Key Components of Financial Planning Gazell Pettway, Jr Investment Consultant.
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Transcript of Key Components of Financial Planning Gazell Pettway, Jr Investment Consultant.
Key Components of Financial PlanningKey Components of Financial PlanningGazell Pettway, JrGazell Pettway, Jr
Investment ConsultantInvestment Consultant
Key Components of Financial PlanningKey Components of Financial PlanningGazell Pettway, JrGazell Pettway, Jr
Investment ConsultantInvestment Consultant
Key Components of Financial PlanningKey Components of Financial PlanningKey Components of Financial PlanningKey Components of Financial Planning
Financial positionFinancial position
Protection planningProtection planning
Investment planningInvestment planning
Tax planning strategiesTax planning strategies
Retirement planningRetirement planning
Estate Panning strategiesEstate Panning strategies
Client Benefits• Advice : How to create a successful financial
future.
• Formal plan: A process to keep clients involved in the financial planning process.
• Support: create a plan based on personal values, beliefs and financial goals.
• Service: Help clients make good choices and control their cycle of emotions.
• Advocate: A professional that cares.
The Value of a Financial Plan Survey
• Investors with a financial advisor and a formal financial plan:– Report they are nearly twice as likely to feel
confident about their financial futures
• > Of this group:– 88% have a clear financial vision– More than three quarters feel well prepared for
retirement– Three times as likely to have taken pro-active
steps during the volatile market– Twice as likely to have added money to their
accounts in the volatile market
Types of Investments• Insurance• Annuities• Stocks• Bonds• Mutual Funds• Real Estates ( REITS)• Alternative Investments
Types of investment Risk
• Systematic Index Market timing Opportunity Investing
• Unsystematic Diversification Predictability