Financial Planning

                                                        COMPERHENSIVE  FINANCIAL  PLANNING                                                   

Creating and implementing a comprehensive financial plan will keep you focused on your goals and what is needed to achieve them.   Now, more than ever, people need sound financial advice. Importantly, that advice should extend well beyond the realm of investments to include and be coordinated with other critical areas of your financial life. . As a comprehensive financial planning firm we analyze and make recommendations in all of the major areas of financial planning which include:

  1. Assessment of your current financial situation
  2. Financial Plan creation and implementation
  3. Investment Advisory
  4. Financial Goal Setting and Planning
  5. Periodical  Review of Financial Situation
  6. Cash  Flow Management
  7. Assets and Debts restructuring
  8. Educational Planning
  9. Retirement Planning
  10. Investments Planning
  11. Tax Planning
  12. Risk Management –Insurance
  13. Estate Planning/Preparation of WILL etc


We offer a wide range of financial services based on each clients’ individual needs. Our investment recommendations will address your cash flow needs and timeframes, occupation, tax status, risk tolerance, goals and objectives. We strive to keep each client’s portfolio as low cost and tax efficient as possible.

Typically we begin our engagement with a new client by developing a Comprehensive Financial Plan, which analyzes all facets of your financial situation. The comprehensive process provides for periodic updates, to review changes to your spending requirements, employment options, investment returns, health conditions, or other changes to your personal financial situation. These updates are extremely valuable to understand the impact on your future. Below is our process that we use to engage our clients. Steps one through four take approximately one month  time and is a very comprehensive and detailed process where we will need to ask questions to clarify and understand your information. Once we have a handle on the data, we will analyze it and develop recommendations in each area listed above and present these back to you. Clients are responsible for the implementation of the recommendations, with our help if you choose.

The Comprehensive Financial Planning Process                                                                                                   

Step 1. Establish and Define the Client-Planner Relationship
Step 2. Gather Client Data (Goals, Objectives, Concerns, Values, Information from Client Questionnaire, Tax Returns, Statements)
Step 3. Analyze and Evaluate the Client’s Financial Status
Step 4. Develop and Present Financial Plan with Recommendations
Step 5. Implement Recommendations from the Plan
Step 6. Monitor the Financial Plan Implementation Process

Comprehensive Financial Plan Elements                                                                                                               

The flowing elements of a financial plan are typically what we evaluate and analyze. Our financial plans are customized for our client individual needs and may include many of these elements and some others not listed below. This is an example to give you an idea of the depth and breadth of our process.

Cash Management                                                                                                                                                    



  • Provide advice on cash surplus or deficits.
  • Monitor your net worth to ensure the financial plan is working to preserve and grow your assets.
  • Monitor debt reduction including mortgages, home equity loans, and other debts.
  • Plan for future cash flow needs for cars, homes, vacations, home improvements, weddings, etc.

Education Planning                                                                                                                                                 



  • Monitor and provide guidance regarding different types of education investments.
  • Evaluation of the universe of vehicles for educational savings and selection based on individual needs..
  • Monitoring specific educational institution costs to ensure proper funding.
  • Monitor student’s age to ensure investments are properly allocated and diversified based upon client’s risk tolerance and time horizon.
  • Provide guidance and advice on educational loan

  Tax Planning                                                                                                                                                          


  • Monitor and advise on selling investments for capital gain/loss planning.
  • Provide advice on eligibility for all retirement plan options using deductions related to your options.
  • Provide advice on the feasibility and tax benefits of various tax savings schemes
  • Monitor tax law changes and their impact on your overall situation including tax, retirement, education, and estate planning.

Risk Management                                                                                                                                                    



  • Analyze your life insurance needs based on changes to income, health condition, stage of life, investment portfolios, education needs, and goals & objectives.
  • Provide guidance on property and casualty policies for proper levels of coverage.
  • Provide advice and guidance for long-term care insurance, types of coverage, riders, cost benefit analysis and how to acquire the coverage if needed.
  • Provide advice and guidance on eldercare issues.
  • Provide advice regarding disability to plan for loss of income.

Retirement Income Planning                                                                                                        


After a lifetime of working, saving and investing for your retirement, you want this major life transition to be a success. Your financial focus up until this point has been on accumulation – and now the income distribution phase of your retirement planning begins.

We combine our retirement planning knowledge and strong tax planning background to develop a customized retirement income strategy that is tax savvy. By understanding and utilizing the tax code to your advantage, we have the ability to consistently add value to our client’s investment portfolios by using tax efficient withdrawals in retirement.

We utilize a seven step retirement income planning strategy that helps you balance risks with the need for inflation-adjusted income that will last throughout your retirement. Your retirement income plan will be dynamic and will flow with the actual contours of your life - not the other way around.

Retirement Planning Steps                                                                                                                                           

Seven main steps to ensure your secure retirement are:

  • Retirement goal setting
  • Assessing current financial position
  • Identifying retirement income sources
  • Evaluating retirement risks
  • Understanding healthcare issues
  • Investing retirement assets
  • Managing retirement income
  • Review and update your goals, objectives, and priorities to analyze the impact of these changes on your overall financial situation and future security.
  • Provide advice regarding timing of pensions, various pension payout options, and other sources of income as you approach retirement.
  • Update financial projections to monitor the effect of stock and bond markets, changes to cash flow needs, risk tolerance and other variables.

Investment Planning                                                                                                                                               



  • Review risk tolerance to ensure your portfolio is appropriately allocated.
  • Review specific investment holdings for risk, performance, expenses, tax efficiency and structure of capital gains and losses.
  • Provide advice for rebalancing of investment asset allocation as needed to fit risk tolerance and time horizon.
  • Research the mutual fund and ETF universe for potential additions or replacements.
  • Provide performance reporting on your investments.

Estate Planning                                                                                                                                                      

  • Review estate planning documents to verify they are up to date and coordinate with financial plan.
  • Assist estate planning attorney with financial planning data to meet your needs.
  • Coordinate with client’s estate attorney to ensure that goals are aligned.
  • Perform Beneficiary analysis for retirement accounts and insurance policies.
  • Provide and/or monitor gifting strategies.
  • Monitor changes to ownership of assets during acquisition or after a marriage, divorce, inheritance, or other significant life event.
  • Periodically prepare client for critical life events such as the death or incapacity of a spouse or parent.
  • Assist client to prepare "WILL"

Typically a comprehensive financial plan takes 10-15 hour of consulting to develop depending upon the complexity of your financial situation. We would be glad to meet with you to discuss your financial situation and give you our objective opinion of the most effective method of advising you based on your needs and goals

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