Professional Documents
Culture Documents
Financial Planning: An Introduction
Financial Planning: An Introduction
Presented By:
Shabbeer Hussain
Independent Financial Advisors
Office # 3, 21-C, 22nd Commercial Street, DHA Phase-II Ext, Karachi. Ph: 92-21-7095238, 8695075, 5391228, 0345-3420674 Email: shmconsulting@yahoo.com, acmenetwork@gmail.com URL: www.shmconsulting.com.pk
(A division of SHM Consulting Group)
Who We Are?
ACME Financial Services is one of the independent consulting firms dedicated in financial planning, and management consultations to individuals, companies and corporate sector. ACMEFS offers you valueadded guidance on a wide variety of financial issues that improves your present and future plans also.
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Planning Insurance & Risk Management Tax Planning Retirement Planning & Employee Benefits Estate Planning
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Financial advisor can help you in maintaining standard of living and accumulate prosperity.
Everyone with substantial assets, needs sound financial advice Sound financial planning, particularly in personal financing, to safeguard the wealth The greater the wealth more complex the affairs, the more it needs guidance
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Do you carry any debt where the interest is not tax deductible? Do you feel that you may be paying more than your fair share of income taxes? Do you ever worry that your investments are not performing the way they should? Do you have any concerns for your familys ability to maintain their lifestyle if you died or became disabled? Are you self employed or a shareholder of a small business.
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
In this world nothing can be said to be certain, except death and taxes.
Benjamin Franklin
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Step 1: Determine Where You Are Financially Step 2: Set Goals Step 3: Develop A Plan Step 4: Monitor Your Progress
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
10
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
11
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
your ability to save Let you size up your standard of living Indicate if you're living within or beyond your means Highlight problem areas
12
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
How long will you continue to work? What will happen with your income will it remain the same, rise, or fall? What will happen with tax rates?
13
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
What investment rates can you reasonably expect? What about the rate of inflation? How much involvement do you wish to have in managing your investments?
14
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Short-Term Goals
Pay off credit card and consumer debt Start savings plan Set aside cash for a contingency fund equaling 3 months' expenses Acquire additional term life insurance Acquire individual disability insurance
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
15
Medium-Term Goals
Start college savings plan Diversify investment portfolio Convert term life insurance policy to cashvalue policy House Building Capital Building
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
16
Long-Term Goals
Purchase retirement property Retire at age 60 Maintain pre-retirement standard of living during retirement
17
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
18
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Flexibility
You need a plan that's flexible enough to change with your circumstances throughout the major and minor life events you experience.
19
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Liquidity
Most financial advisors recommend that you have funds available that are equivalent to 3 to 6 months of your expenses. Appropriate locations for these funds are checking, savings, and money market accounts.
20
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Minimization of Taxes
Minimizing taxes must serve as a means to meet your objectives; it isn't an end in itself. An effective plan will minimize both income taxes and estate taxes.
21
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Have your financial goals stayed the same? Are you meeting your budget? Are you earning the investment rates of return you anticipated?
22
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
To what degree is inflation affecting your finances? Has your tax situation changed?
23
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
Getting Started
Our Responsibilities:
To gain an understanding of your financial situation as it relates to this planning engagement. Determine to what extent you will be able to meet your goals, needs and priorities. Identify possible problem areas that should be addressed. Present you with our recommendations and clearly explain the options available to you.
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
24
There is no charge for the initial consultation and you are under no obligation to continue once we have confirmed the planning fee. The financial plan is yours to do with as you see fit. You may, at your own discretion, implement any or all of the recommendations made with any financial advisor or financial institution you choose. The financial benefits you can expect to receive by implementing the financial plan will be no less than 5 times the fee charged for the plan or the fee will be reduced accordingly.
25
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
There will be no direct charges to you for this financial plan. All I ask is that if you decide to purchase any financial products as a result of my work, you agree to do so through me. If for any reason you are not satisfied with the scope and detail of the completed financial plan you may return all copies of any documents provided to you as notice of your wishes to terminate our relationship. All recommendations presented to you, including those involving the sale of a financial product, are made with your best interests in mind. At no time will you be under any obligation to accept any advice provided to you or to implement any of the recommendations contained in the financial plan.
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
26
The Client will make every effort to participate in the financial planning process. Ultimately, it is the Clients responsibility to implement recommendations and make their financial plan work in their life. The Client should approach our financial planning meetings with an open mind. This will help the Client to learn more during the financial planning process. The Client is responsible to make sure that they understand what AFS is explaining to them. The Client is responsible for disclosing all relevant facts and information that are necessary for AFS to provide accurate and comprehensive advice for the Clients unique situation.
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238
27
28
ACME Financial Services Independent Financial Advisors +92 321 2797881, 021 7095238