Personal Financial Planning is the answer to all your worries related to Money Management.
It will give Direction to your Savings towards your life goals, make you Invest in a correct manner in the
most suitable products, helps you manage your debts well and Keeps you Organized in the Money Matters.
Dr. Sachin Gupta
Mr. Vishal Chalana
Mr. Yuvaraj Mahajan
CEO, Darshan Chemicals, Mumbai
Financial Planning Simplified
Great Financial Life starts with Good Money habits. Financial Planning makes your Life Simple, Disciplined and Goal Oriented
We all have made our Life Complex. With the Busy Life Style and demanding work life, it is getting difficult to focus on Personal Finances. and when you find time, the plethora of Investment products available, the noise around from TV shows and Newspapers, advise from Friends and Family, end up in more Confusion.
Financial Planning will look at your life Holistically, Analyse your Cash flow, Net worth, Risk profile, understand your assets and Liabilities,helps you prioritize your goals and builds a suitable structure so you can manage all areas of personal finances well and finally achieve your long and short term goals comfortably.
It has experienced that even if one feels that he is doing well and can manage all money matters himself, but when one grows in Professional Life, Personal financial management gets compromised easily. So a professional help , and a structured approach in the form of Financial Planning is a Must.
It all starts with collating your financial data in a data sheet to understand your Financial Life holistically. This is to check the inter relationship of different elements in the data.
Post that your Risk profiling is done to understand your risk tolerance and figure out what Investment Asset Allocation would suit you the best.
If you are paying some loans, or have some Insurance Policies and other products already invested in , then those products also be analysed to find if they are the right fit in to your Long and short term requirements,
and all this lead to creation of a document called as Financial Plan. This acts as a Road map to your financial future. In this a detailed Action Plan be written on what to be done and what is to be corrected. What Investments to buy, what to exit from, what loans to continue and what to Pre close and how to make arrangements for the Pre closure.
Goal based Investment Plan be also prepared and suitable Investments product be suggested
Regularity depends on the Complexity one has in its Financial Profile. Generally, it is an annual exercise, but in many cases things have to be reviewed Bi Annually and in some cases after 2 -3 years.
Financial plan may be done after specific Intervals. but Financial Planning is an Ongoing Process. Your Income Changes, Major expense change, Tax structure Change, Changes in Goals and Goal Posts, Changes in Family Structure etc. all calls for tweaking in your Financial Plan if not Redoing it.
You name it, and it should be Part of the Financial Plan. Cash Flow (Income and expenses), Net worth ( Assets and Loans), All Investments, Your Financial Goals (Near, Short, Medium and Long term), Child education/Wedding, Retirement, Taxation, Estate distribution (Will, Trust).
However, what needs to be covered for whom depends on profile and Requirements
We have both the offerings. With and Without Implementation. Its completely your choice. If you feel that you can do the review and monitoring in a better way, then yes save the cost and do it yourself.
Else allow us to Professionally handhold you though our Live RICH Service.
Yes, we do this best. In fact 90% of our clients prefers this online route only. We are in touch with them through Skype, Phone, Email , Google hangout, WhatsApp etc. Things are going smooth. In this Fast Paced world, no one has time for personal meetings, and with technology we reduce the distance and provides cost effective advice.
There is nothing FREE in this world. In fact there's a saying that if you are getting something for FREE then You are the Product. No professional will Serve you for FREE. However if they are still doing it, then either they are doing Charity work or selling you some Investment products and earning commissions out of it. And they may be earning more than what they could have asked for FEE...this is called Conflict of Interest.
Financial planning is a specialized professional service which is required to be provided by SEBI Registered Advisers only, and you shall not expect Cheap Service from experienced professional.
We are not different still we are among very few Advisers in the country who are Registered with SEBI as investment advisers (Regd no.. INA100001620). This lets us assume the role of Fiduciary to act in client's best interest, and we take this job very seriously. We are also among very few advisers who works on "Fee only"basis...so there should be ZERO chance of any Conflcit of Interest in the Relationship.
Having more than 15 years of experience in this financial services space, we have dealt with many different client profiles from different parts of the world. We have Doctors, IT professionals, Government Servicemen, Defence Personnel, Business persons and NRIs as our clients
No Professional can give guarantee of anything. They only can handle things the best of their Knowledge, experience and Wisdom.
No doctor can give guarantee of curing the patient, No Advocate can give guarantee of winning the case, same way no Financial planner can give guarantee on Investment Return.
What we can ensure is that Process be followed diligently and intelligently provided we keep getting client's Support and responses timely.
We have no restrictions on the client profiles. We are ready to help all those who are ready to be helped. However, we have been serving clients from different parts of the world, across different profiles like IT Professionals, Doctors, Government Servicemen, Defence Personnel, Business Persons, NRIs
To Serve Well, a Good Professional have to have a Professional Team. However, It is also important to be part of each and every financial plan, so one should be aware if the team is doing it in the right way or not.
Moreover, to me it is a profession and not a business. So i personally take care of all my clients. I (Manikaran Singal) involve myself in all the plans and Reviews. In fact i am the one who interacts with all the clients on all Financial planning issues. Implementation /Execution may be done by the team, but I will take care of the Review and recommendations part.
Yes. For those who prefer personal meetings we do have that service option too. In that we meet our client twice at their location, and if they are local then invite them to our Office. Since this may require travelling and also its more time consuming so , the cost of this Service is a bit higher then the online one.
Have more questions?
Let's have a No Strings attached FREE Discussion on your requirements and explain how best we could be able to help you. Fill in your details in the below form, We will Call you.
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