3. Age to celebrate and enjoy with very little responsibilities!
Rahul in 2001
Age :25yrs
Salary: Rs.5000 p.m.
Job: Accountant
Movies Rs.200pm; tickets @Rs.30 ;
Largely spends on cloths, shoes, dining out
Bike Petrol Rs.200 pm @Rs.27.54/lit
No Savings
No loans
Goals : Buying a Car
4. Family man with increased responsibilities and worries!
Rahul in 2014
Married to Swetha
Daughter 3 yrs old
Salary Rahul Rs.30,000p.m. Swetha Rs.25,000p.m
Movies Rs.1500pm tickets @ Rs.150!
Car – Petrol Rs.1800pm @ Rs.74.80/lit
Rs.7500 pm EMI for car loan
Pays Rent Rs.7500p.m.
SIPs for Rs.3000p.m.
Goals: Buying a Flat
Daughter’s Education
Daughter’s Marriage
Holiday in Europe
5. Changes in Rahul’s Life
Single to Married with kid – Marital Status
Bike to Car; local theatre to mall – Lifestyle
Petrol Charges Rs.27.54 to Rs.74.80 – Inflation
Buying Home; Daughter’s Education – New Goals
Salary from Rs.5000 to Rs.30,000 – Career
Progress
No Savings to SIPs – Wealth Creation
No Loans to Car Loan – Borrowing from Future
6. Rahul work for 30 years to meet all his goals, living needs and finally
have to save for the next 30 years of retirement
Rahul’s Future
No Income – 30 yrs
8. Rahul’s Concerns
How to mange increasing expenses?
Should he go for a home loan?
Which is the best investment?
How to meet the Goals?
How to reduce taxes?
How much insurance is required?
Will there be enough to live through
retirement?
…….and more will be there….
10. Financial Planning is the Long-term process of
wisely managing your finances so you can
achieve your goals and dreams while at the same
time negotiating the financial difficulties
that inevitably arise in every stage of life
Financial Planning
11. Financial Planner
Accountant X
Stockbroker X
Insurance agent X
Financial planner
A financial professional who uses the
financial planning process to help client meet
his/her life goals.
Client’s needs drive the planner’s
recommendations
―big picture‖ at the heart of each
decision — what’s best for the client
12. Qualities for Financial Planner
Behavior
• Listener
• Empathetic
• Responsive
• Solution
oriented
• Ethical
Knowledge
• Financial
Analytics
• Certification
• Product
Knowledge
Marketing
• Ability to write
well
• Creative
• Communication
Skills
• Organizing
Skills
13. Financial Planning in India
Nascent Stage
Few institutions engaged in fee based
services
Mostly Goal Planning
Focus on revenue through product sales
Lack of Technology
Narrow Product Spectrum
Awareness through Media initiatives
14. Career Scope
Around 3.5 crore tax payers
1 lac + Financial Planners @ 300clients/FP
Charter members give preference to CFP
certificants
Banks and other major institutions are
setting up exclusive financial planning
services
New profession – SEBI Registered
Investment Adviser
15. Current Career Opportunities
FP Practice
Wealth Management
Financial Product Management
Trainers
Para planning
16. Progno Financial Planning Systems (P) Ltd
2nd Floor l RF Complex l Deshabhimani Road l Kaloor l Cochin 682017
Phone (+91) 8590003555 l 0484-3931782
Email: hr@progno.co.in
www.prognofp.com https://www.facebook.com/prognodirect
Contact