(224888313) Financial-plan Anupam

8/12/2019 (224888313) Financial-plan Anupam

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Sample Family Financial Plan

Prepared forMr A Mishra & Mrs P Mishra

Advisor: Tanwir AlamnThecontent of this report is for illustrativepurposes only Copywrite OMNIMax oftware olutions !td


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Introduction """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#

Personal $etails """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""%

Anupam and Praveen amily 'oals """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""(

Anupam and Praveen Asset chedule """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""")

Anupam and Praveen Annual *ealth Creation """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""+

,etirement Plannin-""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""./

Implications for 0arly $emise Anupam """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""".%

Investment Plan 1 ample """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""".(

Current ituation """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""".(

Investment O23ectives """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""".)

Asset Allocation 1 4alanced """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""".+

Portfolio ,ecommendations""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5/

Mar6et 7pdate atNovem2er 5//+"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5%

8ital to ta6eprofit" """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""59

Opportunities """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""59

inal *ord" """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""59

Our Current Portfolio ,ecommendations """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5(

Cash and ixed Interest """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5(

Investment Timeframe: ./ years plus" Tar-et ,eturn: 9"/ to +"/pa" after tax"

;)"9 to .5"/ -ross at ## tax"< """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5)

Implementation """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5+

Important Points A2out a $iversified Portfolio""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5=

Investment Mar6ets """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""5=IP Investment""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#/

,is6 Mana-ement Module 1 !ife Cover """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#5

!ife Insurance Analysis for Anupam Mishra """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#5

,is6 Protection >ealth Insurance """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#%

Ma3or Medical Analysis for Anupam Mishra """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#%

,is6 Mana-ement 1 'eneral Insurance """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#9

ire and 'eneral Analysis for ire and 'eneral """"""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#9

$isclaimer """""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""""#(

ample amily inancial Plan


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Introduction

$ear Anupam Mishra & Praveen?

*e are pleased to prepare this financialplan for you"

A full financial plan would cover Cash Mana-ement? ,is6 Mana-ement? ,etirement Plannin-? Investment Plannin- and

0state & Tax Plannin-" The sections covered in this plan are outlined on the contents pa-e"

The followin-plan will assess your current situation and ma6e recommendations in line with your o23ectives2ased on

the information you have supplied re-ardin- your life situation" Many assumptions have 2een made" These will have to

2e confirmed and modified in the li-ht of actual events" The solutions adopted in this plan need to 2e re-ularlyreviewed"

*e ur-e you to study these recommendations carefully and will answer any @uestions you may have" ou need to

ma6e important decisions on the ur-ency and timin- of the issues dealt within this plan" The effort you have ta6en to

reach this point is well worthwhile" *e would advise you to re-ularly review and re1visit you plan in terms of chan-in-

o23ectives and chan-es to the lifestyle"

Tanwir Alam

3E Advisors



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Personal $etails

Client Details

Client Name

Client Type

Address

NamePAN

NamePAN

Associated Party Details

Contact TypeNameAddress




Contact Type

Address

Address:

Name:Address:


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Anupam and Praveen Family Goals

Please confirm the following list accurately reflects your financial planning objectives.

Short Term Goals (less than year!nTota"e control of our personal spendingnPutin place a life plan to cover insurance needsn#avea emergency fundn$nvestlump sum of %s.&'')edium Term Goals ( to & years!

nPurchasea #oliday #ome for %s. *'' in & years+ong Term Goals (& years or more!

n%etireat , years of age and a foreign tour at %s. &' per yearn-uya ar in / 0ears time for %s. &'n#ouserenovation in years time for %s. &'nSecurefunding for Grandchild higher education0ou need to understand the time hori1on for your goals can effect your investment plans. $t is always prudent to cover your short

term needs initially and then set aside funds for investments over the longer term.


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Personal $etailsWhat you Own Assets!

Home %s. *''.

Other Properties %s. ''.

%s. &''.

%s. &''.

%s. &''.

$ehicles%s. *''.

%s. *'.

What you Owe 'ia(ilities!

)ort#a#e

Personal 'oan

Net Worth

%s. '''.

%s. 2''.

*s+ ,-./-..-...+..

*s+ 0.-...+..1

Please note' it is prudent to share 3inancial Details with your advisor since we offer complete client confidentiality. 4e value your business andrelationship and would be committed to best service with you. The 5uality of our advice could get altered incase of inade5uacy of data shared by


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Anupam and Praveen Annual *ealth Creation

)aintaining good budgeting principles assists in managing your income and outgoings. Discipline in this area will reap significant

rewards in the future.

