Services

It is so logical to have a complete medical checkup done by your family doctor regularly. This ensures well being and timely medical action, if necessary. But, most of us often forget that financial health is as important. By Financial Health Checkup, we mean complete review of your current financial position. We gather all relevant financial information, so that we may thoroughly analyze the data. Like a doctor, only a professional financial planner has the training to assess your financial health. This service will include

• A careful diagnosis of your current financial situation
• Identification of your problem/pain areas
• Discussion of your financial goals and objectives. (This is a very crucial stage).
• Recommending Broad Guidelines and Course Corrections to rectify problem areas and to achieve financial goals.

We, as financial planners, appreciate complete trust from our clients to help us assist them in acting towards their well being. Our financial planning services are completely confidential.

Based on the financial research conducted, we examine the various alternatives within the context of personal attitudes and parameters. Each client is then provided with an integrated series of recommendations and a focused personal financial plan is developed which is a comprehensive plan of things to do and achieve your goals to enable you to live a life in line with these goals.

We also guide clients through the implementation and monitoring of the recommendations. In brief, we will take a holistic view of your current situation and come up with a financial plan that will address the following areas which are specific to you.

• Cash Flow Management & Budgeting
• Insurance Planning
• Investment Planning
• Retirement Planning

Insurance simply means ensuring that your financial goals are met even if your earning suffers. This could happen due to any reason. What if your investment plans are wrecked by an unfortunate accident that impairs your ability to earn or worse that result in your death?Do you have risk management plan for your family and how would marriages, education; etc for the children can be met? The only choice is to insure adequately.

Insurance should go hand in hand with investment needs. Purchasing Insurance is the most common way of handling various risks that can cause financial loss. We at Moneybolism provide a comprehensive Insurance Solution addressing the following areas

• Life Insurance
• Medical Insurance / Health Insurance
• Disability Insurance

At this stage, we discuss specific reasons for recommending a financial product type showing how the recommended product and provider meet your needs and priorities as jointly identified and agreed. The financial products are recommended on the basis of :

• Defining all investment parameters: We chalk out and examine investment parameters like risk tolerance level, time horizon, liquidity concerns, income tax consequences and diversification concerns
• Managing Client Expectations: Once we understand the client concerns, we assist them in feeling comfortable with investing by explaining the clear motive of the chosenfinancial product. Concepts such as types of risks investors are exposed to, rates of return and risk/return trade off present in investing are demystified.
• Developing plan: After all these stages, we develop a plan based on your financial goals which includes:
  • Asset Allocation Strategy
  • Investment Rules and Guidelines

Once the client is comfortable with the recommendations, the next step is to implement the recommendations with mutual consent. We do monitor the progress of our recommendations towards achieving the agreed objectives. For this, all the client portfolios are reviewed on a semiannual basis.

Planning for retirement starts when earnings commence. Once retirement is reached it is often too late to plan effectively for later years. One of the primary goals of retirement planning is to establish and maintain financial independence on what becomes a more fixed income and lifestyle. The enemy of all retirees is inflation and the maintenance of spending power, given limited financial resources.

Another factor to consider is increased life span. Generally we are all living longer, due to the wonders of medical science. Retirement planning is thus an essential element of any financial plan. It is a comprehensive process for determining how much money you will need when you retire. Retirement planning also helps you identify the best ways to save for retirement given your financial situation.

Proper retirement planning requires a much longer period of time -- from the day you start working until well beyond your actual retirement date. In fact, it's never too early to start planning for your retirement. In India, many of us put off retirement planning because we are too busy trying to meet our immediate financial needs to think about what will happen 20 or 30 years hence.

Finally, a successful retirement plan requires your active involvement and long-term commitment. Some goals, objectives, wishes our retired and elderly clients have identified are:

• to meet retirement with growing grace, confidence and respect
• to maintain spending power of income in retirement
• not to be a burden to our children in old age
• to maximise wealth passed down the family
• to maintain dignity and independence in old age
• to provide fully the needs of the surviving spouse

Nobody can avoid TAX & Death. All you can do is take tax efficient decisions to ensures peace of mind. There are many tax laws which appear to be easy but are complicated and needs lot of surveillance.

Tax planning services may include evaluations in areas such as the rental or sale of real estate, exercise of stock options, calculating the tax impact upon the sale of investments etc. Proper estate plan ensure that you pass on your assets to the intended person only. We also offer advice on nominations, power of attorney and will as these factors play very important role in estate planning and their effective use is warranted.