Dilzer Consultants - Investments and Financial Planning

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   SEBI REGISTERED INVESTMENT ADVISOR

262 HNI clients across the globe invest their faith in us. Shouldn't you ?

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Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.

~ Seth Klarman

Dilshad is by far, amongst the best investment consultant and advisor I have met. Extremely competent, well -informed, transparent and customer-need focussed, her interaction style makes all the difference.

Dilshad has the rare ability to assess the perfect mix of investment options depending on each individual requirement and vision, all with a professional yet friendly approach.

I would recommend Dilshad's services to anyone who is seeking sensible, well- informed investment advice while enjoying the benefits of being serviced by a super efficient and adaptive thinking investment consultant whose prime focus is in ensuring growth, stability, and relevancy for your investment mix.

~ Suraj Hattangadi

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Importance of Financial Planning

Financial Planning is planning for the future. It involves preparing oneself and their family for important events like child education, retirement planning, cash flow planning, taxation, vacation, health corpus creation and just about any event in the future. The above mentioned components form goals or the structure of the planning process.

One needs to understand that Financial Planning is NOT only about investments. And it is definitely not just another fancy word for investing in stock markets. Financial Planning is a holistic approach to your Personal Finances which takes into consideration your Cash flows, Assets and Liabilities, Risk appetite, investment needs to meet your Financial Goals, Insurance needs after considering all existing assets and resources one owns.

Why is Financial Planning necessary

People haven’t still wizened up to the benefits of a professional advice, they are aware of the changing scenario and feel the need to plan for their long-term commitments. Such planning and investments are not made with adequate research and are very often done on an adhoc or push basis and people end up accumulating financial products that do not fit their need or worse have high costs but give low returns.

Unfortunately, majority of savings in Indian households lie in Fixed Deposits and PPF accounts which are low interest earning and sometimes don’t even cover inflation. Hence real returns are negative.

 

 

 

 

 

 

 

Hence, it is imperative that an individual seeks professional advice to get their finances in order.

What is a Financial Plan

A Financial Plan is a personalised detailed document, which helps the client to identify what their current financial condition is, where they would like to go and help planning and bridging the gaps if any, for helping the client meet their future goals.

Financial Plan Process

The Financial plan process starts from identifying the objective, needs and scope of engagement with clients. Data gathering is the first and most important step towards identifying one’s current financial condition. It is the most important step, because the data provided by the individual, should be accurate and up-to-date, for the planning process to be effective and meaningful.

This process involves gathering data of all aspects of finance of a client such as

  • Family details and background, including health condition.
  • Net worth Details.
  • Cash flow – Detailing All sources of income and expense of the client – Fixed and Discretionary, including any committed savings.
  • Analysis of Existing Loans and Liabilities and the best option for reducing and optimising the same.
  • Analysis of existing insurance policies and their need.
  • Analysis of additional insurance basis the family needs, goals, existing insurance and liabilities.
  • Analysis of existing financial assets and changes needed, if any.
  • Analysis of Non-Financial Assets and plan of action.
  • Asset Allocation based on the risk profile of the client.
  • Existing resource allocation for meeting goals of clients.

After the data gathering process is accurate and up-to-date, the planner, analysis’s the data provided based on the objectives, needs and goals of the client. Here the planner makes observations on the clients Strengths, Weakness, Opportunities and Threat (SWOT) of the client.

The next step is presenting the analysis and planning that is customised to the needs of the client to the client and discussing options, scenario changes like advancement or postponement of goals and their probability and providing a revised financial document to the client.

Every Financial Plan must have an action plan to direct the client- what next and how to go about meeting the goals. Implementation of a financial plan is the key to moving to the next level. If a financial plan is not implemented, the objective is defeated and the client cannot move to the next step towards financial freedom.

After implementation, an annual goal review must be planned and prepared for the client, considering factors changing data points in income sources, expenses, goal priority, and assumption rates, risk profile of the client and any special requirements or changes in client’s life.

This completes the financial plan process.