6ffective savings cannot ta"e place until you "now what you have to spare. $t is not something that you will achieve first time7 There

will always be something you have forgotten. The information you have given us must be ta"en as provisional until the budget has

run for a period. The important thing is that you "now what is happening to your hard earned money7 0ou must be in control.

The %ollowin# ta(le lists the income and e2penses that you have supplied:

Fi2ed 32penses

De(t *epayments

4nterest Payments

Transport

4nsurance

*ent5&onds

3ducation

6tilities

Food

Clothin#

Family "upport

)edical

*eplacement

*epairs

Discretionary 32penses

Donations

3ntertainment

Holidays

Newspapers

Pets

Total 32penses

Total "urplus

/'.

%s. &'.

%s. &'.

%s. *&'.

%s. *'.

%s. 2&'.

%s. 8'.

%s. &'.

%s. &'.

%s. &'.

%s. *'&.

%s. .

%s. '.

*s+ /-/7-8..+..

%s. .

%s. .

%s. &'.

%s. &'.

%s. .

%s. *'.

*s+ /-87-8..+..

*s+ /-9-8..+..


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Income 0xpenditure 4rea6down

Debt (9.,&:!

Ta; (.:!

Spare (8.*


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,etirement Plannin-

The above numericals support your needs and goals at various ages and their financial impact on your overall portfolio.

0ou are currently aged &' this projection shows the sustainability of drawing income from your savings of %s. *'' beginning at

age , through until age /&. This projection assumes that you will draw down capital as well as income to meet your total drawings.

4e observe based on your goals and aspirations you will be slow to accumulate assets upto age , and will then build assets very

5uic"ly during the retirement years to leave behind a good corpus for your family at your terminal age.

Age and $ncome Parametersn%etirementAge = ,n%etirement>verride Age = ,n+ife6;pectancy = /&n$ncome%e5uired = %s. *''.Assets

nurrentasset valuation %s. &''Savings ? 6;penses Period(s!

n%egularSavings @ Save %s. 2'' per year from the age of && to ,n>verseasTravel @ Save %s. &''@ per year from the age of , to ,&nPostalSavings @ Save %s. '' per year from the age of &* to &9Deposits?4ithdrawals

narPurchase @ 4ithdraw %s. &''@ at the age of &&n#ouse%enovation @ 4ithdraw %s. 2'&'@ at the age of &/n#oliday#ome @ 4ithdraw %s. *''@ at the age of ,Pensions

n4or"Pension @ %eceive a pension of %s. &'' per year starting at the age of ,The calculations in the life plan cashflow analysis is based on the following assumptions

nAllinputs reflect todays values and are captured within the analysis' and in turn are adjusted for the impact of inflationn%eturnsare calculated on an annual basis onlynThee;act age of the client establishes the annual cycles projection has an after ta; return of .: and an inflation rate of ,.: with an override interest rate of /.: and override age of ,.


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*ealth 'raph

A#e "avin#s Deposit Pension 3ducation 4ncome *e


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Implications for 0arly $emise Anupam

0ou are currently aged &' this projection shows the sustainability of drawing income from your savings of %s. *'' beginning at

age & through until age /&. This projection assumes that you will draw down capital as well as income to meet your total drawings.

Praveen' we advice you that you will be out of assets incase of Anupams demise at the current age' by another < years from now.

4e advice you appropriate life cover for Anupam and delay the purchase of your holiday home.

Age and $ncome Parametersn%etirementAge = &n%etirement>verride Age = ,n+ife6;pectancy = /&n$ncome%e5uired = %s. *''.Assets

nurrentasset valuation %s. &''

Savings ? 6;penses Period(s!n%egularSavings @ Save %s. 2'' per year from the age of && to ,n>verseasTravel @ Save %s. &''@ per year from the age of , to ,&nPostalSavings @ Save %s. '' per year from the age of &* to &9Deposits?4ithdrawals

narPurchase @ 4ithdraw %s. &''@ at the age of &&n

#ouse%enovation @ 4ithdraw %s. 2'&'@ at the age of &/

n#oliday#ome @ 4ithdraw %s. *''@ at the age of ,Pensions

n4or"Pension @ %eceive a pension of %s. &'' per year starting at the age of ,The calculations in the li%e plan cash%low analysis is (ased on the %ollowin# assumptions

nAllinputs reflect todays values and are captured within the analysis' and in turn are adjusted for the impact of inflationn%eturnsare calculated on an annual basis onlynThee;act age of the client establishes the annual cycle


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This pro=ection has an a%ter ta2 return o% ,.+.> and an in%lation rate o% ?+.> with an override interest

rate o% 0+.> and override a#e o% ?.+.

*ealth 'raph

A#e "avin#s Deposit Pensions 3ducation 4ncome *e


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Investment Plan 1 ample

urrent Situation

0ou are see"ing investment advice in relation to %s. &''.

