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What Is Financial Planning?

Why Is Financial Planning Important?

Some Pointers On Financial Planning

How Our Financial Planners Help & Create Value For You

Financial Planning is about devising and preparing strategies to achieve your financial goals. It is an interactive and ongoing process shaped around your financial life cycle needs, for example, your children's education, buying your dream home, supporting your ageing parents and preparing for your retirement.

Financial Planning can be divided into 3 areas:

Personal Risk Protection
Should the unfortunate happen such as, being struck by a major illness, disability, total permanent disability or death, what will happen to you and your family? Are you well protected against the unpredictability of life? When misfortunes happen, they can result in huge expenses incurred for hospitalisation, medication and often the situation is aggravated by the loss of personal income.
Personal risk protection is a vital element in financial planning. It looks into protecting you, and minimising erosion of your net worth and protecting your family from the consequences of those events. With NIINA - NI Insurance Needs Analysis, we assess your risk protection needs accurately and maximise your protection at the lowest cost.
Asset Accumulation
Have you ever thought of what you want in future? At what age do you think you would like to give up your career, retire and lead an easy life? What would you particularly like your lifestyle to be when you retire? Or perhaps you might want to think of the changes you would like to see in the next five to ten years? If you have children, the cost of their university education must surely be a cause of concern.
Asset Accumulation helps to provide for your future cash needs or prepare for your retirement by means of building your wealth through investments. With the NI Wrap, we help you assess your investment needs and actively manage your investment portfolio to ensure that you achieve your financial objectives.
Asset Distribution
There are certain decisions in your life that are vital and which you have to make in advance of your death. Such decisions could involve the maintenance, disposal and use of your estate, cash, investments, business possessions and life insurance.
Asset Distribution assures that your estate is distributed efficiently according to your desires.

A comprehensive financial plan includes Cash Flow Planning, Personal Risk Management, Investment Management, Retirement Planning, Tax and Estate Planning. A change or more in any of these areas may affect you in achieving your financial goals.

As you can see, financial planning is a tedious process. You might prefer to start with your financial plan based on specific needs first and gradually build it to a comprehensive financial plan. The main focus of your financial plan should be setting realistic financial goals and objectives and achieving them.

At New Independent, our financial planners are equipped to provide you with the most effective financial planning solutions, whether to meet a specific need such as an investment plan or a more comprehensive one which optimizes for both your asset accumulation and personal risk protection needs.

Steps To Consider:

*Go to Why Is Financial Planning Important?

*Go to Some Pointers On Financial Planning

*Go to How Can Our Financial Advisers Help You?

*Have Our Financial Adviser Contact You.

*Look For A Contact Office Convenient To You.

*Contact Our Financial Advisers At 6221 2788