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SIX STEPS IN FINANCIAL PLANNING PROCESS
Your financial practitioner will work towards a "meeting
of minds" to understand your aspirations. With
this compatibility established, he will be able to work
with you towards meeting your expectations and achieving
your financial goals.
Your practitioner analyses your present situation by
collecting and assessing all relevant data – assets
and investments, wills, insurance policies, tax returns,
employee benefits, sources of your income and your expenses.
He then helps you identify financial and personal goals
and ensures that they are realistic.
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Your practitioner focuses on specific problems that stand
in the way of those goals. I.e. Inadequate cash flow, unnecessary
tax payments, wrong kinds of insurance and investments.
Your practitioner prepares a written plan with using IPP’s
very own and well-proven modules, namely:
- Wealth Protection
- Wealth Accumulation
- Wealth Management
- Wealth Distribution
With this, he will come up with specific recommendations
to help you stated goals. He or she looks for ways to achieve
them and offers alternative solutions.
Your practitioner offers ways to implement the recommendation
or alternatives coordination with others specialists, i.e.
offshore tax, financing structure and investment to increase
cash flow and capital gain.
You benefit from periodic reviews and revisions of your plans.
Your plan should be updated to account for changes in your
life, in current economic conditions and in new investment
opportunities. Periodic reviews show the progress you are
making in reaching your goals.
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