Sample Financial Plan – Your Financial Planning Guide

I am getting lot of requests asking for a Sample Financial Plan. Many investors are not clear on what they will get through a financial plan. Important query is whether the plan contains generic suggestions only or it will include specific product recommendations.

I am writing this article to clear the doubts of the investors.

I give below the process in the preparation of the financial plan.

In the first stage, I will discuss with the client over phone/ Skype and brief him regarding the financial planning process. I will understand the profile of the client, his investment habits, investment preference, details of his family, financial position etc. I will brief him regarding my fee structure also.

If he is showing interest in going ahead with the financial plan, I will email him the Data Collection Format/ Letter of Engagement etc.

The client will return the filled in Data sheet/ Letter of Engagement/ copy of Aadhar for KYC along with my fee.

In most cases, there will be some data missing in the Data collection Sheet. I will connect with the client and collect the missing details. After this, I will do a review of the existing insurance/ investments etc and suggest changes, if there are any unproductive investments/ insurance in the portfolio.

Then, I will study his future financial goals and suggest the best suited investment options to reach these goals.

The financial planning covers Life Insurance/health insurance Planning, Children education/ marriage planning, Retirement Planning & Tax planning.

Then I will prepare the First Cut Calculations and send to the client. This is basically an excel sheet to explain the future value of each financial goals, types of investments suggested , types of insurance & value of insurance cover etc.

After getting the feedback from the client, I will modify the First cut Calculation, if there is any valid suggestion from the client.

Then I will prepare the Financial Plan and mail him. The financial plan will contain

1. The name of Term insurance policy, health insurance policy, Personal accident policy & amount of cover required.
2. Name of mutual funds (equity& debt) and the amount to be invested in each funds
3. Other investments like PPF suggested as per the goals.

The plan will be discussed with the client and  then client will start implementation of the Financial plan.

I will hand hold the client in implementing the financial plan. Most clients need help in investing in direct plan of mutual funds, purchase of online term policy etc.

The client can contact me anytime for any support in clarifying his queries. There are no restrictions in such calls.  I will do an half yearly review and suggest changes depending on the situation.

I have written articles on these common topics, which is also useful for clients.

How to Start SIP Online?

How to get CAMS statement Online?

How to buy Term Insurance Plan Online?

I am attaching a Sample Financial Plan for your reference.

Sample Financial Plan – Click on the below link to Download

Financial Planning Guide – Sample