What is Financial Planning?

Financial Planning is a comprehensive process of identifying your financial needs, life goals & charting out a plan with the Financial Planner in order to achieve them. The Financial goals can be of different types: some necessary and other discretionary. But if a plan is not laid out, then an individual’s quest to achieve the goals is hap-hazard and directionless.

Importance of Financial Planning


  1. Adequate funds have to be ensured.
  6. Financial Planning helps in reducing the uncertainties which can be a hindrance to growth of the company. This helps in ensuring stability and profitability in concern.

How you can achieve your financial Goals?

Once you already have an idea about your financial goals, then there are some ways to achieve it. You can work either yourself (self-plan) or work with an expert called as financial planner to implement that plan. You can expect independent & practical advice on various issues that may affect your wealth goals. These issues could be tax strategies, retirement planning, investment strategies, education planning etc. The Significance and steps of having a financial plan is as follows:

  1. Create your goals in life – It could be short, medium or long-term goals.
  2. Check out what assets & liabilities you already have-Write it.
  3. Consider evaluating your current financial position.
  4. Make your plan- develop a route for achieving those goals.
  5. Implementation is essential- Implement your plan first, then goes for changes and makes it happen.

Keep monitor & review your plan from time to time do adjustment if necessary.

Process of Financial Planning


Types of Financial Planning Services

Through its Financial Planning Service Elite offers a wide range of financial services to its clients:

  1. Goal/Need Assessment
  2. Investment Planning
  3. Retirement Planning
  4. Tax Planning
  5. Insurance Planning
  6. Asset Allocation Management:

Why need a financial planner?

Some people choose to do financial planning on their own, but some want to hire a certified financial planner, if they want to better manage their finances, but they aren’t sure about where to start. Sometimes we don’t have enough time to do our own financial planning. It also might happen that we have planned, but we need a professional advice. Moreover, the lack of expertise in certain areas like insurances, investments, taxes or retirement pave the way for financial planner.

Choose us as a financial planner

Elite Wealth Advisors Ltd is a best financial Advisors in Delhi, India. To achieve all your financial goals & future dreams, choose us as a financial planner.

Hire Now!

Schedule your Appointment with us

For any query regarding “Financial Planning” visit Financial Planning FAQs
You can also call us on 011-42445800 from 9:00 a.m. to 6:00 p.m. further, you can also mail to us on contact@elitewealth.in