Financial Planning
Last Updated on Saturday, 19 September 2009 16:00
Financial Planning is an area which encompasses a wide range of skills and knowledge such as accounting, risk management, taxation, legal issues, investment, economics and business management.
The key to a successful financial planning practise is completely understanding our client's needs, attitudes and fears so we can determine the most appropriate strategies to benefit them.
How can we support and assist you
We can design a financial plan/Statement of Advice (SOA) that takes you from where you are today to where you want to be in the future, which satisfies your needs and objectives.
We can assist individuals and companies with financial issues through proper planning, including
- cash flow management
- education planning
- retirement planning
- investment planning
- risk management and insurance planning
- tax planning
- estate planning and
- business succession planning (for business owners)
We cater individually to your personal or corporate needs by creating individualized financial plans which are in essence detailed strategies tailored to your specific situation, for meeting your specific goals.
Our Scope includes the following
Risk Management and Insurance Planning
Managing cash flow risks through sound risk management and insurance techniques
Investment and Planning Issues
Planning, creating and managing capital accumulation to generate future capital and cash flows for reinvestment and spending
Retirement Planning
Planning to ensure financial independence at retirement
Tax Planning
Planning for the reduction of tax liabilities and the freeing-up of cash flows for other purposes
Estate Planning
Planning for the creation, accumulation, conservation and distribution of assets
Cash Flow and Liability Management
Maintaining and enhancing personal cash flows through debt and lifestyle management
Education Planning
Education Planning for kids and the family members
We follow a six-step process outlined below
Step 1: Setting goals with the client, identifying where you want to be in terms of your finances and life
Step 2: Gathering relevant information and includes the qualitative and quantitative aspects of your financial and relevant non-financial situation
Step 3: We analyze your information to properly understand your situation to determine your sufficiency of resources to meet your goals as well as determining what those resources are
Step 4: Constructing a financial plan based on the understanding of what the client wants in the future and his current financial status. This is your roadmap to goals achievement
Step 5: Implementing the strategies in the plan using the resources allocated for the purpose
Step 6: Monitoring implementation and reviewing the plan. Review ensures that the plan remains aligned to your goals, or in cases where your situation or goals change, we adapt new strategies and revise the plan according to the new desired outcomes.
