The Financial Planning process
Our custom-made Financial Plan is known as the PFS (Personal Financial Strategy). To know more you may have a look at Customised Comprehensive Financial Planning.
General Process Overview for PFS
Note: Geography is a non-issue. We provide services to families located all across the world.
- Completion of the Life Profiler – A tool that allows us to collate, summarise & understand your profile. Send it via email to us so that we can facilitate the initial interaction.
- Initial interaction - agreement on the scope of services, professional fees - happens via personal meeting or email or internet telephony.
- Enrolment into PFS – Signing of engagement documents and payment of fees.
- Initiation of work for preparation of your Personal Financial Strategy (PFS).
- Presentation of draft PFS leading to secondary discussions & tertiary discussion as needed via personal meetings and/or telephone and/or emails.
- Presentation & Finalisation of your PFS.
- Explanation of guidelines for implementation and agreement on Transcend implementing the Financial Plan.
- Implementation of your PFS.
This is an elaborate process and can take upto 3-4 weeks or more and this infact is just the beginning.
The objective of the PFS is to ensure that the client achieves his/her lifetime financial objectives in the most scientific & pragmatic approach manner as detailed in the PFS. 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.
Ongoing Process for PFS
Annual reviews conducted automatically and review packages delivered year after year should you choose to use our PFS or Financial Plan implementation services.