All financial plans consider the following

  • Assumption on rates of interest, rates of inflation, salary growth rates, life expectancy, current market conditions, basis discussion with the client.
  • Current Status of Financials- Every financial plan is as on date and is likely to change based on changing circumstances.
  • Understanding and documenting Risk- Risk profiling and tolerance of the client to enable him/her plan for their savings realistically to meet their goals.

Expert Advice

A Financial Planner has to undergo rigorous training and examinations to obtain the certification. They are certified in important aspects relating to personal finance like investments, insurance, taxation, Estate Planning. Further, the certification requires candidates to have practical experience of minimum three years to practice independently and keep abreast of latest developments on a continuous basis.

Clients must look for the gold mark certification – CFP or Certified Financial Planner, which is an accreditation given to planners by Financial Planning Standards Board of India  after completing 6 modules of learning and writing exams.

Further, to maintain this qualification, an annual criteria is required. This comprises of writing articles, or attending financial plan workshops/conferences, answering quizzes, or contributing to the financial plan journal of the Financial planning Journal published by Financial Planning Standards Board of India.

The initiation of such Qualifications and Certifications have been introduced to help protect investor interest against miss-selling and fraudulent advice.

There is a popular adage often attributed to Benjamin Franklin, the father of time management, “Failing to plan is planning to fail. So ensure every individual has a financial plan prepared by a certified and well qualified planner.

 

Dilshad Billimoria

(Originally written for Financial Planners Guild of India)

http://www.fpgindia.org/category/financial-planning

 