$nvestment >bjectives

@our investment o(=ectives have (een listed as %ollows:

nBAccumulateassets to provide for a comfortable retirement income.BnBArrangean investment portfolio to reduce the ris" of lossBnBProvidean ade5uate standard of living for your family in the event of your deathBn

BSavemore money on a regular basisB

The %ollowin# statements de%ine your investor pro%ile as a &alanced investor:

26 Advisors see"s to manage your portfolio within the criteria set and will see" to give you e;posure to 3unds that are performing in

the top 5uartile and to adjust your assets allocation to meet current economic conditions whilst maintaining your $nvestment Profile.

)ost investments are medium to long@term. $nternational -ond 3unds are medium to long@term. -ond 3unds @2 yearsC shares &

yearsC property &@9 years. %eturns will always be dependent on current economic conditions and no absolute guarantee is possible.

At each review you are confirming the strategy adopted as detailed above. $f this is no longer appropriate you should notify your

advisor.Asset Allocation 1 &alanced

ash ;.//"//:


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ash (/.:!

Debt (8*.:!

65uity (&.:!

Property (/.:!

$nternational 65uity (*9.:!

Client uestionnaire De%ensive Conservative &alanced Growth A##ressive

ash

Debt

Gilt

Property

65uity

$nternational 65uity

Alternative Assets

"ector 4deal Percenta#e 4deal Amount Actual Amount

ash

Debt

Gilt

Property

65uity

$nternation

Alternative


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Portfolio ,ecommendations

Cash

4nvestment

#D3 ash )anagement 3und @ Savings Plan@Daily Dividend >ption

Aims at providing reasonable $ncome along with high li5uidity6ntry +oad= :

6;it +oad= :

De(t

4nvestment

S-$ )agnum )onthly $ncome Plan @ Growth

3T $ndia )onthly $ncome Plan@Growth

DSP -lac"%oc" Strategic -ond 3und @ %egular Plan @ Growth

Property

4nvestment

#D3 ash )anagement 3und @ Savings Plan@Daily Dividend >ption

#S- ash 3und @ %egular @ Growth

4nvestment

4nvestment

#D3 Growth 3und @ Growth >ption

$$$ Prudential Dynamic Plan@Growth >ption

%eliance 65uity 3und@Growth Plan@Growth >ption

DSP -lac"%oc" >pportunities 3und @ $nstitutional Plan @ Growth

AS$A #>T6+S +TD

3idelity 65uity 3und@Growth >ption

4nvestment

Sundaram Global Advantage 3und Growth

Amount

%s. ,'

%s. ,'

Amount

%s. '&9'&

%s. '&9'&

%s. '&9'&

Amount

%s. ,'

%s. ,'

Amount

%s. &,'*&

%s. &,'*&

%s. */'*&

%s. */'*&

%s. */'*&

%s. */'*&

Amount

%s. 8'&'

This is where your economic overview will appear+ This can (e updated as re


16/23

could have been the biggest E-an"ing ArmageddonF in history. Than"fully Governments and %eserve -an"s have wor"ed hard and

acted fast to help stimulate economies and mar"ets.

%ecent declines are providing some very good buying opportunities' as always with mar"ets' they overe;tend to the upside but also

to the downside. >ne fund manager had commented that the buying opportunities currently available are among the best he has

seen since the mid 9Fs oil shoc"s.

There is still a considerable amount of uncertainty in the mar"et with the credit crisis unfolding in the S. Holatility has been

unprecedented with volatility indices showing e;treme levels of volatility far in e;cess to other episodes of investor alarm' such as the

tech wrec"' and the significant corporate failures in early *. The e;cessive volatility has also been shown with indices li"e theDow Iones seeing swings in e;cess of ver the last * L 2 years we have been careful to withdraw money from the investments in shares and this has wor"ed very well.

Although $ndia is currently in a recession the significant reductions in interest rates and wea"ness in our currency will help the

recovery effort going forward. 4e have also been careful to withdraw money from the Shares in the last * years. The Sense; ended

down &2: for the last year. Those who failed to ta"e profit will be e;posed.

>pportunities

+isted property has not separated itself from the volatility over the last * months. Due to our previously high interest rates and the

implosions of some of the leading property trusts investors have become more cautious with the local sector. The decline in interest

rates is seen as a good sign for this sector as it should reduce their mortgage?financing costs. Share valuations are loo"ing very

attractive due to the current environment. ompanies' which are still ma"ing good profit and are light years ahead from where they

were even years ago' have been punished by investor sentiment. )ost companies are currently trading at the prices they had

achieved in the mid ctober last year. 4hile there is

good reason to believe that their domestic infrastructure will underpin the good growth in emerging mar"ets' more account needs to

be ta"en with their lin"s to their slowing trade partners.The emerging mar"et economies are still e;pected to grow faster than their

developed economy counterparts but at a slower rate than previously e;pected.

