Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Financial Planning/ Mutual Funds/ Investment - Advisor

Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Sunday, 25 August 2013

Reasons for creating your Retirement planning

When you plan your retirement, you are assuring your future so that you don't have to worry about income generation when you are no longer working. In simple terms, you retire from work but keep getting paid during your old age because of your savings. Retirement planning is crucial and something that you cannot ignore. Here are some of the most important points about planning your retirement.

A retirement advisor can help you get the ideal tips for easy retirement and the right time to retire. They can help you define your retirement goals, consider your current financial situation, anticipated income during retirement years, and managing current expenses. These are points that even a professional at different levels would have difficulty determining for themselves. During the planning, it is essential to make honest assumptions.

This will help get genuine results based on the information you provide to your retirement planner. Include major expenses such as purchasing a house, vehicles and even real estate investments before your retirement years. In addition, children’s education and marriage are other major expenses that could fall in the pre or post-retirement period. Your retirement plan would therefore mention ways to cover these big expenses. Your retirement plan will help you with chalking out the things that you could do after retirement. You will get a clear viewpoint about your current and future needs and expenses.

This is something that will help you lead a straightforward life where both your current and future needs are met without you having to worry about things. If you have a plan in action, it will also help in easily adjusting the expenses according to the financial needs that arise during your retirement years. It will guide you about your post-retirement lifestyle and prevent from making any dramatic changes. A well designed retirement plan will also help you become financially protected at a time when most other people in India become dependent on their children.

Another benefit is that it will help you get tax benefits, which is crucial at a time when you are not earning. A retirement planning will help you in avoiding mistakes and learn exactly what you need to do after retiring. Most importantly it will help eliminating any worries that you would otherwise carry into your post-retirement life if you were not to have any plan at all. In addition to using the services of a retirement advisor, it is also important to make your own research. Using a retirement savings calculator is an effective way to create a clear sketch of your retirement plan. Thus, planning your retirement well in advance will always help you to avoid the panic and see your post-retirement years in a positive perspective.

Sunday, 11 August 2013

Questions to Ask When Picking the Right Wealth Management Firm

Be careful when selecting the right person to manage your finances. In the process of picking the right wealth manager, think things twice and do not ever try to rush a decision. This is very important as a wealth manager will be the key to affecting your future for the better or worse. Therefore, it is important to pay attention to a few aspects when picking the right wealth manager.

Wealth managers and financial advisors are not the same, although they do have certain similarities. Wealth managers services of higher levels for individuals with higher net worth.
Wealth managers will have an overview of their clients and not just their financial issues. This way, they will get to know more about the client before getting to the right way of reaching their goals. Asset allocations, diversification, tax efficiency and estate planning are part of the practice of a wealth manager.

In most cases, those who need the assistance of a wealth manager are those who already have their capitals ready. Most of the minimum requirement capital stands around $1 million. The goal of this is not to make someone rich, but to ensure a brighter tomorrow.
Here are some good questions to ensure that you have the right wealth management firms in India.
Can you be trusted with my personal information?

The understanding between a client and his wealth manager is very important in order for them to carry out their duty efficiently. For this to take place, you would most probably have to share your inside information that can range from finances to your house hold issues. It is important to be comfortable when sharing your personal information so that you do not worry later on.

How do you get paid?
Getting to know how your advisor is getting paid is very important and should not be underestimated. Even though it has nothing much to do with you, but it will definitely affect your advisors performance. If they are paid based on commissions from the return, this might be a sign that your advisor may be really interested in helping you gain success. Instead, if they require a fee for every investment made, you should negotiate with them to change it. This is because most of them who require a fee are not really interested in helping you with your returns. In fact, they might be more interested in completing more transactions in order to earn more from the fees imposed.

What’s the size of your firm?
A larger firm may mean that it is more established, but this may also be an issue stopping you from getting to the top. For instance, processing a complaint of service would take more work than it is at an independent firm where you can go right to the top to get things settled. But in a large group, there will be a larger group with different expertise to help you out with any issues.

Here are some questions that you can ask to get the best out of the services of wealth management in India.

Saturday, 3 August 2013

Advantages of Investing Through a Mutual Fund

A mutual fund is a medium which gathers the money from many investors such as you and collects it into a pool of money. The gathered money will be then used to invest in different kinds of securities. Investments may include shares, securities, securities or a combination of a few different kinds of securities. These securities will be professionally managed for the share holders, basically those who invested in the mutual fund. So what are the advantages of investing in top mutual funds in India? These are some of the many advantages of investing in mutual funds in India.
Advantages of Mutual Funds
The risks are much lower when investing in a mutualfunds when compared to investing in a single stock or bond. Mutual funds also tend to hold a few securities which reduce the risks significantly. Diversification can be provided by mutual funds. This is very important for a well-balanced portfolio. This is particularly important when they come in small amounts.

Professional managed
The process of picking the best stocks and bonds for your portfolio is almost impossible and time consuming.  Thoughts to even try to beat the market are almost unachievable. But with the help of a professional mutual fund manager, you can save your time and the trouble to get the best stocks. You wouldn’t even have to make any of the head aching decisions.

Minimal transaction costs
If you’re planning to get the stocks and bonds on your own, it’s going to be pretty harsh on the costs. This is because the process of buying individual stocks and bonds increase the costs through its sales charges and other fees. Mutual funds usually purchase them in large amounts. Therefore, offering the advantage of economies of scale in purchases and sales. This means that mutual fund costs can and will decrease because mutual fund’s size of assets will definitely increase. Brokers themselves tend to charge lower fees; this is to attract a larger amount of the mutual funds in india.

Liquidity refers to the ability of converting asset to cash quickly. Mutual funds usually have high liquidity ratios. This means you are able to sell your shares and collect money from open-ended funds. This process typically takes less than two business days to process. Open-end no-load funds mean that investors do not need to pay for any transactions feed when you buy or redeem any of your shares.  Closed-end funds can be found on stock exchanges. These kinds of funds can be traded for above or below its net asset value.

Above are some of the advantages of investing in a mutual fund. Whether or not to invest in a mutual fund depends fully on you. All the best in making the right choice!


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