There are many benefits of having a written financial plan. Most of all, writing a financial plan allows you to clearly define and document your financial goals for you to work towards. Other than that, it also allows for:

• An analysis of your financial position
• Better management of your finances
• Expert help in understanding financial products
• Professional opinion and advice

No financial plan is identical to another as each financial plan is curated especially for an individual client. However, the process of creating a financial plan follows the same flow and will include:

• An assessment of your current financial position – including your net worth position, asset management, cash flow management & tax analysis
• Writing out your life goals – short, medium and long term goals
• A financial planner’s advice to you – including expert recommendations, strategies and an action checklist
• Risk Planning & Estate Planning – including analyses & recommendations that are curated especially for you

Ask for a sample financial plan from us to understand better.

If your concern is simple and straightforward, you may be able to create your own financial plan. However, as the complexity of your financial situation rises, a financial planner would be beneficial in providing objective advice and offering different perspectives that you may have not considered, given their level of expertise and experience.

You may need a financial planner if:

• You need expertise you don’t possess in certain areas of finances
• You don’t have the time to do your own financial planning
• You don’t know where to start to improve your financial situation
• You want professional advice and opinions
• You are going through a major life event (i.e. marriage, illness, retirement)

A financial planner is a qualified professional who will help you meet your long-term financial goals. They will assess your financial position, discuss your goals, and devise and implement strategies to help you get to where you want to be in accordance with your risk preference.

Aside from dispensing financial advice, it is also a financial planner’s role to educate their clients. If you have any queries or worries relating to the financial plan, don’t hesitate to ask for clarification from your financial planner.

At Blueprint Planning, we match our planners to your needs. It is important to understand that although all of our planners are certified, some may not carry the licenses needed to provide you with the necessary advice or product related to your specific case. Therefore, we ensure that the financial planner matched for you is appropriately suited to your needs.

We invite you to learn more about our financial planners and how they can help you attain financial independence.

The most important part about choosing a financial planner is that you feel comfortable and can get along with them. This is because you will be working very closely with your financial planner during the entire financial planning process.

Here are a few key questions that you can ask your financial planner at your first meeting:

• What qualifications do you have?
• What is your specialty?
• How do you charge for your services?
• Are you a member of any industry associations or professional bodies?

No, the initial meeting is for you to get to know the planner and decide whether or not you wish to proceed with them. The first payment will come after you sign a Letter of Engagement (LoE).

It is important that we have a full and correct understanding of your goals and circumstances before we provide you any advice or services.

You have the rights to withhold any personal information should you wish to do so. However, our advice and services will be created based on the information provided. Thus, incomplete or inaccurate information may lead to inappropriate advice or services.

It is also important that you keep us updated of any changes to your circumstances so that we can determine if our advice continues to be appropriate.

Our financial planners are independent advisors that are not tied to any banks, unit trusts or insurance companies. They have the right to represent several companies and can therefore provide you with the most suitable products and services. Their incentive is not on selling products, but in growing with their clients.