Financial Planning
An average individual makes 1200+ financial decisions every year
OUR CUSTOMERS GET MOST OF THEM RIGHT
We all need to be in control of our money, but too often - money controls us. This can happen when we have no clear idea of what we want from our life, and no real plan to help us achieve it.
At Yieldcapitals we deliver Holistic Advice That Covers All Aspects of Personal Finance.
At YC, we will help you realise your personal and financial objectives. By developing a clear financial plan we will provide you with the structure to help you achieve what you really want from life.
The first stage is to know what you are trying to achieve. Understanding People Before Numbers....
Financial planning involves some important steps:
Clarify the client’s present situation by collecting and assessing all relevant financial data, such as lists of assets and liabilities, tax returns, records of securities transactions, insurance policies, wills and pension plans.
Analyzing the client’s current situation and negotiating realistic goals. These may include providing for the children's education, supporting elderly parents or relieving immediate financial pressures which would help maintain the client’s current lifestyle and provide for retirement. These considerations are important in determining the best financial planning strategy.
Identify your client’s goals and objectives, which includes short term, medium term & long term goals ; most important of which is retirement planning
Identify financial problems that can create barriers to your client’s financial independence - such as too little or too much insurance coverage or a high tax burden. The cash flow may be inadequate, or the current investments may not be winning the battle with changing economic times. These problem areas must be identified before solutions can be found.
Based on the risk profile of the client plan & provide a long term investment strategy to help achieve those goals
Provide periodic review and revision of your plan to assure that the goals are achieved to account for changes in your client’s life and fluctuating economic conditions.
Our Financial planners help its Associate to embark on this journey of Financial Planning with the help of simple but intelligent tools on its platform to complete the entire financial planning process in a structured & professional manner to achieve financial freedom and financial stability.
FINANCIAL PLANNING BENFITS - Financial Freedom............
- Improves risk management
- Improvement in portfolio return on investment (ROI)
- Proper Usage of the metrics to manage your money better
- Identify good and not so good areas
- Reduce your cost of personal finance
- Discipline in managing money
- Measure and improve asset allocation
- Clear Future visibility
- Estate distribution and planning
- Professional approach