FINANCIAL PLANNING

Your First Financial Plan

If you were about to build your dream home would you first employ an architect to draw up some plans, or would you rush down to the local builders merchant and buy up this weeks special offers?
The same could also be said when it comes to planning your financial future and the last thing on a financial planner's mind when you first meet should be the sale of a product - the client's needs and providing relevant advice via a solid financial strategy are far more important considerations.

Most financial services companies, particularly unit trust companies offer a full suite of unit trust funds to suit almost every investment need, from growing capital to providing income.

There is also a tendency by some local institutions to offer all sorts of incentives, from mobile phones to getting rebates when buying items or services from particular department stores, all this clouds the issue and has nothing to do with financial planning. Read Full Article.