BUSINESS STRATEGY
We follow the Financial Planning Standards while defining our Business Strategy that we will follow while providing financial Advisory to our clients:-
The Financial Planning process consists of the following basic six steps:
– Establishing and defining the client-Planner relationship
We clearly explain and provide all the documentation about the services we provide to our clients in black and white so that he is clearly aware of our and his own responsibilities. We also provide a written schedule of charges which our clients can easily refer in case of any need of a service. We start our services by making our clients sign a Service Level Agreement which discloses any restrictions on our ability to give unbiased advice and any conflicts of interests. The agreement also defines the tenure of our relationship that starts with your consent.
– Gathering client data, including goals
After a detailed discussion and mutual consent, we define our client’s personal and financial goals. We provide them a holistic view of our planning goals and keeping in mind their risk-return matrix we provide them a realistic time frame in which we can achieve the desired results. We make sure we have all the documents and data before we provide you any advice on your financial planning.
– Analyzing and evaluating your financial status
We do a comprehensive and personalized study of our client’s portfolio and analyze their financial situation. Depending on what services they may have asked, we evaluate their assets, liabilities and cash flow, current insurance coverage, investments or tax strategies. Based on our detailed analysis only we plan your financial goals.
– Developing and presenting Financial Planning recommendations and/or alternatives
We offer Financial Planning recommendations that address our client’s goals, based on the information provided by them. Before providing financial advice we like to first listen to our client’s expectations and goals, and then make sure we customize our recommendation appropriately as per their concerns. We make sure we put in front of our client’s alternatives. We make sure we take you through all the recommended choices and make you understand each in detail so that you can make your own comfortable decision.
– Implementing the Financial Planning recommendations
After the entire discussion and analysis, we make sure there is a mutual agreement on how should the recommendations will be carried out. We serve you as a ‘coach’ at each point in time and answer all your queries throughout. We also work in coordinating the whole process with you and other professionals such as solicitors, vendors, brokers, etc.
– Monitoring the Financial Planning recommendations
Personally monitoring the plan progress is the most important part of our business strategy. Your personal advisor report to you personally after each stage of review of the situation throughout the process so that there can mutual adjustment in the recommendations, if needed, as your life changes.