Financial Planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a house, saving for your child’s higher education or planning for retirement.
The Financial Planning Process consists of six steps that help you take a ‘big picture’ look at where you are currently namely;
1.Establishing & Defining Client Planner Relationship,
2.Gathering Client Data including Goals,
3.Analysing & Evaluating your Financial Status
4.Developing & Presenting Financial Planning Recommendation and/or Alternatives,
5.Implementing Financial Planning Recommendations
6.Monitoring Financial Planning Recommendations
Using these six steps, you can work out where you are now, what you may need in the future and what you must do to reach your goals. The process involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plan.
The Benefits of Financial Planning
Financial Planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you pay off your mortgage faster or it might delay your retirement significantly. By viewing each financial decision as part of the whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.
Who is a Financial Planner?
A Financial Planner is someone who uses the Financial Planning process to help you figure out how to meet your life goals. The Planner can take a ‘big picture’ view of your financial situation and make Financial Planning recommendations that are suitable for you. The Planner can look at all your needs including budgeting and saving, taxes, investments, insurance and retirement planning. Or, the Planner may work with you on a single financial issue but within the context of your overall situation. This big picture approach to your financial goals sets the Planner apart from other Financial Advisors, who may have been trained to focus on a particular area of your financial life.
Your Comprehensive Financial Plan will give clear Picture about your :
- Net worth
- Asset allocation
- Child education & marriage Planning
- Retirement Planning
- Insurance Planning
- Tax Planning
- Cash flow planning
- Estate Planning
Investing in the market today can help you reach your future dreams, such as saving for retirement, education or even world travel. Whether you already know a lot about the market or you want someone to help you make sense of investing, Money Multiplier Advisor can help you towards achieving your goals.
We can advise you on a variety of optimum investment products that match your needs and tolerance for risk including:
- Mutual Funds
- Life Insurances
- General Insurance
- Wealth Management
- Structured Products
- Private Equity
- Corporate Fixed Deposits
- Tax Free Bonds
- Personal Finance
- Project Finance
- Protection Planning
Reaching your financial goals involves protecting your assets as well as managing them. At Money Multiplier ,we ensure that your loved ones and things which are valuable to you are protected at all times. We provide you with unbiased and personalized advice that helps you choose the best protection solution to fit your needs.
We can make recommendations on suitable protection plans across:
- Life Protection
- General Protection
Managing your liabilities is just as important as managing your assets and investments. Whether you’re buying a home, refinancing your existing home loan, purchasing a car or planning for your other expenses, We gives you an unbiased view and help you choose a solution to support your financial goals including support on :
- Loans advisory
- Real Estate advisory