Budgeting Basics Essential Strategies for Financial Stability.pdf
2016 financial planning process
1.
2.
3. Through Asset Allocation we help our clients build their Net Worth By :
Increasing family financial security.
Preserving life savings against rising medical cost.
Creating income replacement alternatives.
Accumulating wealth, build cash flow and reduce tax.
Ensuring retirement would not outlive savings.
Maximizing estate distribution through wills
and trust.
4. Ages 20 30 40 50 60
Phase I
Phase II
Phase III
Phase I: Protection & Estate Creation
*economic life value *liabilities *disability *major medical *life insurance
*bank saving
Phase II: Wealth Accumulation & Multiplication
*child education *stocks *retirement *bonds *unit trust *property
*currencies
Phase III: Wealth Management
*estate planning *family succession planning *security advisory *trust *pte
banking *corp trust *tax min
6. Vision : Set Financial Goals
Net Worth : Find out where you stand financially, how
much you are worth
Analyze : What are your weakness and strengths
What strategies and products can you use to
improve your financial situation
Game Plan : Work out a Strategy. Don’t forget Alternatives
Take Off : Set a starting date for plan, and stick with it
Review : Monitor and Revise Strategy regularly vis-à-vis
external factors like the Economy and/or any
changes in personal situation
8. Knowing You
We begin by knowing you and understand your dreams, aspirations, values
& beliefs.
Your Financial Goal
Your financial goals would be mapped out as we consolidate all that you
have
done so far.
Mapping out a Financial Plan
Knowing your Goals, a Portfolio consisting of Saving, Insurance, Investment,
Will & Trust would be constructed.
Implementation and Review
Time line for implementation would be preset as not all plans would be
Exercised concurrently.
Review dates would also be preset at least once every 6 months as
Circumstance may change with time.
