Sunday, April 27, 2008
Saturday, April 26, 2008
Financial Planning is NOT EQUAL to Insurance
Most of the people today has been over approached by the so called "Financial Advisor" who are merely Insurance Agent. And most of the people today believe that they have done the so called "Financial Planning" which is merely Insurance planning.
In fact, insurance planning is just one of the many financial planning services and it is comparatively too easy to understand nowadays. And this, create the misunderstanding to many people that they don't really need a financial planner.
The purpose of this article is to share with you all the insight view of the comprehensive financial planning services. And I believe this would definately help you understand it better and make wise and careful decision on choosing it.
So, let's start. Following are the several major services in Financial Planning.
Retirement Planning
Based on the client's goals and needs, we help clients determine if current savings will be adequate to fund their retirement. If funds are not adequate, we develop a savings plan to help achieve their goals. If already in retirement, we develop a plan for management and withdraw of funds to provide for your income needs and minimize taxes.
Portfolio Review
Our portfolio review analyzes a client's current investments to ensure they are appropriate for the client's financial condition, risk tolerance and goals. Asset allocation changes are recommended along with specific investments to fund the allocations.
Tax Planning
We assist the client, working with their tax accountant, in developing strategies to reduce their income, gift and estate taxes. We also reduce the burden of tax preparation by providing detailed realized gain and loss information to you tax preparer.
Insurance
Although we do not sell insurance, we can review your current coverage and identify any gaps or overlaps is your coverage. We can also present ideas for reducing your premium costs. We evaluate life, property and casualty, disability and long-term care insurance.
Estate Planning
Wills and trusts are valuable tools to preserve and protect your wealth, provide for your dependents and reduce estate taxes. We can recommend various strategies to help you accomplish your goals. We can review your current wills, trusts, power of attorneys and other legal documents and work with your attorney (or recommend one) to develop your plan.
Other Specific Goals
In fact, insurance planning is just one of the many financial planning services and it is comparatively too easy to understand nowadays. And this, create the misunderstanding to many people that they don't really need a financial planner.
The purpose of this article is to share with you all the insight view of the comprehensive financial planning services. And I believe this would definately help you understand it better and make wise and careful decision on choosing it.
So, let's start. Following are the several major services in Financial Planning.
Retirement Planning
Based on the client's goals and needs, we help clients determine if current savings will be adequate to fund their retirement. If funds are not adequate, we develop a savings plan to help achieve their goals. If already in retirement, we develop a plan for management and withdraw of funds to provide for your income needs and minimize taxes.
Portfolio Review
Our portfolio review analyzes a client's current investments to ensure they are appropriate for the client's financial condition, risk tolerance and goals. Asset allocation changes are recommended along with specific investments to fund the allocations.
Tax Planning
We assist the client, working with their tax accountant, in developing strategies to reduce their income, gift and estate taxes. We also reduce the burden of tax preparation by providing detailed realized gain and loss information to you tax preparer.
Insurance
Although we do not sell insurance, we can review your current coverage and identify any gaps or overlaps is your coverage. We can also present ideas for reducing your premium costs. We evaluate life, property and casualty, disability and long-term care insurance.
Estate Planning
Wills and trusts are valuable tools to preserve and protect your wealth, provide for your dependents and reduce estate taxes. We can recommend various strategies to help you accomplish your goals. We can review your current wills, trusts, power of attorneys and other legal documents and work with your attorney (or recommend one) to develop your plan.
Other Specific Goals
Often clients have a specific problem or need they would like to discuss. Whatever your goals, we can develop a plan for you specific needs. These might include:
Monday, April 21, 2008
My Financial Planning Services
David, Pan Qi, Wealth Adviser with CIMB, provides financial plans and investment management for individuals and business owners. We help our clients with investments, retirement planning, tax minimization, cash flow analysis, risk analysis and estate planning.
Our mission is to partner with clients to establish and achieve the client's financial goals through objective planning and management of investment assets. We learn about you, your goals and requirements so we can effectively serve you.
OUR CLIENTS
Our clients come from a wide variety of backgrounds, family status and financial situations but most have a few common traits:
Most are baby boomers and young retirees looking to build and protect their retirement nest egg.
All want to form a long-term partnership with an independent, highly competent advisor they can trust.
YOUR FINANCIAL GOALS
A key to successful financial planning is to identify your personal goals, so that you are better placed to achieve them. We have found that clients wish to set many of the following goals. Which apply in your own case?
BUILD AND PROTECT my retirement nest egg
DEVELOP a plan which will enable me to maintain my standard of living in retirement
REDUCE my tax bill (including income, capital gains and estate taxes)
SAFEGUARD my family and property
REDUCE time spent managing and worrying about my financial affairs
BUILD a superior retirement plan for my small business
DEVELOP a plan to save for, and reduce the cost of college for my kids and grandkids
EXPAND my ability to give to charities
ORGANIZE my financial affairs
EVALUATE the purchase of real estate or other property
REDUCE personal, business and investment risks
Should you have similar concerns? Don't retain anymore, contact me now to schedule a free consultation.
