Planning is the process of thinking about and organizing the activities required to achieve the desired goal.
A financial plan is an estimation of the amount of capital needed and its composition. It is the process of meeting your financial goals through proper management of your finances. Financial goals can include buying a home, savings for your child’s education, planning for your retirement.
- Having a much higher confidence in where you are going in life.
- Reduce stress levels and Start enjoying more
- Gain control and peace of mind by knowing whether you are on track for the future you want for you and your family.
- Wealth Creator understands that the financial needs and goals can change throughout life, so we provide customized plans to serve your investment objectives and minimize risk.
Our approach to financial planning is easy and straightforward. The first stage of our interaction aims to evaluate the current position of the client which includes cash flow analysis, calculating the net worth, reviewing insurance coverage for life, home, auto, health etc.
Wealth Creator goes about clearly establishing the objectives of the financial plan so that several goals can be balanced. The goals could be short, medium or long-term and could include child’s education, marriage, retirement etc.
We then work out a clear strategy in line with your objectives and risk tolerance. Drawing up a winning asset allocation so that your financial goals are met. We will assist you in the process of implementing the plan by suggesting the optimal mix of products and services that are essential to the success of the plan.
Once the plan is implemented we will monitor and periodically report the progress and measure the results achieved.
Financial planning is a dynamic process. The plans are reviewed as per the need of the client and based on the changes in the market to see if any modifications are required due to changes like inheritance, change in job status, birth or death in the family etc.