What does Financial Plan contain? : Ideal plan cover... Analysis of your risk-profile, IELA, Net worth, Financial health, Asset allocation, Risk & wealth protection requirement, Portfolio analysis with product advisory.

IMP-OST : 3rd Sep, 2012     ( Post  4 of 7 )

Special edition - Financial planning


Normally financial Plan contain following information :

• Your risk profile analysis
• Analysis of your income, expenses, assets & liabilities ( IELA )
• Net worth analysis
• Financial health analysis through difference financial ratios.
• Asset allocation analysis
• Risk protection requirement analysis
• Retirement Plan with Pension Cash Flow 
• Children education planning with protection 
• Children marriage planning with protection 
• Emergency fund planning 
• Checking health and life insurance adequacy 
• All goal planning with proper recommendations 
• Asset allocation recommendation 
• Product advisory as per requirement which also include exit from un-suitable / low performing products in addition to new product recommendations.
• Portfolio re-building, make-over, balancing as per short term, long term goals & dreams.
• Action plan for next one year.
• Assistance for “Will” creation 

Please note that, financial plan is generally worked out financial planner after signing of "letter of engagement" which is mutually agreeable. The said agreement is document of mutual trust.

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