A financial plan is that special element that every individual who is committed to financial independence and peace of mind, should possess. It is very important to understand the meaning of financial planning and how having a financial planner by your side helps.
Financial planning in the modern world
‘Dynamic’ and ‘challenging’ are the best 2 words to describe financial planning in today’s times. Rising income and affordability have made consumers less sensitive to price rises. Retail & multiplex culture has increased the weekend budgets for families. Rising real estate costs has increased the burden of loans on home buyers and 50-60% of the monthly salaries are spent on EMIs and credit cards. Rising interest rates, falling interest rates, rising equity markets, falling equity markets, rising gold prices, rising petrol prices…the list goes on!! Among all these, providing for children education, hobbies, holidays and one’s retirement is a challenge worthy to be taken up. Your financial plan helps you in fulfilling these challenges and many more.
Your financial planner in the modern world
Relying on an insurance advisor for insurance, investment advisor for investments, tax advisor for tax-planning is passé. The new generation welcomes the new age financial planner who is capable of not only handling all these functions but also provides the much-needed guidance and direction at every crucial step where you look forward to some piece of sensible advice. These new-age financial planners believe in focusing on ‘clients’ and their ‘goals’ rather than believing in ‘investments’ and ‘commissions’.
About Arvind Rao
Arvind Rao is counted among these breed of new-age financial planners who founded ‘Dreamz Infinite Financial Planners’ in early 2006 with an aim to help people with practical and easy-to-implement solutions for their financial planning problems. He has been one of the pioneers to adopt the ‘fee-based’ approach for financial planning to help his advice being client-focussed. A qualified Chartered Accountant, Certified Financial Planner and a Certified Financial Manager, Arvind’s knowledge base is almost all encompassing. His vast & varied experience with financial planning and counselling only adds another much-needed dimension to developing all-round solutions.
He has been a contributing author to the course material on ‘Certified Public Finance Advisor’ certification offered by National Institute of Securities Markets. He has also co-authored a publication on ‘Taxation and Financial Planning for Expatriates’ released by the Committee on International Taxation of the Institute of Chartered Accountants of India.
He has been regularly contributing his thoughts and ideas to a number of financial publications like Business Standard, DNA Money, Hindustan Times, Financial Chronicle, The Week etc. He has also been a visiting faculty for courses on financial planning and is associated with esteemed institutions like ITM, Vashi.
About Dreamz Infinite Financial Planners (DIFP)
Dreamz Infinite Financial Planners was founded in July 2006 as a pioneering attempt to provide ethical, independent and uncomplicated consultancy services in personal finance. It may not be wrong to call us the mavericks in the ‘Personal Finance’ domain, since we strive to deliver holistic solutions to ensure the financial well-being of our clients. Whether it’s the simple task of ‘investing for saving taxes’ or complex decisions on ‘how much to provide for your retirement’ – we develop customised solutions for one and all.
What makes us different is our approach to the consulting function. We follow a strong client-centric and goal-oriented philosophy when it comes to financial advisory. ‘Transparency’ and ‘informed-decision making’ are the 2 most important attributes that drive our consulting practice. We are not affiliated to any investment / insurance companies or banks or any other financial intermediaries to sell or promote their products. We believe in our clients paying us for our advice rather than being paid by the product providers. This approach helps us be ‘Advisors’ and not ‘Sellers’. After all, your investment decisions should help you fill your pockets and not that of your advisors, RIGHT?
In personal finance, whether it is insurance, investments, taxes or sound product recommendations, we make money work for you. We believe in partnering our clients to optimise their resources and make an honest effort to achieve their objectives in the shortest-possible time.
You may not achieve everything you dream, but you won’t achieve anything unless you dream