Process

The Personal Financial Planning Process at ACE:

• STAGE I -INTRODUCTION MEETING

  In the first meeting we will explain the importance and process of financial planning to you. We will give you an understanding of how we can be of assistance and in which areas. We will also get a basic understanding of your objectives and goals. There will be no charges for this meeting.

• STAGE II -ENGAGEMENT FOR SERVICES

  If you decide to hire our services a formal Financial Planning Letter of Engagement will have to be signed.

  Once the Letter of Engagement is signed, we will understand your current situation and financial standing, the responsibilities and dreams for which you want to save and invest money, your relationship with money, life style, hobbies, career, etc.

  You will have to fill a Basic Data Sheet and provide us with documents we require in order to facilitate us in preparing a Personal Financial Plan for you.

• STAGE III -PREPARATION OF FINANCIAL PLAN

  On the basis of the Basic Data Sheet and the supporting documents we will:

  • Analyse your Current Financial Situation
  • Help you in Finalizing your Financial Goals
  • Prepare your Current Cash Flow Statement & Net Worth Statement
  • Make recommendations with reference to Maintenance of Contingency Fund, Risk Management & Insurance Planning, Loans / Debt Management, Investment Planning, Retirement Planning, Tax Efficiency Review, Estate Planning and other recommendations.

  {Kindly note: We neither write books of accounts nor file income tax returns for our clients}
• STAGE IV -IMPLEMENTATION OF FINANCIAL PLAN

  After preparing the plan, the next step is implementation of the financial plan. You can either implement the plan through us or on your own. If you decide to implement it on your own, then you will have to convey the same to us at the time of signing the 'Financial Planning Letter of Engagement'.

• STAGE V -REVIEW

  In these meetings we review the changes that have occurred in your life, changes could be in lifestyle, health and career prospects, changes in family such as marriage, birth or death, financial goals or aspirations.

  During these meetings we also review your financial health across income, expenses, assets (investments) and liabilities (borrowings). Besides quarterly review meetings, we can meet / communicate as and when there are queries or suggestions with respect to the financial plan.

  {Kindly note: Whether your financial plan is implemented through us or not meetings will be held quarterly i.e. four times in a financial year}