I hear the term “Financial Planning” quite often – but what is it?
Financial planning is the process of bringing together issues as diverse but complementary as risk management and insurance, investment, taxation, retirement funding and estate planning, and the legal and financial obligations attached to each. At FAJ Financial, our Total Advice Process consist of five major steps: a) Identifying your goals and aspirations. b) Assessing your current financial status and structure. c) Agreeing on your objectives, and the strategies we will put in place to realize them. d) Establishing the time frames surrounding the implementation and realisation of your aspirations. e) Implementing the plan and regularly reviewing its performance, and adjusting or refining it where necessary.
