Can I make a personal finance plan myself?
Some personal finance packages,
magazines and self-help books can help you with your own financial planning.
However, you may decide to seek the assistance of a personal financial
consultant - expert if:
- you need the expertise that you do not have in
certain areas of your finances. For example, a personal financial consultant
can help you to assess the level of risk in the investment portfolio and review
the allocation of funds;
- you do not have enough time to edit your own
financial plan yourself;
- you know that you need to improve your current
financial position, but you do not know where to start;
- you believe that a personal financial consultant
- expert could improve your plan and strategy for the current management of
your finances;
- an immediate or unexpected life event occurs,
such as inheritance or major illness;
- you want to get an expert opinion on a financial
plan that you have developed yourself.
What should a personal finance plan contain?
The personal finance plan should
include an overview of your net worth, goals, investment portfolio, cash flow,
investments, retirement, tax planning, insurance services, that is, the overall
financial plan for achieving your goals.
What should I pay attention to a personal financial consultant?
A personal financial consultant
works for you and for your own good. His loyalty belongs to the client, not to
the products he/she sells. We feel that independence is truly the best way to
give objective advice to clients. As independent personal financial consultants,
we do not have restrictions or requirements for the use of any particular investment
product or solution. This allows us to create customized financial plans
designed to ensure the security and growth of financial resources for our
clients.
What data should I disclose?
Typical are information on
investments, number of dependents, income and expenditure data, saving and
financial planning requirements, etc. The more accurate the information is, the
better the quality of the advice.