Financial Planning Process.
Total matters of wealth completely reassured.
At IPP, we employ a Six-Step Process that favours needs-based advice. We apply this process taking into consideration our clients’ needs around Wealth Accumulation, Wealth Protection, Wealth Management and Wealth Distribution via our 4 Wealths model.
Financial Planning Process
Establish a Client-Planner RelationshipYour IPP Adviser will work towards a 'meeting of minds' to understand your financial aspirations. With this compatibility established, your adviser will be able to work with you towards meeting your expectations and achieving your financial goals.
Client Data Gathering and Defining Goals & ObjectivesYour IPP Adviser analyses your present situation by collecting and assessing all relevant data - your assets and investments, wills, insurance policies, tax returns, employee benefits, sources of your income and your expenses. Your adviser then helps you identify financial and personal goals and ensures that they are realistic.
Analysis of Current Financial PlanYour IPP Adviser focusses on specific problems that stand in the way of those goals. i.e. Inadequate cash flow, unnecessary tax payments, inappropriate insurance coverage and investments.
Development of Comprehensive Financial PlanYour IPP Adviser prepares a written plan comprising IPP's proprietary and proven modules, namely:
- Wealth Protection
- Wealth Accumulation
- Wealth Management
- Wealth Distribution
Implementation & ExecutionYour IPP Adviser will offer ways to implement the recommendations or alternatives in co-ordination with other specialists outside of IPP (for example, experts in offshore tax), in order to increase your cash flow and optimise your capital gains.
Regular Review & UpdateWith IPP, you will benefit from regular 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.
Our 4 Wealths Model
- Retirement Planning
- Children’s Education
- Financial Independence
- Investment Planning
Wealth Accumulation is important to ensure that you amass sufficient funds to meet your life goals and plan for a comfortable retirement. Careful planning helps to prioritise objectives and, with the right execution, helps to optimise income, budgets, savings and investments.
- Emergency Resources/Cash Resources
- Family Income Plan
- Capital & Asset Protection and Enhancement
- Life, Disability and Crisis Insurance
- Health Insurance/Medical Coverage
- Property Insurance
Wealth Protection is the foundation of financial planning. It safeguards your wealth and future earning capacity and ensures that your financial goals are not side-tracked or delayed due to unfavourable life events. A complete evaluation considers financially detrimental concerns such as Premature Death, Disability, Major Diseases, Hospitalisation and Healthcare Costs, Accidents, Personal Property Loss, Theft and Restoration to Damaged Property to ensure that you and your family remain protected should such events occur.
- Portfolio Management (Investment Planning)
- Tax Planning
- Business Continuity
Wealth Management involves strategically and efficiently managing your accumulated wealth, taking into consideration your assets, investments and tax status. An effective strategy is imperative to meeting your financial objectives and may even shorten the time it takes to meet them.
- Estate Planning (Wills and Trust)
- Legal Entities
- Lifetime Giving
- Children Head Start Financial Planning
Wealth Distribution ensures that your wealth is passed on to loved ones and through philanthropic activities according to your wishes. The appropriate estate planning services may include wills, trusts, holding companies, joint ownership, tax planning and other legal instruments. With the right implementation, you enjoy peace of mind knowing that your wealth is efficiently distributed to your intended beneficiaries.