It is the process of estimating capital requirements and determining its competition. It is the process of framing the financial policies in relation to buy, investments, and administration of funds.
Simple word the meaning of Financial Planning is
There are 3 major components in the financial planning process:
Emergency Planning- Continue your existing lifestyle without disturbing your goal planning.
Data Collection, Goal Setting and Current Analysis
Draft a Plan , Finalize the Plan and Product Suggestions
Execute the Plan , Follow ups
Monitoring , Query Solving
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.
Financial planning takes into account various aspects like risk management, investment planning, goal planning, liquidity management, and liability management.
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.
Emergency Fund Analysis
Contingency Planning
Retirement Planning
Contingency Planning
Tax Planning
Contingency Planning
Retirement Planning
Contingency Planning