Financial Assessment is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a house, saving for your child’s higher education or planning for retirement. The Financial Assessment Process consists of six steps that help you take a ‘big picture’ look at where you are currently. Using these six steps, you can work out where you are now, what you may need in the future and what you must do to reach your goals. The process involves gathering relevant financial information, setting life goals, examining your current financial status and coming up with a strategy or plan for how you can meet your goals given your current situation and future plans.
Benefits of Financial Assessment:
Financial Assessment provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you pay off your mortgage faster or it might delay your retirement significantly. By viewing each financial decision as part of the whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.
Need for Financial Assessment:
Financial assessment offers a coordinated and comprehensive approach to helping you achieve your personal and reasonable financial goals. Building, managing and preserving wealth is not an easy task. Maybe you have recently retired and are concerned about outliving your nest egg. Perhaps you are a baby boomer trying to plan for a secure retirement. Maybe you are part of the “sandwich generation”, caring for your own children at home while also caring for the needs of aging parents. Maybe you are recently widowed or divorced with all of the complications that these life challenges bring. Maybe you have accumulated substantial wealth and want to protect your assets from lawsuits, spendthrift relatives, divorce or other potential threats not only to yourself but also to your heirs. Further complicating the financial landscape is the vast array of advisors and publications that typically offer conflicting opinions and advice. Fortunately, CERTIFIED FINANCIAL PLANNER™ practitioners are available to assist you in the process of developing a sound financial plan. Selecting appropriate investments is simply one ingredient in the recipe for an effective financial plan that should also include retirement and estate planning. An experienced financial assessment team will help you to :
1. IDENTIFY YOUR GOALS.
2. UNDERSTAND YOUR CURRENT SITUATION.
3. DEVELOP A PLAN THAT ADDRESSES YOUR GOALS WITH YOUR RISK TOLERANCE IN MIND.
4. IMPLEMENT AND MONITOR THE FINANCIAL PLAN
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I know Mr. Bhaduri since 2016 and he has been taking care of my financial portfolio since then. I trust his suggestions and have immense faith in his vision. The mobile app is a wonderful dashboard for customers like us. Special thanks to Mr. Kishore who is extremely polite and well behaved and is never tired of providing solutions even if it is beyond his working hours.
The new website and added features are very good . Gives clear picture and insight on portfolio.
The website and the mobile application is very user friendly. Every minute details are very well demonstrated in graphical format which makes user to understand very quickly . Very proud and happy to be part of Finowlish who are always ready to help and guide. Thank you .
I am a retired Jailor residing in Ranchi. I would like to thank Mr. S.K. Bhaduri Director of Finowlish for his wonderful efforts in doing wealth management for me. I happened to know Mr. S.K. Bhaduri since the year 2000, when he used to guide people on their investments and insurance plans. In all these 13 years he advised me in a quite a numbers of occasions. He had always been such a helping hand for getting my finances in
I have invested my entire retirement fund through “Finowlish” about three years back. I am quite happy with the way they have handled my fund. They are sincere, provide various options to investors and also provide expert opinion for the investor to decide. They also provide good post-Investment services. I wish them more success in future".
Finowlish is the leading investment advisory house. In my transferable job investing in right products at the right time was very difficult for me. Shaibal Kumar Bhaduri and his dedicated and qualified team made investment joyous for me and helped me to earn good profits by their impeccable advisory services.
I would like to declare that I am satisfied with the guideline prepared by Shaibal Kr. Bhaduri Director of Finowlish and his Team for my financial planning. Comparing to other experts I am glad to say that his recommendation for investment to the selected fund are best at present. In my opinion this type of financial planning is essential and helpful for leading a peaceful life.