Wealth Management

Wealth Management is for all. Unlike traditional notion that wealth management is only for wealthy is a misnomer now. InvestCare sees wealth management from two perspectives – Wealth Creation and Wealth Building. Wealth Building relates to wealthy investors who intend to maximize wealth from their existing portfolio. However, Wealth Creation applies to general mass who aspire to create wealth in due course of time. In either case, wealth management follows similar process of identifying objective, defining and executing strategies to achieve them.

InvestCare’s Wealth Management service incorporates Financial Planning, Portfolio Management and other aggregated financial services. With its long experience and tools in its kitty, InvestCare takes care of detailed process and execution for investors. With us, you can trust your wealth are in safe hands.

Financial planning is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a home, saving for your child’s education or planning for retirement.

"Our Expertise and Knowledge help you grow financially"

Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you pay off your mortgage faster or it might delay your retirement significantly. By viewing each financial decision as part of a whole, you can consider its short and long-term effects on your life goals. You can also adapt more easily to life changes and feel more secure that your goals are on track.

One of the many goals an individual need to keep in mind is the retirement. For most, retirement may seem far away, but the importance of starting now cannot be understated. In fact, the farther you are from retirement, the better placed you are in achieving the objective.

First, why we need to do retirement planning? The answer is simple. Retirement planning aims at capturing your financial requirements during your retirement. It is assumed that after retirement you will not be working. It means that there won’t be any source of income to support your household requirements. Naturally, you will need to live off your savings.

How much money would you need at the time of retirement? Is your current saving good enough to last your life? Is there anything you can do to make sure you have sufficient fund at retirement?

These questions get answered in retirement planning. The plan will tell you the retirement fund you will need and investment avenues you need to deploy in order to build the retirement fund.

And about the time – the more time you have, the better it is. Starting early gives you that crucial edge and comfort in handling your finance.

Each year thousands of new high school graduates head off to other cities and towns for their post-secondary education. The cost of getting admission into college is already sky rocketing. And then there are other costs such as accommodation and personal expense which are in no way small. How do you plan for education of your child? Here are a few primers.

Cost of education:

What type of education your child is planning to have? Are there plans to travel abroad for education? All these questions have significant implication on cost of education. Cost of making of an engineer is different than cost of making of a doctor or an MBA or a pilot. Planning education could be effective to understand education requirements.

Education inflation:

Cost of education is not going down in near future. On the contrary, education inflation is on a rise. Think of education cost 10 years down the line when your child is ready to go to college. It would be significantly higher than today. This is why you need a financial advisor that can design a plan to build a portfolio that allocates part of your funds for children education.

Taxes are here to stay and the best we can do is to plan for them. Tax planning is not just planning how to pay tax, but also maximizing benefits from it.

On the tax payment part, it is common to see people paying large part of tax towards the end of financial year. This may sound convenient but government does understand this. Paying tax in time is mandatory otherwise it may attract penalty, even if you pay all your taxes at the financial year end.

The most crucial part of tax planning is to use tax-saving schemes to create wealth. Saving tax helps in two ways. One, by actually saving some money that otherwise would go to the government. Second, by using the saved money for creating wealth. By not saving tax, you can neither save nor invest – you have lost an opportunity to create wealth.

Government offers various tax-saving schemes that one can use to create wealth. Tax planning helps connect the two.

"Insure your present; ensure the future of your family"

This is a process of planning the insurance needs of any individuals. Insurance Planning is concerned with ensuring adequate coverage against insurable risks. Calculating the right level of risk cover is a specialized activity, requiring considerable expertise. Proper Insurance Planning can help you look at the possibility of getting a wider coverage.

Insurance Planning takes into account the risks that surround you and then provides an adequate coverage against those risks. There is no risk not worth insuring yourself against, and insurance should first and foremost be looked as a measure to guard against risks – the risk of your dreams going awry due to events beyond your control.

Investment planning implements investment strategies according to the investor’s financial goals as identified in the process of financial planning. It essentially maps fund allocation to various asset classes in delivering the desired result while maintaining the risk appetite. In other words, investment planning designs a desired portfolio mix.

Investment planning helps achieve the following:

  • Growing wealth or generating regular income
  • Create future wealth
  • Design a balanced portfolio
  • Tax efficiency