Comprehensive Financial Planning

Comprehensive financial planning involves analyzing your financial health thoroughly and chalking out a blueprint for your financial future. It involves making provision for your financial needs such as child education, marriage, retirement. The plan also takes care of tax optimization, restructuring of debts and provides advice on your assets.

In comprehensive financial planning, it is very crucial to analyse your risk-taking ability and design a financial risk profile. Based on this profile, investment recommendations and other product suggestions can be optimized for you.

Eight important areas are covered under comprehensive financial planning viz. contingency or emergency planning, insurance analysis and recommendations, investment planning and wealth creation, debt management, retirement planning, cash flow management, tax advice and estate planning.

An in-depth cash flow analysis is done based on the current income and expenses, and then projections are made based on certain standard assumptions to derive a proper advice for your future requirements. Investments are suggested based on the risk profile and the financial goals for which you wish to make the investment. Your current portfolio is analysed and required asset allocation is recommended and disciplined re-balancing is advised as required.

Proper risk management is carried out by analyzing your current insurance need, life, as well as non-life insurance, are then recommend as per your needs.

On the investment and insurance front, a thorough research is carried out on the various products and recommendations are made along with the rationales attached to it. Comprehensive financial planning also covers certain scenarios analysis which gives you more insight and helps you take better decisions.