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Our job at MFA is to connect with people, understand their needs at a core level, and then develop and deliver solutions that fit and work for them. Our philosophy is to help people realize that when you live your values, you're honouring yourself, and your life is aligned with the things that are most important to you. The more time you can spend doing, and living by, the things that are most important to you, the happier you're going to be. Focusing on your values, give you the motivation to achieve.
We so data gathering when we start any engagement so we have sufficient information about the employee as needed. Initially we can help the clients by defining their goals, prioritizing their needs, identifying appropriate insurances & loans if any, make systematic investments. As and when they progress then can get a comprehensive financial planning exercise done from us.
We also review their portfolio regularly over time and do any course correction that might be required. They can also call us for any new product analysis that they might require and to understand it’s suitability for them.
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We assist our clients to
- Establish where they are now - net worth, income, expenses, debt, etc.
- Record, evaluate and direct the flow of money in their life.
- Enact small, systematic, daily changes to transform their life.
- Make informed decisions about personal finances based upon a greater understanding of your money options.
- Develop simple strategies that work every bit as soundly in bad times as in good times.
- Succeed in the process of financial responsibility.
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We create a comprehensive 40-50 page written financial strategy that delivers the following
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Cash Flow & Debt Management : How much loan should you take? What kind of loans should you be taking? How much should you save? How to reduce your liability and enhance savings ? Why is more money never the solution?
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Risk Management & Insurance Planning : Understanding all the financial risks you and your family face? Determining whether you need Life Insurance and if so how much Life Insurance do you need. Identifying appropriate policy keeping your needs in mind. Determining the kind of medical, critical illness, disability , asset protection insurance you or your family might need. What kind of policies should you avoid? How should you save lots of money here by staying away from junk policies?
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Investment Planning : Helping firm up your financial goals. Determining your asset allocation based on your overall financial situation. Identifying appropriate investments. Implement the recommendations. Reviewing the portfolio and recommending appropriate changes.
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Tax Planning : How to maximize post tax income? How best to utilize tax exemptions and tax advantaged investments such as PPF, EPF , VPF? Do loans really help to reduce tax liability and should you be using it? Advice on Capital Gains arising from Real Estate transactions or any capital asset.
- Retirement & Estate Planning : We will address the six most important questions in the retirement planning program.
- When should I retire?
- How much will I need?
- What type of investments should I make?
- What are the tax implications of the investments?
- How will I meet my housing needs?
- How will I meet old age Healthcare costs?
- Retirement Goals
- Contingency Needs
- Insurance
- Responsibilities
- Retirement Income
- Aspirations- Travel, Philanthropic and others
- Creation of a Will, Power of Attorney & Trust
- Comprehensive Financial Plan : A written plan encompassing all of the above.
- Implementation of Financial Plan Recommendations.
- Regular reviews and advise on new opportunities.
- Routine matters such as Applying for a PAN Card, Getting KYC done, getting all investments and insurance related transactions done.
- Real Estate: Advise and evaluation of the opportunity, affordability and scenario. When to buy and what kind of real estate to buy? What kind of loans to be taken and the best rates on offer?
- Continuous Education through our Training arm on various areas of financial planning.
This will typically include
- 2-3 Hour Session of Establishing Client Planner relationship and Defining Client Goals session.
- 1-3 Hour Follow-up session or call with Client for additional details and questions.
- 30-50 hour Financial Plan Analysis and Construction (Writing the Financial Plan).
- 3 Hour session for presenting financial plan and recommendations.
- Implementation of plan + Back Office effort.
- Reviewing Financial Plan on a quarterly or semi annual basis as required.
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