Financial Planning Approaches. List and define the eight approaches to financial planning analysis and recommendations. The planner and client should mutually define the client’s personal and financial goals, needs and priorities.
That is why, we have created four distinctive and purposeful approaches to planning based on the needs of each cohort. In the present scenario the ability to plan the financial management approaches and managing resources efficiently is the basic ingredient. The pie chart is an effective analytical and illustrative tool for financial planning clients.
Financial planning is about managing and allocating resources in such a way that the organisational objectives can be achieved.
Financial planning is the only secret sauce of becoming wealthy predictably and it must handhold every individual differently at different life stages. Financial planning process step 5: Financial planning is about managing and allocating resources in such a way that the organisational objectives can be achieved. The team must then, thoroughly analyze the situation and come up with the most feasible technique or approaches or method to either avoid that risk or minimize its impact.
