Financial planning is a step-by-step approach to meet one’s life goals. A financial plan acts as a guide as you go through life’s journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.

There are numerous practical benefits to financial planning. It helps you to:
• Increase your savings: It may be possible to save money without having a financial plan. But it may not be the most efficient way to go about it. When you create a financial plan, you get a good deal of insight into your income and expenses. You can track and cut down your costs consciously. This automatically increases your savings in the long run.
• Enjoy a better standard of living: Most people assume that they would have to sacrifice their standard of living if their monthly bills and EMI repayments are to be addressed. On the contrary, with a good financial plan, you would not need to compromise your lifestyle. It is possible to achieve your goals while living in relative comfort.
• Be prepared for emergencies: Creating an emergency fund is a critical aspect of financial planning. Here, you need to ensure that you have a fund that is equal to at least 6 months of your monthly salary. This way, you don’t have to worry about procuring funds in case of a family emergency or a job loss. The emergency fund can help you pay for varied expenses on time.
• Attain peace of mind: With adequate funds at hand, you can cover your monthly expenses, invest for your future goals and splurge a little for yourself and your family, without worry. Financial planning helps you manage your money efficiently and enjoy peace of mind. Don’t worry if you have not yet reached this stage. If you are on the path of financial planning, the destination of financial peace is not very far away.

Financial Planning is an ongoing process to help you make sensible decisions about money that can help you achieve your goals in life; it’s not just about buying products. Our services cover various aspects of planning: • Risk Profiling • Review of existing assets and liabilities • Counselling for removing unproductive assets • Assessment of Financial Goals (retirement, child education, home purchase, etc.) • Prioritization of Financial Goals • Goal Affordability • Goal-based Investment Advice • Customized Asset Allocation • Emergency/Liquidity Planning • Detailed Investment Plan (including mutual funds, and other products) • Review of Existing Life Insurance products; Review of existing Health and Disability Insurance • Insurance Adequacy Assessment

Financial Planning is an ongoing process to help you make sensible decisions about money that can help you achieve your goals in life; it’s not just about buying products. Our services cover various aspects of planning: • Risk Profiling • Review of existing assets and liabilities • Counselling for removing unproductive assets • Assessment of Financial Goals (retirement, child education, home purchase, etc.) • Prioritization of Financial Goals • Goal Affordability • Goal-based Investment Advice • Customized Asset Allocation • Emergency/Liquidity Planning • Detailed Investment Plan (including mutual funds, and other products) • Review of Existing Life Insurance products; Review of existing Health and Disability Insurance • Insurance Adequacy Assessment

Consider a visit to your doctor. Without complete and fully accurate details, your doctor cannot prescribe the best course of action. The same applies to financial planning as in order to obtain the best service for your “financial health,” all details and specifics must be disclosed so that the solution is customized according to your needs.

No income is enough if one doesn’t have control over one’s expenses. Everyone has some financial goals to achieve in life, some are certain and some can be avoided or postponed. It’s all about priority. This is where financial planners come in handy who offer you customized solutions so that you can achieve your goals efficiently and attain financial freedom.

Wealth management is a comprehensive financial planning service that goes beyond just investing. 

It considers your overall financial picture, including your income, expenses, savings, investments, taxes, and estate planning.