The fee-based comprehensive financial plan is a program that provides you with the following benefits:

• Provides direction – in prioritizing your financial objectives and your actions toward achieving those objectives
• Instills discipline – With a good plan and a good planner, you will be better motivated to follow through the plan and avoid potential unfavorable detours
• Gives positive emotional  health – You will feel you are in greater control and have that peace of mind
• Creates a future you can look forward to – As the plan embodies your goals and values, you can look forward to a lifestyle which you had wanted it to be.

 A comprehensive financial plan must consider all aspects of your financial positions which include:

• All of your financial needs and objectives which have to be communicated to us; and
• We must utilize several integrated and coordinated planning strategies for fulfilling those needs and objectives. 

A comprehensive financial plan is:

• NOT about buying insurance
• NOT about buying a unit trust
• NOT about buying a stock

A comprehensive financial plan is:

• Almost NEVER offered to you because it is a professional service
• Something you have never experience

Is it necessarily to have such financial plan? Whether you know it or not, you have already done some financial planning. Financial planning is done when you are budgeting for the month’s expenses. You are also doing planning when you calculate the amount of mortgage loan you can afford when you want to buy a house. Some level of planning is also done when you seek to purchase a medical insurance or make an investment decision. The difference between these planning activities and Comprehensive Financial Planning is that the former is ad-hoc while the latter is systematically comprehensive.  

Ad-hoc planning is not advisable because: 

• It provides you with unclear direction for the future
• Tends to be in response to problems rather than preventing them.
• Some problems can be so great that it becomes an impossibility to solve it.

A Comprehensive Financial Plan is useful because:

• The systematic process will ensure “every stone” is not left unturned.
• The detailed process will ensure “every stone” is checked thoroughly.
• The financial plan is a “preventive” measure against potential problems in life. As the saying goes: prevention is better than cure.

Who is most suited for the Comprehensive Financial Planning service? Such a service is most suitable for those who have a sense of:

• Responsibility towards themselves – those who care for their own well being and concerned about their own future. Whether it is health, wealth, career or retirement - only an individual who cares and love him or herself will be appreciative of a Comprehensive Financial Plan.

• Responsibility towards their family – those who care for their love ones ensuring they are well looked regardless of the financial position of the sole breadwinner. In other words, only an individual who loves his family will appreciate a Comprehensive Financial Plan.

• Responsibility towards society – those who are determined to do what is necessary by ensuring that they or their family do not become a burden to society. If an individual or his family’s financial problems become unsolvable, society is obligated to assist. This eventually translates to high taxes and an increased burden for all members of society. In other words, only an individual who love his neighbor will be determined not to burden him and therefore will be most appreciative of a Comprehensive Financial Plan.

Do you have these three Rs ? If yes, a Comprehensive Financial Plan is well suited for you. Although you have our assurance such a service will be most value for money, such a service will not be cheap.  The Comprehensive Financial Planning service will not be cheap because: 

• Significant number of hours has to be put in for each case. Typically these will be ranging from 10 to 30 hours.
• Each plan has to be carefully drafted with special attention paid to details.
• We have our usual high overheads like all other businesses such as – rental, administrative staff, information technology maintenance and support, compliance monitoring, professional indemnity and the financial planner’s own remuneration. We will not pretend that we have no overhead.

Which do you prefer – someone who offers a comprehensive service but is transparent in fees or another who sells you products with unknown commissions with little planning service? Remember, that it is you as a client who ultimately pays that commission by having an inferior product or advice.

How do we charge our clients? There are two part of the Comprehensive Financial Planning service: Initial Planning and Retainer Service:

• Initial Planning – fees are charged based on an hourly rate which is dependent on the qualification of the financial planner and
• Retainer Service is an on-going service to help the client follow the initial plan. Such a service is charged either by a fixed quarterly fee or based on a percentage of the total asset under advice which in this context equals to the Networth of the client.

Both the Initial Planning fee and the on-going Retainer Service fee are paid by the client to us. These are not commissions.

If you are keen to engage our service, feel free to contact us at this link HERE.

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