Foundation
Foundation financial planning refers to:
- Protection planning for individuals. This involves helping clients get suitable medical insurance, disability income insurance, mortgage and loan insurance and critical illness life policies.
- Setting up a regular saving plan (RSP) using traditional investment products such as unit trusts for long-term wealth accumulation.
Foundation financial planning is based on needs-based approach. This means that clients’ needs have to be established first before any recommendations can be done.
Majority of individuals will find the services of Foundation Financial Planning to be most suitable. All advisers regardless of seniority are able to provide Foundational Financial Planning to these individuals. To illustrate the importance of having a good financial foundation, read this article: Are Your Umbrellas Strong?
