Financial planning is a client-focused process that helps individuals achieve their life goals through effective management of finances, covering areas like saving, investments, and retirement. The process involves establishing a client-advisor relationship, assessing financial health, and creating tailored strategies while always prioritizing the client's best interest. Seeking professional guidance becomes crucial in evaluating risks, adjusting plans due to life changes, and improving overall financial management.

1. Financial Planning
Helping For Your
Financial Goals

2. • Financial Planning is the
process of meeting your life
goals through the proper
management of your
finances.
• Financial planning is a client-
focused process for helping
the client achieve his or her
financial goals.
• Financial planning can help
assess every aspect of your
financial life—including
saving, investments,
insurance, taxes, retirement,
and estate planning.

4. Need Of Financial Planning
http://www.elitewealth.in

5. • Sharing your Life Goals, values and
philosophies about money and
finance with your planner.
• Cultivating a relationship with your
planner based upon natural trust
and respect.
• Determining your net worth by
identifying all of your assets and
liabilities.
• Gathering detailed information
about your daily, monthly and
yearly expenditures.
• Constructing a cash flow statement
based on your income and
expenses.
• Analyzing your spending habits and
developing a workable budget that
you can sock to.

6. • Gathering and Analyzing Financial
statements from banks and brokerages,
estate documents insurance policies real
estate holdings and employee benefits
plans.
• Discussing various life planning
assumptions identify short & long term
goals then mapping out various paths to
take to realize those goals based upon
these assumptions.
• At all times during this process, your
planner will be acting as a fiduciary
agent for you- your best interest will
always be paramount.

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Establish a
Client –
Advisor
relationship &
define the
scope of
services.
Analyse the
Risk Appetite
and Current’s
Financial
Health of the
Client.
Understand
the Client’s
Life Goals.
Develop
appropriate
strategies to
achieve the
Goals.
Discuss the
strategies with the
client and select
appropriate
strategy
Submit the
recommendations
to the client.
Implement and
Monitor the
Planning
Decision.

8. • Insurance Planning
• Retirement Planning
• Tax Planning
• Education Planning
• Investment Planning
• Estate Planning

9. • Financial planner is someone who
uses the financial planning process
to help you figure out how to meet
your life goals.
• The planner can take a “big picture”
view of your financial situation and
make financial planning
recommendations that are right for
you.
• The planner can look at all of your
needs including budgeting and
saving, taxes, investments, insurance
& retirement planning.

10.  Aggressive Investors should hold stocks,
Conservative Investors should hold bonds.
 Long-term Investors can afford to take more
stock market risk than short – term investors.

11. • Yes, You need expertise you don't possess
in certain areas of your finances. For
example, a Planner can help you evaluate
the level of risk in your investment
portfolio or adjust your retirement plan
due to changing family circumstances.
• You want to get a professional opinion
about the Financial Plan you developed
yourself.
• You have an immediate need or
unexpected life event such as a birth,
inheritance or major illness.
• You feel that a professional Advisor could
help you improve on how you are
currently managing your finances.
• You know that you need to improve your
current financial situation but don't know
where to start.