3inal 4ord

)ost forecasts seem to agree that there will be continued volatility throughout */ and into the early stages of *


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coming year will present buying opportunities for the brave.

Governments have been doing everything in their power to support economies including significantly reducing cash rates' providing

stimulus pac"ages for individuals' providing rescue pac"ages and funding lines to major institutions and providing capital guarantees

for ban"s and other financial institutions. This is a significant turnaround from past periods of unease' which provides much needed

support and confidence about mar"ets and economies going forward.

As always' we maintain a long term view= 4e recommend securing profits from areas that have seen strong growth' buying in times

of wea"ness and we recommend trying to ignore volatility (such as we are seeing now! as that is part and parcel of the long term

journey.

Our Current Port%olio *ecommendations

ash and 3i;ed $nterest

Cash: +i5uidity ranges from >n all to fficial ash %ate has meant a significant decline in cash returns. 3urther easing in monetary policy is

e;pected so this will inevitably have a significant impact on cash returns through to mid *ther +oans

6ducation eeds

>ther ash eeds

apital re5uired to supply income of %s. 2''. for & year(s!

for your survivors if invested with a . : return

Total 3state Assets *ether 3unds=

Total Funds Availa(le %rom 3state

Amount%s. 2'.

%s. *'&.

%s. ''.

%s. ''.

%s. &''.

%s. .

%s. **'/'/*2./&

*s+ 8.-B0-/?+./

%s. &'.

%s. .

%s. ''.

%s. .

*s+ ,-8.-...+..

0our current estate assets would be %s. 8


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,is6 Protection B >ealth Insurance

There are many different types of health insurance available. 4e recommend policies that have the ability to pay : of the costs.

Policies that only cover /: can leave you with a significant liability after major surgery.

4t is possi(le to reduce the cost o% health insurance in the %ollowin# ways:

. The policyholder can choose to pay an initial e;cess on any claim

*. Some policies reduce charges by not covering doctors visits and prescription charges. The above strategies are a way of 5

Jself@underwritingK and reducing cost and are another way of ma"ing an emergency cash fund wor" hard for you. 3or most people

this is the most cost effective solution.

)ajor )edical Analysis for Anupam )ishra

0ou have indicated that you do currently have e;isting )edical $nsurance cover.

Since you already have a )edical over of %s 2?@ with an e;isting insurance company we suggest you continue the same

policy and renew the policy from time to time

Any insurance


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Disclaimer

Dear )r A )ishra O )rs P )ishra'

The recommended products and strategies in this $mplementation Plan are to be read in conjunction with the 26 Advisors 3inancial

Plan (and its disclaimer! prepared specially for you. These recommendations given here flow out of an analysis of your $nvestment

Profile and your goals and objectives as presented to us.

4n addition- it is important to (e aware o% the %ollowin#:

n

Allmar"et lin"ed investment returns will reflect the performance of the underlying assets of the products you have chosen and

will goup and down with the value of the products assets.n4ithall international investments you are e;posed to the added ris" of currency fluctuations.n)ost$nvestments are medium to long term and the minimum investment term must be considered before ma"ing an investment

(3i;ed $nterest Trusts @2 yearsC Shares & yearsC Property &@9 years.

nAnyreport product information goods services or advice (BadviceB! given to you has been prepared from the informationsupplied tous from you. Any decisions made by you in reliance upon or in relation to such advice are to be made by you and notby

26 Advisors. 0ou are therefore e;clusively responsible for all acts and decisions in ma"ing any decisions in reliance on any advice

or materials supplied to us by you.

nAnycalculated projections or any predictions given by us to you are not guaranteed and are merely an e;pression ofopinion only and are not intended for other than illustration purposes only.

4hilst every care has been e;ercised and the advice and the statements made are based on information believed to be accurate that

no liability is accepted by 26 Advisors' or its employees or officers or outside suppliers of information for any error or omission

contained herein. $t is strongly recommended that this 5ualification be borne in mind when ma"ing any decisions in reliance upon any

of the advice contained herein. 0ou are e;clusively responsible for all such decisions. 3urther' our responsibility in connection with

anymaterials or advice given by us to you is supplied to you alone and neither we nor our employees either directly or indirectlyaccept any responsibility howsoever arising on any grounds whatsoever to any other party.

othing in the above disclaimer shall be read as limiting the rights and remedies available to persons under $ndian +aw

TanwirAlam

26 Advisors


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(224888313) Financial-plan Anupam

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Transcript of (224888313) Financial-plan Anupam