WHAT DOES AN IPP FINANCIAL PRACTITIONER
DO?
The IPP Financial Practitioner works in your best interests
in mind. In short, he or she is a client oriented professional.
A Financial Practitioner does not replace your lawyer, accountant
or anyone else with whom you have a professional relationship.
Instead, he or she works with them and coordinates the planning
process.
i.e. he or she can work with your accountant and tax advisors
to make sure you have the benefits of appropriate tax strategies.
The IPP Financial Practitioner studies your investment needs
and can either implement investment programs or coordinate
efforts with your broker to ensure you have the advantage
of the best vehicles to meet your goals.
Our Financial Consultant analyses your insurance needs and
can either implement your program or work with your agent
to make sure you have the right coverage and cash value built
up in your policies.
You and your Financial Practitoner will get to know each other,
to explore ideas and establish goals, work towards compatibility
and good working relationship. There are many tax-efficient
investment vehicles to help you achieve your wealth accumulation
and financial goals. The IPP Financial Practitioner will liaise
with reputable private bankers, international fund managers,
investment specialists, property brokers and recommend the
appropriate financing, tax and d investment product structure.
Following, he will ask you to complete a financial planning
fact finder to establish where you stand with regards to living
expenses, your income, insurance policies, assets and liabilities,
present financial and investment plan, income tax position.
Then you define your financial concern, important goals and
objectives to determine your risk profile.
Next, he or she will analyse your report, before writing
a plan specifically tailored to your situation.
Recommendations will be made and suggestions given to implement
the written plan. The finished plan itself should represent
your goals, your objectives and your personality.
Your plan should be reviewed periodically and, if necessary,
revised in order to ensure that your financial goals are on
tract.
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