Is Your Bank Or Broker Your Financial Planner?
Till now most investors used to focus purely on making investments into various instruments, like Mutual Funds, Insurance, Gold, etc. This was hardly ever backed by a thought on financial planning. Now, however, a lot of them seek to create a financial plan which guides them on how much to save and helps them select the right investment instrument to channelise their savings in. This is done after a detailed study of their existing investments, income, expenses and risk profile.
Financial planning has become quite a buzzword today.
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Complete financial planning Procedure explained
Financial Planners or Financial Advisors essentially perform the following tasks which benefits the average common man who is oblivious when it comes to financial planning: –
-they proffer directions and connotation to vital decisions pertaining to the financial front
-they permit individuals to comprehend how the financial decisions affect other finance related facets of life
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