Approach

Client Experience

A comprehensive financial plan includes Cash Flow planning, Personal Risk Management, Investment Management, Retirement Planning, Tax and Estate Planning.

A change or more in any of these areas may affect you in achieving your financial goals. Developing a financial program requires a step-by-step process. The main focus of your financial plan should be setting realistic financial goals and objectives and achieving them.

The six-step financial planning process that follows encompasses the following:

1. Establish a Client-Planner relationship
Karen will work towards a “meeting of minds” to understand your aspirations. With this compatibility established, she will be able to work with you towards meeting your expectations and achieving your financial goals.

2. Client Data Gathering and Defining Goals & Objectives
Karen will analyze your present situation by collecting and assessing all relevant data – assets and investments, wills, insurance policies, tax returns, employee benefits, sources of your income and your expenses. She then helps you identify financial and personal goals and ensure that they are realistic.

3. Analysis of Current Financial Plans
She focuses on specific problems that stand in the way of those goals. They could be inadequate cash flow, underperforming investments and insurance plans that do not address your needs.

4. Development of Comprehensive Financial Program
After scrutinizing all the information provided, Karen will come up with specific recommendations to help you achieve your financial objectives.

5. Implementation & Execution
Karen will then proceed to implement the recommendations agreed upon and coordinate meetings with other specialists (for example trust and legal advisor) if appropriate.

6. Periodic Review & Update
Karen will conduct periodic reviews and introduce revisions to your plans if need be. You will be updated about current economic conditions and new investment opportunities. Periodic reviews are done to ensure that you are sailing in the right direction in reaching your goals.

How to Get Started

Your First Meeting
Your initial meeting with Karen will be relaxed and informal and you are most welcome to ask questions. The first meeting is to get to know YOU, your lifestyle goals, your needs and your concerns. It is useful for you to have an idea of your current financial picture as your daily finances have a direct impact on your financial future.  When you decide to work with Karen, she will schedule a follow-up meeting to gather more detailed information to start putting together a financial program.

Your Second Meeting - What to expect at the second appointment

Karen Listens
To tailor a financial plan that meets your specific needs, Karen will need to know what’s important to you. She will ask about your family, your job, your current finances, your priorities.

Karen Understands
Karen  will ask in-depth questions about your dreams and goals.

Karen Discusses
Karen will explain our approach to creating a comprehensive financial plan and answer your questions.

Karen Reviews
Together, you and the advisor will explore the details of the planning and find out how a financial plan could help you reach your goals.

Other talking points might include:

- The investment options, products and services that could fit into your financial plan
- The fee structure or the commission based model
- An agreement on next steps

To have a productive meeting, it is recommended that you have the following information ready.

1. Investment documents

• Unit trusts
• Fixed/Forex deposits
• Stocks/Options/Warrants/Futures
• Capital Guaranteed/Protected products
• CPF statement (CPF Ordinary, Special and Medisave Accounts)

2. Insurance documents

3. Outstanding loan details (if applicable)

• Loan amount
• Repayment (cash / CPF)
• Remaining loan tenure
• Interest rate
• Lock-in period

Your Third Meeting
Karen would have evaluated the information you have provided and arrived at a personalized program for you.

1. Present and implement the financial plan
Karen will present a financial plan based on your details, dreams and goals. You will review the plan’s recommendations together, and you can suggest adjustments if necessary. You can now put your financial plan into action and decide how often you’d like to have follow-up meetings.

2. Ongoing financial planning
The advisor’s main job now is helping you stay on track. During each follow-up financial plan meeting, you and an advisor will review your plan and your progress and make adjustments as needed. You keep the advisor up-to-date on anything that might affect your plan (marriage, job change, birth of a child, new business etc.).