David, Pan
Adviser, Wealth Management Group
CIMB-GK Securities Pte. Ltd.
Email: david.pan@cimb.com
Our mission is to partner with clients to establish and achieve the client's financial goals through objective planning and management of investment assets. We learn about you, your goals and requirements so we can effectively serve you.
OUR CLIENTS
Our clients come from a wide variety of backgrounds, family status and financial situations but most have a few common traits:
Most are baby boomers and young retirees looking to build and protect their retirement nest egg.
All want to form a long-term partnership with an independent, highly competent advisor they can trust.
YOUR FINANCIAL GOALS
A key to successful financial planning is to identify your personal goals, so that you are better placed to achieve them. We have found that clients wish to set many of the following goals. Which apply in your own case?
BUILD AND PROTECT my retirement nest egg
DEVELOP a plan which will enable me to maintain my standard of living in retirement
REDUCE my tax bill (including income, capital gains and estate taxes)
SAFEGUARD my family and property
REDUCE time spent managing and worrying about my financial affairs
BUILD a superior retirement plan for my small business
DEVELOP a plan to save for, and reduce the cost of college for my kids and grandkids
EXPAND my ability to give to charities
ORGANIZE my financial affairs
EVALUATE the purchase of real estate or other property
REDUCE personal, business and investment risks
Should you have similar concerns? Don't retain anymore, contact me now to schedule a free consultation.
David, Pan
Adviser, Wealth Management Group
CIMB-GK Securities Pte. Ltd.
Email: david.pan@cimb.com
Thursday, April 17, 2008
Wealth Management Services at CIMB-GK
We understand you have worked hard to accumulate your wealth and will always be looking for responsible ways to build and grow your wealth. At the CIMB-GK Wealth Management Group, we have what it takes to help you do just that and be with you every step of the way!
Your Personal Wealth Management Adviser
Our Wealth Management Advisers are experienced financial professionals. They know that achieving your financial goals is not about a hot investment tip or a smart trade. Instead, it requires a disciplined and systematic approach to investing.
When an Adviser is assigned to you, his or her top priority is to understand you and map out a sound financial plan that you can rely on even when short-term concerns may threaten to cloud your judgment.
Your Adviser will help you keep your financial plan updated, be it for your retirement, funding your children’s education or just simply your lifestyle needs, and reinforce your commitment to build a financially secure future for you and your family.
"Best Of Breed" Approach
We believe that no single product can help you achieve the wealth you desire. What we do is to represent you in identifying your exact needs. We then look for “best-of-breed” solutions from a wide range of financial products and services available to meet your financial needs.
For your concerns and enquiries, please contact me at david.pan@cimb.com to schedule a free consultation.
Your Personal Wealth Management Adviser
Our Wealth Management Advisers are experienced financial professionals. They know that achieving your financial goals is not about a hot investment tip or a smart trade. Instead, it requires a disciplined and systematic approach to investing.
When an Adviser is assigned to you, his or her top priority is to understand you and map out a sound financial plan that you can rely on even when short-term concerns may threaten to cloud your judgment.
Your Adviser will help you keep your financial plan updated, be it for your retirement, funding your children’s education or just simply your lifestyle needs, and reinforce your commitment to build a financially secure future for you and your family.
"Best Of Breed" Approach
We believe that no single product can help you achieve the wealth you desire. What we do is to represent you in identifying your exact needs. We then look for “best-of-breed” solutions from a wide range of financial products and services available to meet your financial needs.
