What is Financial Planning

Financial Planning is the process of achieving your life goals by using different investment options with your current resources through proper and disciplined money management.Financial planning is not only about money, but it is about life, about fulfilling your wishes, dreams, aspirations and your enjoyment in achieving them.

There are 3 major components in the financial planning process:
a) Current Resources (CR)
b) Investment Options (IO)
c) Financial Goals (FG)

Why Financial Planning

• Time constraint
• Multiple priorities in life
• Limited time to research on investment options
• Lack of complete current economic and macro conditions
• Financial Planning gives personalized investment advice matching your goals

 

Financial Planning Process


MEET

Data Collection, Goal Setting and Current Analysis

PLAN

Draft a Plan , Finalize the Plan and Product Suggestions

IMPLEMENT

Execute the Plan , Follow ups

REVIEW

Monitoring , Query Solving

Financial Planning Investments


    Why invest with us?

    We at GEPL aim to provide you customized advice on Financial investments that ensures all your requirements are met.Our experienced personnel take into account technical and fundamental teams are well poised to advise customers on financial investments.
     

      1.Improves risk management:

      Taking adequate life cover and health cover is critical. When you do financial planning, you can determine the amount of cover you need with greater certainty. Thus you do not overpay for unnecessary insurance and also do not end up with a lower than necessary cover.

       

      2.Improvement in portfolio return on investment (ROI):

      Financial planning takes into account various aspects like risk management, investment planning, goal planning, liquidity management and liability management. 

       

      3.Use the metrics approach to manage your money:

      When you undertake financial planning, you can measure specific milestones on what you have achieved.

       

      4.Reduce your cost of personal finance:

      When you undertake financial planning, you can cut down on many personal finance costs.

        What is Financial Planning?

        Financial Planning is the process of achieving your life goals by using different investment options with your current resources through proper and disciplined money management.

        What are the Components of Financial Planning ?

         1. Risk Profiling
         2. Emergency Fund Analysis
         3. Contingency Planning
         4. Retirement Planning
         5. Tax Planning