The job of a wealth planner is to construct a financial blueprint which meets your investment objective or rather smashes it out of the park!!!Using a wealth planner can create a financial blueprint for a bright future.
The important question to ask here is why do you need the wealth and how much do you need? What is the time horizon you have to achieve that. All these questions are important for a wealth manager to understand and come out with a suitable plan for you.
It is prudent to bear in mind that a good financial planner is like a ‘Doctor’ who diagnosis your financial health and takes action accordingly.
There is no one size that fits all, Alas, life would have been so much easier but the trick here is to keep things simple and trust the process. Its indeed a difficult thing to do – To KISS – Keep It Simple Stupid!
The idea way to correctly do wealth management planning is to ask a lot of question to the client, understand his needs, wants, aspiratons, expectations and a host of other things to make a well defined plan.
Making a wealth creation map has a lot to do with clarity in the mind. For eg. when we are going to buy a car we need to be clear about the kind of car we need to bring home. its a financial as well as a emotional decision, a car is your partner in countless journeys. Wealth planning also works in the same way. You need to be clear in your mind, the problem is that most people dont know or are not able to interpret their financial requirements. Many do not understand the impact of inflation, compounding, Interest rate, capital gain tax and other things, it is exactly for these reason that you need a wealth manager to guide you towards financial independence.
The role of a wealth manager is to make a plan which best suits your personality. The plan is always made with sound logic and market common sense. The returns expected are also in line with your risk taking appetite. In long term investing over 10yrs a difference in return of even 1% can be in lakhs and that is something that should be crystal clear to you when you start your investment journey.
Wealth planning is challenging especially when there are so many dynamics involved more so from a discipline point of view. Also, we have noticed that people tend to get carried away with emotions in a fluctuating market. The discipline to stay invested and switch or redeem at the correct time as per our objective is the key to successful wealth planning.
We believe in providing value to your investment and ensure that the money invested is utilised to give you the maximum output. We would love to help you achieve your financial goal. Get in touch with us to know more about wealth planning.