FINC 490 course deals with a thorough review and analysis of financial planning principles and applications based on case studies. The main objective is to analyze and gather data, evaluate the impact of governmental regulations and economic changes and effectively communicate a comprehensive financial plan to clients. Topics include estates, taxes, debt, asset protection, credit, insurance, investments, economic theories, ethics, financial planning process, and risk.
What is Financial Planning?
Financial planning is the process of required capital estimation and determination of its competition. It’s a process of framing financial policies in relation to investment, procurement, and administration of funds of an enterprise.
Objectives of Financial Planning:
6 Steps of Financial Planning
Six steps of financial planning can be easily recalled by the acronym EGADIM, the letters that begin the first word of each step.
Establish the goal/relationship
Here the adviser introduces himself or herself and typically explains the financial planning process to a client or prospective client. The main purpose of establishing the goal or relationship is to form the foundation or purpose of planning itself i.e. to begin the financial journey with the clarification of a financial destination.
Gather relevant data
This is the step where you gather the information required to make recommendations for the appropriate strategies and financial products to reach your goals. Though you already have this information, it will be a wise thing to have it all written down so that you can visualize all of the necessary data required to make investment decisions i.e. to give yourself prudent “advice”.
Analyze the data
Once you gather the data, now it’s time to analyze it. Use a financial calculator to get initial assumptions. Most of the time, these initial assumptions are not quite enough to obtain the goal. So, you need to devise alternative solutions to reach your goal. You will get an idea about these alternative solutions in the next step.
Develop the plan
If your initial assumptions brought you a little short, then if you can handle taking more risk, you can increase your exposure to stocks in an aggressive portfolio of mutual funds and assume more rate of return. Then you can come close to your goal. Financial planning needs devising alternative solutions that are achievable for each individual.
Implement the plan
Here comes the most difficult part after planning; implementation. Though it may sound simple, most people find it more difficult in financial planning. It requires discipline and desire to put it into action. This step is to make your financial strategies achievable and to consider slowly moving up to desired saving rates rather than jumping into something which may be challenging if implemented too fast for your comfort level and budget.
Monitor the plan
Nothing remains constant except change. Plans too evolve and change just like life. So, the plan should be monitored and tweaked from time to time. There will be some financial changes beyond your control such as interest rates, tax law changes, inflation rates, economic recessions, and stock market fluctuations.
Best features of our Financial Plan Development assignment help service:
Plagiarism-free content: Professional and experienced writers work on the assignments and provide the best quality assignment papers from scratch. All the papers produced are original and without plagiarism. All the papers are run through Turnitin to check the originality.
Customized Assignment: Every requirement is different from others. Some assignments need a particular writing style and some need a particular referencing style. So assignment help will be customized according to the requirement of the student.
In-depth Analysis: Our highly qualified and experienced experts provide diagrams, figures, and information related to the solved assignment so that it will be easy to get a basic understanding of the assignment.
100% Reasonable: We provide the best services in the industry and our charges are very reasonable. Our prices are affordable by the students and we offer discounts for recurring clients.
Ph.D. Experts: All the experts at HelpwithAssignment hold doctorate degrees in the respective field. Also, they possess immense knowledge on the subject which is an added advantage for students.
On-time Delivery: Once we take up your assignment, don’t about the process and submission date. We complete your assignment within the given time and also provide enough time to proofread and make some necessary changes.
Cash Back Guarantee: Sometimes things just don’t work out in the way we expect to be! If you are not satisfied with the solution we have sent, we promise full cashback.
Testimonials of our Financial Plan Development assignment help customers:
I needed serious help with my Financial Plan Development assignment but was not sure how to find on the net. Luckily, in fact, very luckily I came across this website where the expert took time to understand the requirement of the assignment and also assisted me with the overall assignment. I kept on recommending this website to all my friends. –Hudson, June 2019
My main concern was having the relevant research and reference work required to be included in writing the financial plan development assignment solutions. The professors are very particular about referenced and researched assignments and with the finance plan development online experts at HelpWithAssignment, I never had to worry about that. I have received only the very best researched and 100% original financial plan development assignment papers from HwA. –Kevin, August 2019
Want to know how to proceed?
Fill up the tutoring help request form on the right or drop us an email at firstname.lastname@example.org. Feel free to contact our customer support on the company 24/7 Live chat or call us on 312-224-1615.
HelpwithAssignment provides timely help at affordable charges with detailed answers to your assignments, homework, research paper writing, research critique, case studies or term papers so that you get to understand your assignments better apart from having the answers. The team has helped a number of students pursuing education through regular and online universities, institutes or online Programs.
If you are here for the first time, you can request for a discount coupon, which can knock off upto 20% of the quoted price on any service.