effective financial planning - english
TRANSCRIPT
Effective financial planning
• Why you need a plan• What does Old Mutual Personal Financial
Advice offer• Who we are• The planning process• The elements of a financial plan
Contents
Why you need a plan
“Financial planning should, simply, be about strategies that create, preserve and grow your wealth based at every point on your needs” – Bruce Cameron
“You are flying blind if you fail to draw up a plan” – Personal Finance
Life stages …
Place mouse cursor over an appropriate stage to view more.
Single and Starting out
Single and established
MarriedFamily Life
Divorced
Deep in Debt
Retrenched
Empty Nest
Bereavement
Retiring comfortably
What does Personal Financial Advice offer?
Quality, goals-based financial adviceThrough holistic financial planning
• Ongoing financial advice– Delivered by a professional financial adviser
• A comprehensive personalised plan for life– Should your circumstances change, your financial
plan will too• Backed by Old Mutual
“It all begins with a plan …A plan for life.”
Who we are
1: Gathering personal and
financial information
The planning process
Understanding you better
STEP 1
1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
The planning process
Discovering your hopes & dreams
STEP 2
1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
The planning process
Taking a closer look
STEP 3
1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
4: Recommending
Solutions
The planning process
The wayforward
STEP 4
1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
4: Recommending
Solutions
5: Implementing Solutions or
compromises
The planning process
The plan
STEP 5
1: Gathering personal and
financial information
2: Planning ahead and confirming financial goals
3: Conducting a comprehensive financial needs
analysis
4: Recommending
Solutions
5: Implementing Solutions or
compromises
6: Reviewing Solutions and
making changes
STEP 6
Reviewing the journey
The planning process
The elements of a financial plan
GOALS
SOLUTIONS
RISKPLANNING
RETIREMENT PLANNING
INVESTMENT/ SAVINGS PLANNING
Short Term Medium Term Long Term
PRO
TECT
ION
O
F W
EALT
H
WEA
LTH
CRE A
TIO
N