Financial planning is a process of helping an individual to get and achieve his financial goals, both short term and long term, through risk management, investing, asset allocation, retirement planning, tax and Estate planning.
This process of financial planning would help our clients to control their financial lives by using focused and structural approach, after true understanding of their needs, capabilities and resources.
The two different types of financial plans we make for clients are
Comprehensive financial plan
Segmented financial plan
Comprehensive financial plan– Is detailed complete approach by factoring in all the concerns affecting an individual’s life, such as cash flow, education, insurance and risk management, investments, income tax, retirement and estate issues. This is revolutionary approach to help you control your financial lives.
Segmented plans:
The segmental plan is the approach of reviewing & advising only one aspect of financial life like, Risk management, insurance, investments, retirement, tax planning, and estate planning.
We at UHWC provide you with comprehensive financial planning & segmental financial planning as per your need.
Our financial planning process is a six step process.
1. Preliminary meeting: This is like building a Doctor –Patient relationship.
(There is no fee for this meeting)
During these meeting, requirements of client & how best we can help the client is understood and analysed.
2. Integrate goal setting and data gathering: During this meeting we help clients in finding their financial goals and necessary data is collected to help achieve these goals. Our relationship with client is confidential-all data is kept confidential.
3. Analysing the Data and finding Solutions.
4. Recommending solutions.
5. Implementing the plan.
6. Monitoring and reviewing the plan on regular basis.
