Financial Planning

PLANNING YOUR FINANCE

Adult life has numerous goals and responsibilities, that need adequate cash flow for fulfillment. The systematic and step-by-step approach to achieve the life-goals is termed as Financial Planning. Whether the goal is to have a better standard of living, planning for your child’s education and marriage, buying a house or car, planning your retired life, or just being secured against future inflation; everything needs timely planning. Because as Alan Lakein said ‘Failing to plan is planning to fail’. We take a comprehensive approach to determine your short and long-term financial goals. Accordingly, we create a secure and sensible plan to achieve those goals.

ADVANTAGES OF HAVING PLANNED FINANCE

Why should you consult a financial advisor

There is a general query in people’s minds about why a financial planner should be consulted!! A financial planner can help to see the bigger picture of one’s monetary situation. Thus, he/she takes a holistic approach towards planning the financial goals, which benefits in manifold :

  • An efficient way of increasing your savings, with better insights into your income and expenses
  • Enjoying a better standard of living without compromising the lifestyle for paying up monthly bills and EMI
  • Creating emergency or contingency funds to take care of urgent family expenses or handling drastic situations like “job loss”
  • Tackling and being prepared for inflations are necessities that a financial planner can help by apt future projections and suggesting investments that offer you better returns over time
  • Having your peace of mind once you have the plan of financial security blanket in place, for seen and unforeseen situations of the future.

 

RSFS APPROACH

Our financial planning approach is meticulously followed through certain steps –

  1. Primarily we establish a relationship with the client through the initial discussions. Here we give clarity about our way of working and gather insights about the client’s goals and needs.
  2. Through our detailed document services we collect required information and data from the client
  3. We do a thorough analysis of the current financial status and risk profile of the client
  4. With all the assimilated information and analysis we formulate a financial plan, having measurable goals to achieve.
  5. A detailed presentation of the plan given to the client with proper explanations and doubt clearing sessions.
  6. The financial plan is implemented after clients agree to it. We coach the client all through the implementation process
  7. Regular review and monitoring are done by us to see how the plan is performing.
  8. Monthly and quarterly reports are provided to the clients regarding the progress of their financial goals. Also, an annual meet with the client is carried out to review and readjust the planning as par need.

FOCUS AREAS OF FINANCIAL PLANNING

Every person has certain milestones in life. We plan our clients’ finance, primarily based on those milestones or focus areas. So that each and every important event and necessity of his/ her life are well secured and safe.

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