effective financial planning for the individual
TRANSCRIPT
effectivefinancial planning
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contents• Why you need a plan• What does Old Mutual Personal Financial Advice offer • Who we are• The planning process• The elements of a financial plan
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WHY YOU NeeD A PLAN
“YOu Are FlYing blind iF YOu FAil TO drAW uP A PlAn” – Personal Finance
“FinAnciAl PlAnning shOuld, siMPlY, be AbOuT sTrATegies ThAT creATe, Preserve And grOW YOur WeAlTh bAsed AT everY POinT On YOur needs” – bruce cameron
DETOURS
WHERE ARE YOU ON THE LIFE STAGE MAP?
ESTABLISHED FAMILY
MARRIED
THE STUDENTSTUDENTTHE YOUNG
PROFESSIONALWORKING PROFESSIONAL
NEW PARENTS
THE YOUNG PROFESSIONALSINGLE PARENT
EMPTY NESTERRETIRED
As your life changes, so too do your financial needs. It’s important to
review your plan often to accommodate these changes.
DETOUR DEATH
DETOUR RETRENCHMENT
DETOUR DIVORCE
DETOUR DEBT
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lifE StAGeSPlace your mouse cursor over the relevant stage to view more.
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WHaT DOES PeRSONAL fiNANciAL ADvice OffeR?
• Quality, goals-based financial advice Through holistic financial planning
• ongoing financial advice delivered by a professional financial adviser
• a comprehensive personalised plan for life should your circumstances change, your financial plan will too
• backed by old mutual
“iT All begins WiTh A PlAn ... a plan for life.”
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WHO WE aRE
USA
fRANceGeRMANY
UK
cOLOMBiA
SPAiN
SOUtH AfRicA
itALY
POLAND
AUStRiA
cHiNA
iNDiA
ZiMBABWe
MALAWiBOtSWANA
NAMiBiA
KeNYA
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DETOURS
WHERE ARE YOU ON THE LIFE STAGE MAP?
ESTABLISHED FAMILY
MARRIED
THE STUDENTSTUDENTTHE YOUNG
PROFESSIONALWORKING PROFESSIONAL
NEW PARENTS
THE YOUNG PROFESSIONALSINGLE PARENT
EMPTY NESTERRETIRED
As your life changes, so too do your financial needs. It’s important to
review your plan often to accommodate these changes.
DETOUR DEATH
DETOUR RETRENCHMENT
DETOUR DIVORCE
DETOUR DEBT
SOLUtiON
WeALtHcReAtiON
PROtectiON Of WeALtH
SHORt teRM MeDiUM teRM LONG teRM
GOALS
RiSK PLANNiNG iNveStMeNt/SAviNGS RetiReMeNt PLANNiNG
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tHe PLANNiNG PROceSS
understandingyou better
gathering personal and
financial information
1
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tHe PLANNiNG PROceSS
discovering your hopes and dreams
gathering personal and
financial information
1
planning ahead and
confirming financial
goals
2
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tHe PLANNiNG PROceSS
taking a closer look
gathering personal and
financial information
1
conducting a comprehensive
financial needs analysis
3
planning ahead and
confirming financial
goals
2
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tHe PLANNiNG PROceSS
the Way forWard
gathering personal and
financial information
1
recommending solutions
4
conducting a comprehensive
financial needs analysis
3
planning ahead and
confirming financial
goals
2
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tHe PLANNiNG PROceSS
the plan
gathering personal and
financial information
1
recommending solutions
4
implementing solutions or compromises
5conducting a
comprehensive financial
needs analysis
3
planning ahead and
confirming financial
goals
2
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tHe PLANNiNG PROceSS
revieWing the Journey
gathering personal and
financial information
1
recommending solutions
4
implementing solutions or compromises
5conducting a
comprehensive financial
needs analysis
3
revieWing solutions
and making changes
6planning ahead and
confirming financial
goals
2