Whenever we decide a certain goal whether it be in real life or corporate world a blueprint structured with strategy is needed to reach the desired point. It also involves formation of various steps to determine the progress at each stage. Likewise in the field of mutual fund market a standard procedure is needed to be followed in order to achieve the set objectives. The financial planning module in the Mutual Fund Software facilitates to derive the every material and relevant information of the investor which has potential to impact the portfolio of client.
About the Financial Planning:
The financial planning is process of assessing the risk of client at very initial stage before entering into the market of investment. It involves recording sources of aggregate income and expenses that helps to derive the risk factor associated with the investor. This module facilitates advisor to identify that whether the prospecting investor has capability to continue the income in the future or the sources may get lapse. The profile risk is developed after collecting information about all assets hold by the investors consisting of equity, debt, commodity and cash. The detail is recorded in an elaborated manner to form a best strategy for client that can be executed successfully. The financial planning is linked with Goal GPS because both involve setting goals but broadly the present module not only focuses only objective rather also prepares a strategy to achieve the same. The income and expenses ratios are calculated to know whether the investor generates sufficient funds for investment or just dived into the liabilities. The module also facilitates to cut down the possible expenses for wealth generation. The goals and liabilities of investors are balanced before allocating assets. Based on all collected details a financial plan is generated which shows a comprehensive report and profile of the investor.
Unique and Silent features of Financial Planning:
•A consolidated action plan is prepared for the investor after exact evaluation of profile.
•All assets and liabilities are considered for identifying risk factor.
•Income and expenses suggests about the potential of investment.
•Asset allocation and mapping is done to achieve the set objective.
•Linked with Goal GPS and same goals can be referred or adopted different.
•Various financial ratios are calculated to know the solvency and liquidity of investors.
•Info graphic and chart based report is generated to have a quick overview of financial status without going through text.
•Recommendations are provided to improve the ratios in order to enhance the portfolio.
•Net worth of the client is determined based on the assets and liabilities.
•Notifies and perform analysis for the life and health insurance.
•Facilitates to form a contingent fund to mitigate impact of an uncertain situation. For more information, visit @- https://www.redvisiontech.com/
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