How Can I Find A Qualified Financial Planner?
April 20, 2016Finding a Financial Planner Qualified to Handle Your Estate The birth of the financial planning industry started with salesmen of financial products including specific investments, life insurance, and annuities. Sales professionals performed some planning on behalf of their customers in order to determine their needs and select suitable products. This planning was usually performed at… Read more »
How Does Your Level of Wealth Impact Your Planning?
April 18, 2016The greater your level of wealth, the less concern you have about meeting basic needs such as food and shelter, and the more freedom you have to pursue personal growth, achievement, and a personal legacy. Abraham Maslow developed a hierarchy of human needs that provides a corollary to a person’s financial planning needs (see chart… Read more »
What is Financial Scenario Development?
April 16, 2016You Need to Learn About Financial Scenario Development The most profound contribution financial planning can make to life planning is in the creation of financial scenario development. It supports the client’s review of what approach makes sense for developing a life change agenda. It is here that a number of possible scenarios and contemplated decisions… Read more »
What are the Costs of Failing to Plan Financially?
April 14, 2016Failing to plan can result in both emotional and fiscal costs. “If you fail to plan, you are planning to fail” Benjamin Franklin’s quote applies to many choices we make – including personal finances. If we don’t take his message to heart, then a lack of planning can be costly. There are traditionally two paths one will… Read more »
What Are the Costs of Financial Planning?
April 12, 2016Costs of Financial Planning Financial planners can get paid in a variety of ways. None of these compensation methods are necessarily better than another but it is important to understand the costs of financial planning. The important thing is to have a clear explanation and understanding about how your particular advisor is paid, including full… Read more »
How Do I Prepare for Financial Planning?
April 08, 2016Time to prepare for financial planning The most important part of a financial plan is deciding what matters most to you-this is step one as you prepare for financial planning. Your financial planner should provide you with a comprehensive set of questions on a wide range of topics to help you shape your answers. Take… Read more »
Create Your Family Vision of Wealth
April 06, 2016Create Your Family Vision of Wealth and Make it Personal Having a formalized process allows you to reflect on what is most important to you and your family. It also affords the opportunity to break your vision into smaller goals and objectives so they can be prioritized and successfully completed. But how do you marry… Read more »
Why Do People Fail To Do Financial Planning?
April 04, 2016Don’t Fail to Do Financial Planning When did you last do your financial planning ? The progress at which financial planning in India is growing is nothing to be proud about. It is no doubt slow and the reasons are many and varied. I have tried to jot down some reasons why people avoid financial… Read more »
I Often Hear the Term “Wealth Management” the Same as Financial Planning?
April 01, 2016Is wealth management the same as financial planning? The term “wealth management” means different things to different advisors. However, in most cases it encompasses a broad approach to assisting individuals and families to accomplish their financial goals. Specific disciplines within the wealth management process may include financial planning, investments, risk management, and estate and legacy… Read more »
What is Financial Planning?
March 30, 2016What is Financial Planning? Financial planning is probably one of the most future-oriented activities in which you will participate during your lifetime. Because it looks ahead to the unknown, it can also be an intimidating task. It requires you to determine where you want to be financially at different points in time in the years… Read more »