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.
You can book appointment for phone call on: https://calendly.com/urmiltrivedi89
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 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.
My availability as your guide and advisor is for full one year. 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] 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.