Financial Planning is a sophisticated method of identifying an individual’s financial goal. In the first stage the advisor, consider the client’s assets and liabilities. Then based on the risk conscious classification and current lifestyle, design a realistic investment and insurance portfolio.
During the process of financial analysis, and based on monetary resources advisor work out on timetable and check the accessibility of the goals.
In continuous, the possibilities and obstacles are noted. If the facilities and possibilities are not sufficient to get that goal, then advisor consider an alternative solution for individual or switch to a realistic level of replaced goal. |
