Financial Health Check
A financial health check is advisable for you to be aware of your financial standing and to avert financial losses. Taking into account your age, marital status, employment status, property or other holdings and annual income, we look at the various elements that make up your overall financial health:
- Budgeting your income and expenditure
- Building good credit
- Controlling debt
- Curbing unnecessary spending
- Identifying and attaining your financial goals
- Making the right investments
Getting a financial health checkup done is very important to understand where the family stands today in terms of personal finance. It determines the income, ascertains the spending patterns and also helps to know the level of savings one can or has to do. This diagnosis will help in determining whether an individual’s financial situation is under control and how good are the investments being made towards achieving the goals. This analysis of financial position will also help in planning the future better by setting some goals and personal financial plans to go about achieving these goals.
Planning necessarily focuses towards:
- Arranging and well distribution of attained wealth during the entire course of lifetime
- Provides protection against all the financial consequences to possibly deal with all disabling injuries
- Allows you the sound investing allocation strategy for the receiving of tailored services
- Offering the best professional outlook to the wide range of financial services
Services rendered by our comprehensive financial planning Includes:
- An absolute clarification of your existing financial conditions
- The facility of identifying personal as well as financial goals objectives
- The knowledge of identifying your financial problems and opportunities
- The written records of initiating the solutions where it is most appropriate
- The final periodical review of your financial planning needs
valuating the best investment options and identifying the investment plans suitable for your financial situation forms an integral part of financial planning process. Investment options should not be selected at random based on popular recommendations. They have to be critically analyzed to evaluate whether they suit your risk appetite or not.
We often fail to design a systematic investment plan which increases our probability of success. It is important that we bring objectivity to every investment decision being made. While defining your investment plan make sure you:
Define the goals and the respective time lines when you want to achieve them.
Assess your surplus.
Assess your risk profile.
Diversify the investment allocations based on your risk appetite.
A systematic investment plan has the potential to bridge the gap between your dreams and reality. However, your behavioral biases limit this potential thus creating a difference between your expected returns and actual results. The Investment options which you undertake has to meet your risk appetite parameters and should be in sync with your goals. Even the best Investment planning services in India have to address your risk tolerance levels. In your quest to invest in the best investment plan in India, you should not forget your core investment objectives.
At ArthaYantra we deploy the techniques of behavioral finance to counter the biases of individuals and help them bring discipline to their investments.
one of the important tenants of investment management followed is the need to diversify portfolio of customers. Diversification of portfolio is only the first step towards creating a healthy investment management ecosystem. The diversified portfolio should be rebalanced, at least once every six months or by applying advanced mathematical models to the portfolio.
The typical portfolio of the average Indian Investor is largely skewed to only a couple of asset classes such as Real Estate, Fixed deposits and Equities. Other important asset classes such as Money markets, fixed income, alternative investments are often not part of the portfolio. Often liquidity of the asset class is ignored before investments are made.
It is important to understand the risk appetite of the individual before creating a diversified portfolio that suits the individual’s long term financial goals. The portfolio should be a mix of asset classes including Money Markets, Fixed Income, Equities, Commodities and Alternative investments.
In today’s fast moving world, planning towards your retirement can no longer take a back seat. If planned carefully, you can make your retirement period as glorious as your present employed career. A successful planning towards retirement can in no way hit hard on your financial status, as the right planning can ensure you with the same lifestyle till the time you live.
Retire with dignity, sounds great in itself. Ensure that the time when you retire you should be liable in carrying enough funds, which prospers in meeting with your expenses by maintaining the same established life style. Just do not let your financial worries spoil your precious retirement days. Initiation of savings habits today in your financial career can help you to realise your dreams after your retirement.
As soon as many of us reach the stage of retirement, the disability in our financial status becomes a major area of concern. During this period, the income generally stops but the expenses do not. In order to realise your dreams of retirement, we help you every step of the way in making a successful planning for you.
How crucial is retirement planning for you? What time appears to be best for you to invest? How planning in advance turns out to be fruitful for your coming years? Our experts can help you with the best solutions to the above questions and any other that may be of concern to you
Choose excellent retirement planning related services from us and let your money grow for your previous retirement years