The various sections of the plan are closely integrated to each other. We provide our recommendations along with an action plan which puts in place the various tasks to be performed from your and our side. Your detailed financial plan shall have the following sections, along with advisor’s opinion on each
- Financial Health assessment
- Cashflows Management
- Goals Planning (includes retirement planning and life cash flows)
- Investment management (asset allocation and risk profiling)
- Insurance Planning
- Tax Planning
Financial Planning is an ongoing process. Since the financial situation and goals may change over a period of time, the plan needs to be periodically reviewed and any changes that have future implications are required to be integrated in the existing plan. Hence, the first plan should not be considered final or definitive, but as part of the long term planning process.