- Equities
Access key Asian and US markets from the comfort of your seat via CIMBinvest (www.cimbinvest.com). Get price quotes, portfolio tools and read our highly rated research. - Share Margin Trading / Securities Borrowing
Open a margin trading account and leverage your capital to take advantage of timely investment opportunities. In addition, use our securities borrowing facility to hedge or arbitrage your investments in volatile stock markets. - Unit Trusts
At CIMB-GK, we believe that your investment portfolio should not be a disparate collection of unit trust funds, bought at different times and from different sources. Instead, we advocate an asset allocation approach to ensure that the funds selected are suitable for you. As investment markets are volatile, timely and professional advice is crucial. Choose from more than 300 unit trusts from more than 20 leading fund managers. More importantly, we can help you select and build a portfolio of funds that best suits your investment profile. - Personal Investment Portfolio Review (PIPR) Service
Our PIPR service will help you assess your current unit trust holdings and recommend an appropriate asset allocation for you. - The Personal Investment Plan (PIP)
You make all the investment decisions in the Personal Investment Plan (PIP), supported by your Wealth Management Adviser and our in-house research views. You enjoy UNLIMITED and FREE switching between different funds and fund managers. All that is needed is a one-time entry fee and an annual advisory fee. - The Asset Builder Portfolio (ABP)
We make all the investment decisions for you in the premium Asset Builder Portfolio (ABP) service. We will construct a unit trust portfolio based on the asset allocation most suitable for you, and then manage it on a discretionary basis. Sit back and enjoy low entry fees, unlimited and free fund switching, and consolidated reporting. - The Absolute Return Accumulator (ARA)
If you are too busy to keep abreast of markets, why not set up a discretionary investment portfolio that is personally managed for you. The Absolute Return Accumulator (ARA) aims to achieve absolute returns and allows you to relax while day-to-day decisions are made for you by our experienced investment managers. - Insurance Advisory Services
We are not representatives of insurance companies. Instead, we represent you and will find risk management solutions that are most appropriate for you. Our Wealth Management Advisers can provide you objective advice to find the most suitable insurance plan to meet your risk management needs, whether you are an individual or a business concern. - Financial Planning
We can help you design a financial plan that will be adjusted as your needs and circumstances change. Our Advisers are focused on building a long-term financial advisory relationship with you based on mutual trust. - Futures and Foreign Exchange
Leverage your investment portfolio in global markets just like any major institutional fund manager, without having to buy or sell the underlying component stocks. Access the world of international foreign exchange traders with a relatively small capital outlay by opening a Futures Margin Trading Account. - Accredited Investment Products
Speak with our Wealth Management Adviser and discover a world of investment opportunities such as hedge funds, direct investments and structured products that are not usually available to the average investor.
Start managing your financial future with the help of our Wealth Management Advisers. From time to time, you will also be invited to attend our seminars and workshops on key financial and lifestyle topics. Contact our Wealth Management Adviser today and discover what we can do for you!
For your concerns and enquiries, please contact me at david.pan@cimb.com to schedule a free consultation.
Saturday, April 12, 2008
SGD is going higher
With inflation forecast at over 5 per cent for the rest of the year, the Monetary Authority of Singapore on Thursday decided to allow an increase in the value of the Singapore dollar, by moving its trading range up.
Thursday, April 10, 2008
What is the difference between the CFP and ChFC designation?
CFP stands for Certified Financial Planner and this designation is awarded by the Financial Planning Association of Singapore (FPAS) in conjunction with the CFP Board of Standards. The CFP designation is the most recognised financial planning designation globally and there are approx. 60,000 licensees worldwide. CFP Practitioners are able to practice in other countries since the are recognised globally. The International Standards Organization (ISO) in Geneva, Switzerland is in the process of establishing global standards for personal financial planing and these standards will be based on the CFP six-step financial planning process. CFP Practitioners are recognised as objective advisers as they do not represent any one industry. In fact, CFP Practitioners are composed of leading bankers, fund managers, lawyers, accountants, stock brokers, private bankers and insurance advisors, which is why the designation is so highly recognised. CFP Practitioners are being promoted by FPAS, the CPF Board and the MCDS, through their 3-year public education campaign, as objective professionals that the public should seek out when requiring financial advice.
ChFC/S stands for Chartered Financial Consultant and this designation is awarded by the Singapore College for Insurance in conjunction with the American College. The "S" signifies that the designation is awarded locally in Singapore and holders must display this at all times. The ChFC designation has grown out of the insurance industry and as such, those pursuing it are primarily insurance agents.
ChFC/S stands for Chartered Financial Consultant and this designation is awarded by the Singapore College for Insurance in conjunction with the American College. The "S" signifies that the designation is awarded locally in Singapore and holders must display this at all times. The ChFC designation has grown out of the insurance industry and as such, those pursuing it are primarily insurance agents.
What is the difference between the CFP, CFA and CPA designations?
CFP stands for Certified Financial Planner. CFP Practitioners are financial planners and primarily advise individuals about a broad range of issues related to personal finances. This includes overall financial planning along with personal investment portfolio planning, insurance planning, retirement planning, tax and estate planning. CFP Practitioners offer a broad range of services directed at individuals and covering many areas related to personal finance.
CFA stands for Chartered Financial Analyst. CFA's are primarily investment professionals with a more narrow range of services as they are highly specialised investment professionals. In general, their activities are not geared toward providing advice to individuals. Instead, CFA's are employed as fund managers, research analysts, pension fund administrators, etc.
CPA stands for Certified Public Accountant. CPA's are primarily tax and audit professionals with a more narrow range of services as they are highly specialised tax and audit experts. In general, their activities are not geared toward providing advice to individuals. Instead, CPA's generally advise companies on tax and audit matters.
CFA stands for Chartered Financial Analyst. CFA's are primarily investment professionals with a more narrow range of services as they are highly specialised investment professionals. In general, their activities are not geared toward providing advice to individuals. Instead, CFA's are employed as fund managers, research analysts, pension fund administrators, etc.
CPA stands for Certified Public Accountant. CPA's are primarily tax and audit professionals with a more narrow range of services as they are highly specialised tax and audit experts. In general, their activities are not geared toward providing advice to individuals. Instead, CPA's generally advise companies on tax and audit matters.
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