MANAGEMENT

Detailed explanation-1: -In our financial planning process, Cordant uses what we call the Financial Blueprint like an investor’s one-page business plan. Essentially, this is our attempt to pull together the key pieces of information that every client, as owner of his or her financial situation, needs to either define or track.

Detailed explanation-2: -Ans. Financial planning is the preparation of financial blueprint, which foresees entire fund requirement in respect to quantum as well as the timing. It is the process of estimating the fund requirements of business and specifying the sources of funds.

Detailed explanation-3: -Financial planning is essentially the preparation of a financial blueprint of an organisation’s future operations. the objective of financial planning is to ensure that enough funds are available at the right time.

Detailed explanation-4: -The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.