We believe that financial planning is the process of planning for, and meeting, your life goals through the proper management of your finances. Your life goals may include buying a home, a fulfilling retirement, providing for your child’s education, protecting your family from a disability or providing contributions to charitable organizations you care about.

When dealing with your financial health and well-being, you need advice that you can trust. The advice you receive should be independent and objective. Advice which is influenced by a sales target or management pressure, or advice which is influenced by the commission rate represents a conflict of interest. It may be difficult to tell if the provided solution is in your best interest or whether it benefits the advisor providing the solution. As a Fee-Only financial planning and investment management firm, Foresight Financial Advisory works solely for our clients and is compensated only by the agreed upon fees clients pay for advice and investment management. Because we do not receive any commissions, referral fees or sales incentive for advice, we are able to remove the conflicts of interest with regard to compensation.

Foresight Financial Advisory provides comprehensive financial planning services. That means evaluating and recommending strategies for debt and cash flow management, investment analysis, tax planning, risk management, retirement planning, estate planning, planning for special situations and more. Note that there will be some areas where it will be necessary to collaborate with other advisors, such as estate attorneys who can legally draft your documents.

A) Don’t lose sight of the fact that it’s your money and the final decision is always yours. You can ask for changes to the financial plan if you want to or you may decide not to go any further. It is completely up to you. If you decide to go ahead, your financial planner will discuss with you your next steps to put the financial plan into action. There may be some actions you need to take which may include surrendering your insurance policies, reducing your monthly expenses as per the budget worked on, paying off some of your loans out of your current savings etc. People who understand the real meaning and benefit of financial plan knows that financial plan is just a starting point and review the financial plan from time to time in line with changing goals and life stages- so your relationship with your financial planner may be long one.

During your Financial Plan Presentation we will discuss an appropriate plan for you to implement and monitor your plan. You may choose to implement and monitor the plan yourself, or engage us to assist you. We provide a 60 day period after the Financial Plan Presentation where you may call or e-mail us with questions relating to your plan without incurring new charges.
Your relationship with us will continue on an as-needed basis. There is no obligation to engage us further although many clients choose to implement an investment strategy utilizing our investment management services. You may call or e-mail us whenever you wish to initiate services. If you wish, we can be proactive in reminding you to schedule periodic reviews. Many clients like to have an annual plan review or update visit. Once we remind you that you are due for a review, you are responsible for calling us to schedule the meeting

Throughout our lives, we are taught that it is smart to save, to pay off debt, and to be prudent with our spending. However, many of us are not taught the basic principles that come with those actions:
How much is necessary to save
how to protect assets
How to invest a portfolio
And more
Often, we simply do not have the time or interest in devising, implementing, and regularly monitoring a financial plan. Working with a financial advisor allows you to objectively and logically plan for your financial future, manage risks, and answer any (and every) question along the way.

There is no minimum for the Financial Planning service.
If you’re just getting started investing, we can help you open your own accounts at a low cost provider.

We do not sell insurance or prepare tax returns.
During the financial planning process, we will evaluate your need for insurance and can assist you with selecting low cost insurance options.
Whether you are happy doing your taxes yourself, or you have a CA that you love, we can work with you. If you need a recommendation to a qualified CA we can provide referrals to local service providers.

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 save adequately to finance your child's higher education, or it may provide enough for a comfortable retirement. You can also adapt more easily to life changes and feel more secure that your goals are on track.

It is good to review the plan when there is a lifestyle change such as marriage, birth, death or divorce. Any change in financial position should be evaluated as well. Most people have an annual update that reviews how the plan is being implemented. The review also considers changing goals and circumstances.

A) Yes. You can say that. But a Chartered accountant specialises in corporate and business finance and a financial planner specialises in personal finance and investments planning. Even many Chartered accountants work with CERTIFIED FINANCIAL PLANNERSCM for their personal financial planning.

A- No doctor guarantees that the patient will get cured with the medicines he’s prescribing. Moreover he gets the declaration signed from patient or his relatives that he will not be held responsible if patient dies in the operation theatre. So is with Advocates, they never guarantee that they will win this case for you, but they assure you that they will do their best.
Financial planning is a common sense approach to managing your finances to reach your life goals. It cannot change your situation overnight; it is a lifelong process. Remember that events beyond your control such as inflation or changes in the stock market or interest rates will affect your financial planning results.

A- Yes you can. We have different fee models for different work on which a planner works. You may find other planners too who works on hourly basis or on project to project basis.
We at Foresight Financial Advisory have recently launched Small services that suit this kind of investors.

While it is not necessary for you to bring anything to your initial meeting, we do welcome you to complete and bring our Client Profile worksheet so that we can get to know you and your family better. We can email this form to you once you get in touch with us.

You need to engage a financial planner based on their skills, experience, expertise in the area, the quality of advice and other such parameters. Since good quality financial planners/ advisors are hard to come by, it would be wise to broaden the search beyond where you live.
With telecommunication tools available today & technology, one can have audio / video conversations with an advisor in any location. We have been using Skype and other remote access software tools for years now and have been servicing clients from across the country & even abroad.
We are able to offer the same experience as in a personal meeting and that is why even most of our clients opt for virtual meetings. You don’t need to worry about that aspect when you deal with us.

How do I get started?

Mail us to schedule your meeting.