• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
financial planner in Chennai

Financial Planners in Chennai | Financial advisor in Chennai | Assuredgain | Chennai | India

Chennai's #1 Financial Advisor & Planner

  • Home
  • About Us
    • Why Us – Best financial advisor in chennai
    • Employee Financial Wellness Program
    • Free Consultation With chennai’s No.1 Financial Adviser
  • Our services
    • Insurance Planning-
    • Tax planning
    • Investment Planning
    • Child Future Planning
    • Retirement Planning.
    • Employee Financial Wellness Program
  • Blog
  • Contact Us
  • Terms & Condition
  • Privacy Policy

Financial Planning FAQs

November 5, 2019 by assuredgain


Why should I hire a financial planner to manage my money?

A financial planner will be able to connect all of the financial dots in order to provide you with an overall plan to meet your financial goals. He or she should have training and experience in all kinds of financial products and financial aspects of your life – equities, bonds, insurance, taxes, and estate planning – in order to make the right recommendations for your personal situation. A financial planner can also save you thousands of rupee in tax deductions and find higher-yielding investment products at little or no extra risk

Do I need a financial planner?

You need financial planning advice at every step of your financial life and in all different circumstances be it changing jobs, comfortable retirement, Cash flow arrangement for a big purchase, life changing event like marriage, suddenly single, divorce, protection to family, leaving or receiving inheritances etc.

Who is the best financial planner in Chennai?

Before you set out to choose a financial planner, do make sure the following criteria are met
i. Are they professionally qualified? – CFP or CPFA is the basic qualification for a professional financial planner.
ii. Risk profiling – it is mandatory to carry out a scientific assessment of one’s risk profile. The risk profile enables the adviser to better understand you and make recommendations that are the right fit for you.
iii. Holistic – Does your advisor consider your needs/goals before chalking out a plan for financial planning/ investing?
v. Experience – How long have they been in the industry? Financial Advisors should have a minimum experience of 4-5 years in the relevant industry.
vi. Ethics – Are they ethical, honest and competent in discharge of their services? We need to make sure that the advisor is transparent, unbiased and will not push products. This is imperative so we can trust the advisor. One company that I feel meets all the above-mentioned criteria is AssuredGain Financial Planners.

Can I do my own financial planning?

Yes, you can. There are many software, blogs; self-help books are available in the market and on internet which will help you get your own financial plan done. But as I said financial planning is a process which requires regular reviews of the financial situation, tax laws, cash flow arrangements, investment performance, re-balancing of asset allocation , risk profiling , legal issues in case of estate/tax planning etc. If you feel that you can handle all such instances well and you have enough time available with you for that then yes go ahead.

How can I pick a good financial planner?


Choose a financial planner who has experience dealing with clients in similar circumstances to yours. You’ll also want to make sure that the financial planner has your best interests in mind. Interview prospective financial planners and ask them about credentials, management strategies. Call up past clients as references.

I don’t have enough income to plan for. By the way what’s the minimum income criterion to go ahead with this financial planning exercise?


Till date I couldn’t be able to understand what is the definition of enough income. No income is enough if you don’t have control on your expenses. Every one has some financial goals to achieve in life , some are certain and some can be avoided or postponed. Its all about priority. You just have to be disciplined and structured in your savings and spending approach. Financial planning will help you in everything.

How often the financial plan should be reviewed?

Financial plan is prepared keeping in mind all the possibilities which can happen in future. So there is no need to review the entire plan in mid of the year. Do it annually. If there’s some major change in your financial profile like loss of job, receiving inheritance or windfall gain, some accident etc. then it is better to review the plan in mid of the year. But you may review the different parts of plan like investments, insurance, taxes etc. on quarterly basis too.

Why financial planners ask so much detailed information? What if I don’t want to share the complete information?

When we are working on your financial life we need to understand every part of it. Unless we have your expense details how can we work on the budget or surplus, unless we have your income details how can we work on taxes, unless we have your assets and liabilities detail how can we figure out if you are in right asset class or are paying high on interest…etc. Every area of your financial life is important to work on if you need a proper financial planning to be done.

What’s the difference between financial planning and retirement planning?

Financial planning covers all aspects of a person’s financial well-being. This includes savings, investments, retirement and college savings plans, insurance coverage, and estate planning. Retirement planning covers only investments made for retirement.

[ninja_form id=1]	

YOU CAN ALSO FOLLOW US ON : FACEBOOK, TWITTER, INSTAGRAM, QUORA, WHATSAPP

Related posts:

  1. 30-30 Challenge in Financial Planning

Primary Sidebar

Recent Posts

  • Life Insurance Tax Hike 2023- What You Need to Know to Protect Your Finances
  • SBI Life Retire Smart Pension Plan Reviews – Good or bad?
  • What is succession planning and why its important?
  • Bajaj Allianz Life Guaranteed Pension Goal Review- A Guaranteed Trap
  • 2021 Guide to Term life vs Whole life insurance

About Us

AssuredGain is a leading wealth management firm specialising in financial planning based in Chennai. We offer all the services traditional financial planners offer, except that at AssuredGain, we do things a little differently……and these differences mean we’re able to maximise your financial success and help you enjoy today – and retire life ready, certain you have enough.

More About Us

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Archives

  • February 2023
  • March 2022
  • November 2021
  • July 2021
  • March 2021
  • October 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • August 2019
  • July 2019
  • May 2019
  • March 2019
  • September 2018
  • June 2018
  • December 2017
  • July 2017
  • March 2017
  • May 2015
  • November 2014
  • July 2014
  • May 2014
  • April 2014
  • February 2014
  • January 2014
  • December 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012

Connect with Us

Address: 5/318, Old Mahabalipuram Road, Oggiyampet, Chennai: 600097
Phone: +91-7200039282
Email: info@assuredgain.com

  • +91-7200039282
  • info@assuredgain.com

Tags

Advanced planning Bajaj Allianz- Best financial planner in Chennai best retirement planning india Certified financial planner Chennai Chennai Chennai Financial planning education planning Financial Advisor financial freedom financial planner chennai Financial Planning Financial planning chennai Financial planning for singles financial products for women health insurance investment Investment Advice Investor Education LIC policy life insurance Money Money & Finances NCFM ncfm exam ncfm registration ncfm study material Permanent Total Disability personal accident policy policyholder Rajiv Gandhi Equity Savings Scheme real estate Real estate investments retirement planning for seniors retirement plans india retirement plans india best Save Tax savings sensex stockmarket Tax planning Wealth Coach wealth management wealth manager Wealth Protection | Tagged insurance

Our Newsletter

Subscribe to our newsletter to get the latest updates from our blog. We respect your privacy.
+91 72000 39282

About Us

Footer

© 2022 ASSUREDGAIN FINANCIAL PLANNERS | All Rights Reserved.