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Testimonials

\"Dilshad is a sincere, hard working lady, who gives great importance to my queries, helps me out in my financial planning, thereby give good valuable advise in my finance managment\"...
\"I know Dilshad for over 11 years and she is the one who is guiding me in all my financial investments. Her versatility about the market gives her that competitive edge... I would say she is very genuine...thinks in line with the client requirement…approaches the business in a very professional wa...
Dilshad is an excellent financial planner - I appreciate the personalised attention, she\'s always available to assist and explain the finer points of planning that I often miss. I also appreciate the frequent information she gives us through mailers. Helps make informed choices.  Thanks Dilshad!...
Dilshad is a committed professional who works with her clients to help them meet their goals. Her investment in improving her skill sets to service her clients better gives one the confidence of being in good and safe hands. She has her ears to the ground and provides sound and balanced advise to he...
\"Dilshad is an expert financial planner who has an eye for detail and is very personable. She take meticulous care of the requirements and is extremely competent in her financial planning skill. Having known her for the last ten years I have no hesitation in recommending her and her team at all.\"...
\"Dilshad has always given great advice. she is very professional and on time. She always talks sense. would recommend her to anyone.\"\r\nService Category: Finacial Advisor\r\nYear first hired: 2005 (hired more than once)\r\nTop Qualities: Expert, Good Value, High Integrity...
“Dilshad is a very knowledgeable and talented financial adviser. Dilshad offered wonderful personalized financial investment advise and assistance. She guided me whenever I called her with a financial problem. Shares, insurance, mutual funds, and whatever financial product it may be, she will be t...
\"I have known Dilshad for over 7 years and has been managing my investments and providing finacial advice to me. She is extremely thorough in her work and understands the clients requirement very well before giving advice. She is very well informed on her subject and provides service very appropriat...
We have used Dilshad\'s services over the last one year and have been very happy with the outcomes. I have found her to be very professional and thorough in her approach, she makes time to fully explain the details when ever I have had any questions or needed clarity on any of her recommendations. Sh...
I would like to express my appreciation for the thoughtful financial guidance I received from you. As a military family pensioner, I was not sure how to allocate my pension fund for my needs. Your sound advice eased my anxiety by clarifying my financial position with regard to my savings, expenses a...
“I know Dilshad professionally (my financial advisor ) for the past 6 years. I always trust her recommendations and instincts.”...
I had done a few planning exercises in the past, where the consultant had taken my inputs on my goals and the timelines. This was the first time that the the data gathering exercise was so comprehensive. Just going through the process forced me to clear my thinking about my objectives, and also brou...
“I have been investing with Dilshad for well over 5 years now. My experience suggests that Dilshad is a very good financial advisor for people with long term investing aspirations and very little time to investigate Mutual Funds, track them & do other associated paperwork. Every fund recommend...
Dilshad is a brilliant professional. Her promptness at expediting work issues is worth recommending. I would recommend her professionalism to whoever appreciates hard work with intelligent knowledge at financial planning.\r\n\r\nFebruary 20, 2013, Firdaus was Dilshad\'s client\r\n\r\nAircraft Maintenance Eng...
I have known Dilshad since 1984 through his father who was not only professionally connected, but also we lived as neighbors.\n\nDilshad has been a brilliant person right from her school/college days. She has been carrying out the Financial Advisory Service assignment that she took after her studies i...
“Dilshad is a thorough Professional. She has a good knowledge of the market. Advises suitably for one\'s financial investments. She has been a very good help in my Financial Planning.”...
\"Dilshad has been extremely watchful about my investment portfolio into MFs and has always been recommending necessary changes only if and when needed, in my best interest. Extremely dedicated and self driven to help safe-guard the interests of her clients. Very professional in her work.\"\nNovember 3...
\"Dilshad is a meticulous, diligent and highly efficient Financial Planner. She is extremely knowledgable about all financial aspects and developments. The service she has provided us has been consistently good and useful. It also helps that she is easily accessable for any query.\"...
“Dilshad is by far, amongst the best investment consultant and advisor I have met. Extremely competent, well -informed, transparent and customer-need focussed, her interaction style makes all the difference. Dilshad has the rare ability to assess the perfect mix of investment options depending on ...
“Dilshad has a very proactive approach. Her calm and soft demeanor is definitely an asset. I would definitely recommend her for her business sense and other valuable attributes.”...
It was nice meeting you today regarding the discussion we had. Your suggestions had helped us to see the things in a better way through all the clutter and has made it easier for us to take certain decisions. We really appreciate your approach of listening to your clients, guiding them towards thei...
\"I have been taking her support in Financial services in Mutual funds and Insurance for the last 13 years. She has responded very well to my needs and taken good care of the investments.She is so good that I continue to use her support.\"...
Dilshad is a through professional and a true leader in her field of financial consulting. I have been working with her last 5 years and truly impressed with her depth of knowledge both for mutual funds and investment market at a macro level. She meticulously works with her clients to help them move ...
“Trusting one\'s investments with a financial planner is always a tricky choice - My investment choices were haphazard - to say the least - till I met Dilshad. Over last 5+ years, I have received a candid advise from her She is mild mannered - but well read in her field of business. Very sensitive ...
“Dilshad is intelligent,highly focused,to the point and always ahead of time in term of her financial advisory and makes your feel involved & comfortable to take decisions with her elegant charm & personality. She always stands by you & facilitates right decisions with her pulse of mar...
For over a decade now Dilshad has been my Investment Consultant guiding me on my investments, especially Mutual Funds. I have followed her sound advice and acted on her timely inputs provided thru regular updates, alerts and newsletters and watched my investments grow at a steady and healthy pace. S...
\"Dilshad has been our family financial advisor for several years now – and we have been satisfied clients\nHer detailed retirement planning has been valuable in understanding investing for long term.\nWe’ve also benefited from her advice on diversifying investments across various categories.\nDilsh...
\"I have known Dilshad since 1984 through his father who was not only professionally connected, but also we lived as neighbors. Dilshad has been a brilliant person right from her school/college days. She has been carrying out the Financial Advisory Service assignment that she took after her studies i...
\"Dilshad has been handling my financial planning for a few years now. I find that she brings in the right blend of professionalism, interest in my well-being and financial health to the job. She made it a point, over many discussion, to understand my goals, my status and requirements without being a...
“I am yet to come across a more thorough professional thatn Dilshad....and her knowledge of the financial markets is exceptional. Her insights are valuable, and she makes sure that your money is treated the same way as she would treat hers....
\"Dilshad has a good understanding of the markets, and her recommendations are pragmatic, reasonably safe, and I always get the feeling that they are what she would do herself. Her office has been extremely supportive of the follow-throughs with different Financial Institutions. I think at the end of...

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