How We Work
Have a plan, be rich
This is, perhaps, one virtue that can neutralise the impact of various financial sins. A plan acts as a guide through your financial journey and, even if domestic and global upheavals dent your investments, it will help you get back on track. At the macro level, planning affects every aspect of personal finance, be it taxation, insurance or achievement of goals.
We firmly believe financial planning is simply the process of giving comprehensive, unbiased advice to help clients meet their financial goals.
No matter how much wealth the client may have, the financial planning process covers the same six steps.
We follow a strict code of conduct that means unless we sit down and get to know our clients, we will not give the advice they need.
To get to know clients and their financial aims, a one-to-one meeting is needed to discuss your current financial strategy to benchmark your current saving; pension and investment performances to see which are making the grade and those that are not and why.
This is learning your attitude to risk, ethical investments and your financial concerns like what happens if you fall ill and can't work or will your partner and family have enough money to survive should you die.
The idea is to identify the areas of personal concern and to tailor a personal strategy that deals with the issues you raise. Every client is different and has different financial concerns based on whether they are married or living with a partner.
This is where clients sit down with us and discuss the figures.
Goals are no good if performance can't be measured against them, so your hopes are turned in to realistic and achievable amounts of money within a given time frame. A goal that can be measured is like wanting a pension fund worth Rs. 1 Crore in 10 years. That is measurable, but you also have to balance whether it is achievable in respect of how cash in the fund is invested and whether you are topping up the fund with any more cash.
This is where we work our magic, because from previous meetings, we know you, your financial objectives and your attitude towards money and investments.
You have highlighted when you want to retire and the lifestyle goals that you are aiming to achieve.
Here we will draw up a bespoke strategy for you and then sit down with you to discuss the options.
Once you agree a strategy that meets your goals and budget, we will draw up all the necessary documentation and liaise with the financial providers as your agent.
Once you have a financial strategy in place, the worst thing you can do is just leave it sitting there.
Here we will build in to the strategy a regular review meeting to measure performance against goals and to deal with changes like tax rate revisions, new laws and more up-to-date and effective products coming on to the market.