The Financial Planning Process

Note: Geography is a non-issue. We provide services to families located all across the world.

 

Pre Enrolment

Get a complimentary assessment.

Online Method - Register to get 'ePlan Free for Life' account. Fill details in the profiler and intimate us.

Offline Method - Complete the Life Profiler and send it to us.

Click here to know more about the complimentary assessment for the above 2 methods.

Level : 1
Financial Planning

(Mandatory)

 

In compliance with the 6 step process prescribed by the Financial Planning Standards Board.

Establishing Client-Planner Relationship.

Initial discussion, agreement on the scope of services and payment of professional fees. 
This can happen via personal meeting, email or internet telephony.  
Account creation on www.transcend-india.com. Click here

Gathering client data & determining financial goals

Completely online, web-based, on Transcend's ePlan platform. Can be done 24/7 by client / planner.
Constant interaction with client while this part of process is being executed.

Analyse client objectives, needs and financial situations

Detailed customisation undertaken done by the planner.
Many rounds of discussion to finalise this.

Developing appropriate strategies & presenting plan

Over 1000+ simulations possible, online interaction & personal interaction as needed.
Initial presentation of plan leading to secondary discussions & tertiary discussion as needed via personal meetings and/or telephone and/or emails and/or online meetings.
Presentation can be done in person or real time across geography using screen share technology with simultaneous login into our ePlan system.

Implement the Financial Plan

This is optional at Transcend and client needs to opt for Level 2 as shown below.

Review / Monitoring the Financial Plan

As per Transcend's Review mechanism. Click here for more details on review.
This is an ongoing process and continues year after year.

Level : 2
Plan Implementation

(Recommended)

Analysis of existing portfolio / products.

Recommendation / alterations / amendments & overall investment strategy.
Accountancy & Tax related matters like capital gains, filing returns, advance tax management, compliance, audit etc.

100% performance based working mechanism.

Level : 3
Estate Planning

(If necessary)

Book Keeping

Creation of Documents (Will, Codicil, POA etc)

Creation of Entities (Family Company, Trusts, SPV, etc)

Click here for more details.

Level : 4
Family Office

(If appropriate)

Legacy Line

Workshops

Click here for more details.

Services here are by their nature quite unstructured. Personal interaction necessary for further action.

 

This is an elaborate process and Level 1 can take upto 3-4 weeks or more and this infact is just the beginning.

The objective is to ensure that the client achieves his/her lifetime financial objectives in the most scientific & pragmatic approach manner as detailed in the various strategies laid out. The Financial Planner constantly monitors the performance of your strategy to ensure it is in line with original plans. Alterations are done as & when necessary. This strategy is compulsorily reviewed on a regular basis to accommodate changes in lifestyle & circumstances. This entire concept is much like that of a financial doctor, who is concerned about the financial well being of the client at all times.

Financial Planning uses scientific and pragmatic approach to achieve your lifetime financial objectives and uses concept and tools such as dynamic needs fulfilment, cashflow analysis, budgeting and gap analysis, hedging income and other liabilities, pensions management, wealth creation, personal risk management and investments. As needed we will also steer in the area of inheritance and succession planning.