Financial Planning

We all must have goals in life that we want to achieve. Most of these goals are predictable – like children’s education, a home, vacations, comfortable retirement etc. We spend our waking hours, working for a living. We feel satisfied when we are able to provide the creature comforts to our family. However, our goals keep moving up, up & away. The shifting goal posts of life ensures that we are constantly on the treadmill, working some more to earn more.

Financial Planning is a process of creating a blueprint that helps a client and their family achieve their goals by appropriate management of the available resources.

While creating this financial architecture, the client’s situation, specific needs / goals need to be considered. With such a plan, the future course is mapped well, and the client & their family gets to achieve their goals in a premeditated manner.

At PrudentFP, Financial Planning is high-personalized service. It is not product. In the financial planning process, products come at the end as investment recommendation – as a byproduct of all the planning process & deliberations. Along with it, there will also be recommendations on what to do about loans, properties, liquidity & contingency to be maintained, risk mitigation through appropriate insurances, appropriate asset allocation based on their specific situation and suggestions on investments.

Since it is cyclical service that constantly repeats as your needs change over time, preparation and implementation of the financial plan is a long-term relationship and not a one-off exercise. For the success of the financial planning exercise, it is essential that you should have complete confidence on the planner. Financial planning is a two-way interaction between you and the planner. It is not and should not be treated as a one-way prescription, which is to be given by the planner to you.