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Financial Planning

Financial planning involves looking at the entire financial picture to achieve short-term and long-term financial goals. From saving for education and planning for retirement to effectively managing expenses, we as financial planners develop valuable client-specific goals to provide confidence in the overall financial picture and assist in executing this plan as market cycles change throughout the years. 

Financial Planning is a Five-Step Process

According to the financial planning pyramid, a derivation from Maslow’s Hierarchy of Needs, the five steps can be categorized as:​

Managing your money: where the focus is on your daily expenses, reducing debt, and establishing a stable cash flow.

Building a safety net: where the focus is on creating your emergency corpus, growing savings, and opting for adequate insurance coverage- both health and life.

Accumulating wealth: where the focus is on growing your investment portfolio and retirement corpus and utilizing tax benefits and exemptions efficiently.

Preserving wealth: where the focus is on enjoying financial independence by converting retirement corpus into income and maximizing pension earnings.

Leaving a legacy: where the focus is on estate planning, succession, and continuity planning along with philanthropy.

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