Financial planning is a process that identifies a person's financial goals and needs, evaluates their existing resources, and designs strategies to help them achieve their goals. It is important because it helps people plan for major life expenses like education, marriage, retirement, and more. The Wealth Planners approach to financial planning involves an initial discovery meeting, a data meeting, designing a customized financial plan, strategy meetings, implementation, and periodic reviews to ensure the plan stays on track over time.

1. F INANCIAL PLANNING
The Wealth Planners Way

2. What is Financial Planning?
Financial Planning is the process of –
• Identifying a person’s financial goals & needs
• Evaluating existing resources
• Designing the financial strategies that help the
person achieve those goals

3. Why do we need Financial Planning?
Child education
Dream car A beautiful house
Holidays and Tours Happy Retirement
Children’s marriage

4. Health
Life
Wealth

5. Fund House/
Customer Agent Distributor Insurance
Company

6. Where is the Financial
Doctor?
Fund
House/
Customer ? Agent Distributor
Insurance
Company
Anybody who is providing Financial Advice for free
is actually not providing Financial Advice

7. Fund
Certified House/
Customer Agent Distributor
Financial Insurance
Planner Company

8. The Current Financial Services Industry
CLIENTS
Advisors
Manufacturers Distribution
Houses •Independent
•Life Insurance Advisors (Insurance
•General Insurance Agents, MF
•Equity Broking Banks/ NBFCs Distributors)
•Mutual Funds •Motilal Oswal •Salaried Advisors
•CA •Edelweiss (RMs)
•Invest. Banking •Reliance Money
•Commodities
Currently, the loyalty of the distributor
lies with the manufacturer as they are
compensated by them.

9. RESPONSIBILITIES LIFE IS A JOURNEY
Children Earning have gone down
Marriage
Children
Education
Buying You have a choice:
House To be independent or
Children Be dependent on somebody
Marriage
Needs Income
20 25 30 40 50 55 60 65 70 80 90 100 AGE
One should plan for each stage of life

10. EARNING LIFE SPAN HAS GONE DOWN
AND LIVING LIFE SPAN HAS GONE UP
Earlier Scenario
40 Years 10 Years
20 60 60 70
Earning Lifespan Retirement years
• Earning lifespan was longer and the retirement lifespan was shorter
• Major responsibilities were met during earning lifespan
Today ’s Scenario
Earning Lifespan Retirement years
25 30 Years 55 55 30 Years 85
• Earning lifespan has reduced and the retirement lifespan has increased
One should plan for longer retirement lifespan

11. Where you are today
Forgot to pay
No idea how to insurance
premium!!! When to Retire ?
claim for
hospitalization
Help me buy a
Car
How much to save for
daughter’s marriage?
Forgot to file
Tax
Is my loan too I should have had a
expensive??? Power of Attorney

12. Comprehensive Financial Plan
Wealth Planners

13. Comprehensive Financial Plan
Emergency Planning

14. Comprehensive Financial Plan
Life, Health, Asset
Emergency Planning

15. Comprehensive Financial Plan
Education, Marriage, Wealth
Life, Health, Asset
Emergency Planning

16. Comprehensive Financial Plan
Early, Late Retirement
Education, Marriage, Wealth
Life, Health, Asset
Emergency Planning

17. Comprehensive Financial Plan
Will, Power of Attorney, Family Trust
Early, Late Retirement
Education, Marriage, Wealth
Life, Health, Asset
Emergency Planning

18. Where we all want to be
Thanks for the I know when to
Claiming for
premium Retire
hospital cost was
reminder
effortless!!
Thanks for the
car suggestion. It
I’m debt free!!!
helped
I’m on track to save for
I avoided Income daughter’s marriage?
Tax penalty
I saved by The Power of
prepaying my Attorney really
personal loan helped

19. The Wealth Planners Way
• Discovery Meeting
• Before we get down to crunching numbers, we will talk about the things most important to you. During this initial
meeting, I will LISTEN to your vision, dreams, values and priorities. With a deep understanding of what’s important in
your life,
• Data Meeting
• During this meeting we review your current financial data and define, together, your personal and short-term and
long-term financial goals. I will begin to assess where you are now relative to your life vision and goals and consider
what gaps exist.
•
• Financial Plan Design
• This is where we get to work.. This step involves matching your goals and dreams with the best mix of wealth and
product strategies
•
• Strategy Meeting
• During this meeting, I will recommend specific solutions to help address each of your financial goals. I’ll explain the
solutions to ensure you understand the potential pros and cons of each option to help you make informed decisions.
•
• Implementation Meeting
• During this meeting I will present your written personal financial plan. Then we will begin to implement your
customized financial roadmap. Depending on the recommendations you decide upon, I may carry out the
recommendations or serve as your guide coordinating the whole process with you and other professionals such as your
attorney or CA.
•
• Midyear Review Call
• Finally, we will focus on monitoring your progress and life changing circumstances to make sure that through life’s ups
and downs, your plan remains in sync with your vision and life aspirations. I’ll become your partner on your journey
toward financial success and help you plan for the unexpected, anticipate change and adjust your plans over time, as
necessary.
• To learn more about how I can help you pursue your financial goals, request a Discovery Meeting