Financial Planning (1) – Meeting Your Financial Needs

Financial Planning is a way of devising strategies to achieve our financial goals. Meeting financial needs is an important part of our daily lives. It is an ever-ongoing process shaped around our financial life cycle. We are poised with challenges of meeting financial needs like our children's education, buying our dream home, supporting our ageing parents and preparations for our retirement…

Financial planning is a tedious process, involving the planning of our cash flow, insurance coverage, investments strategies, retirement plan, tax and estate planning. It all begins with focusing on specific needs first and gradually built into a comprehensive financial plan. The main focus of your financial plan should be setting realistic financial goals and objectives and achieving them. A comprehensive financial plan includes Cash Flow Planning, Personal Risk Management, Investment Management, Retirement Planning, Tax and Estate Planning.

Risk Management

Risk management involves protection against any unforeseen circumstance that may result in huge financial expenses. These unpredictable misfortunes such as major illness, disability, total permanent disability or death normally bring about drastic changes to our income and our ability to continue satisfying not only our personal financial needs but also those of our loved ones. Personal risk protection is a vital element in financial planning, minimising erosion of our net worth and protecting our family from the consequences of unfortunate events.

Asset Management

Planning ahead to prepare for our later life or retirement, it allows us to plan our retirement and lead an easy life thereafter. If you have children, the cost of their education must surely be a cause of concern.

Asset accumulation helps to provide for our future cash needs or prepare for our retirement by means of building our wealth through investments. Managing our assets carefully may provide us with passive income enabling us to achieve our financial objectives.

There are certain decisions in our life that are vital and which we 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 our desires.


"If you can count your money, you don't have a billion dollars." - J. Paul Getty