possible way.
Suitable For: This service is suitable to for individual who wants to have proper plan for his retirement.
4] Investment Planning through Mutual Funds:
Mutual Fund is the new age of investment tool. Many times you buy mutual funds without proper analysis, suitability, risk profile assessment and investment time horizon. Selection of funds is a crucial aspect which requires detail knowledge and appropriate tools. Firstly, I gathered current mutual fund holdings, then we analyse in-depth with considering risk profile and tolerance level, time horizon or life goals and asset allocation. I provide analysis report with new or updated mutual funds recommendations within 5-7 working days. If you do not have mutual funds investment and want to start mutual funds investment, I will give you the recommendation of mutual funds based on your risk profile assessment, suitability and investment time horizon.
Suitable For: This service is suitable to for individual who wants to review current mutual funds or wants to invest in mutual funds with proper fund selections and planning.
5] Estate Planning:
Estate planning is the process of determining what will happen to your assets when you pass away or become incapacitated. Good estate planning will ensure that your assets are appropriately distributed and that your loved ones will continue to be taken care of in the event something happens to you. When planning your estate, you could use tools such as a will, setting up trusts, establishing power of attorney, and other special structure vehicles. Everything you own or would own after your death forms part of your Estate. When you plan for your Estate you decide what goes to whom, when, how?
The Estate Plan is an essential document and primary level of Estate Planning. Estate Plan allows you to protect and provide for those you care about after you have passed away or for yourself if you become incapacitated. It includes Will, Power of Attorney, Letter of Guardianship. It allows Identify someone you trust to make decisions for you if you become incapacitated, Specify who will care for your minor children if you’re unable to do so, Specify who will care for your specially-abled child if you’re unable to do so.
Many time the question arise that who need the Estate Planning? The simple answer is “YOU”. If you’re young and single, you may need only a few relatively simple items, like nominations, ‘Financial Power of Attorney’ & a ‘Will’. If you are married, you might require ‘Mirror Wills’. If you have children, you need a ‘Letter of Guardianship’ to name a guardian. If you have substantial wealth, you may need one or more trusts to help control how your assets are taxed, managed, and distributed.
I provide Comprehensive services related to your Estate:
- Will Writing, Will Safekeeping, Will Executorships, Will Administration, Will Review and Revision, Will Probate.
- Trust Deeds for Minor Trusts, Special Child, Business Value Protection, Credit Protection, Regular Trust, Special Child Trustship and other trust related services.
- Letter of Administration, Letter of Succession, POA Drafting and Safe Keeping.
- Estate Planning Advisory Services.
Estate Planning services and fee related query, kindly contact at: +919825747771 or email@example.com