effectivefinancial planning

2

contents• Why you need a plan• What does Old Mutual Personal Financial Advice offer • Who we are• The planning process• The elements of a financial plan

3

WHY YOU NeeD A PLAN

“YOu Are FlYing blind iF YOu FAil TO drAW uP A PlAn” – Personal Finance

“FinAnciAl PlAnning shOuld, siMPlY, be AbOuT sTrATegies ThAT creATe, Preserve And grOW YOur WeAlTh bAsed AT everY POinT On YOur needs” – bruce cameron

DETOURS

WHERE ARE YOU ON THE LIFE STAGE MAP?

ESTABLISHED FAMILY

MARRIED

THE STUDENTSTUDENTTHE YOUNG

PROFESSIONALWORKING PROFESSIONAL

NEW PARENTS

THE YOUNG PROFESSIONALSINGLE PARENT

EMPTY NESTERRETIRED

As your life changes, so too do your financial needs. It’s important to

review your plan often to accommodate these changes.

DETOUR DEATH

DETOUR RETRENCHMENT

DETOUR DIVORCE

DETOUR DEBT

4

lifE StAGeSPlace your mouse cursor over the relevant stage to view more.

5

WHaT DOES PeRSONAL fiNANciAL ADvice OffeR?

• Quality, goals-based financial advice Through holistic financial planning

• ongoing financial advice delivered by a professional financial adviser

• a comprehensive personalised plan for life should your circumstances change, your financial plan will too

• backed by old mutual

“iT All begins WiTh A PlAn ... a plan for life.”

6

WHO WE aRE

USA

fRANceGeRMANY

UK

cOLOMBiA

SPAiN

SOUtH AfRicA

itALY

POLAND

AUStRiA

cHiNA

iNDiA

ZiMBABWe

MALAWiBOtSWANA

NAMiBiA

KeNYA

7

DETOURS

WHERE ARE YOU ON THE LIFE STAGE MAP?

ESTABLISHED FAMILY

MARRIED

THE STUDENTSTUDENTTHE YOUNG

PROFESSIONALWORKING PROFESSIONAL

NEW PARENTS

THE YOUNG PROFESSIONALSINGLE PARENT

EMPTY NESTERRETIRED

As your life changes, so too do your financial needs. It’s important to

review your plan often to accommodate these changes.

DETOUR DEATH

DETOUR RETRENCHMENT

DETOUR DIVORCE

DETOUR DEBT

SOLUtiON

WeALtHcReAtiON

PROtectiON Of WeALtH

SHORt teRM MeDiUM teRM LONG teRM

GOALS

RiSK PLANNiNG iNveStMeNt/SAviNGS RetiReMeNt PLANNiNG

8

tHe PLANNiNG PROceSS

understandingyou better

gathering personal and

financial information

1

9

tHe PLANNiNG PROceSS

discovering your hopes and dreams

gathering personal and

financial information

1

planning ahead and

confirming financial

goals

2

10

tHe PLANNiNG PROceSS

taking a closer look

gathering personal and

financial information

1

conducting a comprehensive

financial needs analysis

3

planning ahead and

confirming financial

goals

2

11

tHe PLANNiNG PROceSS

the Way forWard

gathering personal and

financial information

1

recommending solutions

4

conducting a comprehensive

financial needs analysis

3

planning ahead and

confirming financial

goals

2

12

tHe PLANNiNG PROceSS

the plan

gathering personal and

financial information

1

recommending solutions

4

implementing solutions or compromises

5conducting a

comprehensive financial

needs analysis

3

planning ahead and

confirming financial

goals

2

13

tHe PLANNiNG PROceSS

revieWing the Journey

gathering personal and

financial information

1

recommending solutions

4

implementing solutions or compromises

5conducting a

comprehensive financial

needs analysis

3

revieWing solutions

and making changes

6planning ahead and

confirming financial

goals

2