The Foundation of Financial Planning
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Transcript of The Foundation of Financial Planning
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The Foundation of Financial Planning
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The day as an Adviser
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www.fa.com.sg/chewhockbengwww.chewhockbeng.comwww.7capitalist.com
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Experience is something very personal and cannot be taught.
It teaches only to the the teachable.
Hence the teachable is able to shorten their learning curve.
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E & O.E.
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The 7 stages of Life
New Born : Learner : Worker : Accumulator : Preserver : Retiree : Giver
Creation : Accumulation : Protection : Investment : Taxation : Annuity : Legacy
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What is Financial Planning?
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Clarity
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Balanced
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Focus
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Confidence
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M.A.PP.E.D.Navigating your financial future
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What is our role?
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ABCDE
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The FA Model
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• The Agenda• The Process• The Service
Package
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The FP Process17
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HEARDThe Financial Advisory
Process
Chew Hock Beng & Associates
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Step 1Homework
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Step 2Engagement
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Step 3Analysis
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Step 4Recommendation
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Step 5Documentation
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• The Agenda ☑ • The Process ☑ • The Service Package
☑
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Parting Remarks
• What's your Big Rock in life?
• Know it! Learn it! Claim it!• Standardise, then
customise!
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Thank youChew Hock Beng
B.Eng, CLU, ChFC, CFOS, CFP, FSS, LUTCF, ACBC
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“old WISDOM + New Information = Money in
the Bank”- The Old Wise Man
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Money @ work or Man @ work?The secret to wealth creation is never to spend capital.We cannot eliminate financial risks but we certainly eliminate the integrity risk.Do you want to live off the capital you have or just the interest it earns?What is risk? The ability to liquidate your portfolio for full value at any given point of time.Purchasing Power Risk & Capital Risk.The more time you have, the more your money will grow. The less time you have, the more risk you must take to reach your goal.Health or Wealth, which do you prefer?
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• get it Right or get it Done?
• be a GEM, not a Vice!• less is MORE!
29 Thank you