278 Financial Planning Handbook PDP

Chapter 37
279 Financial Planning Handbook PDP
Presenting the Financial Plan
I
t is mandatory for the financial planner to present his plan in writing. This is because a written plan
allows the client to:
Go through the plan at his leisure
Read the plan as many times as possible to understand it thoroughly
Raise any doubts that may arise
Co-relate the different strategies discussed in the plan
A written plan also helps the financial planner because it allows him to explain in detail the rationale
behind the recommendations. It also allows the planner to clearly state the assumptions on the basis of
which the plan was created, thereby avoiding misundestanding or mis-interpretation.
Note:
As per Rule 707 and Rule 712, it is mandatory for a financial planner to present the plan in writing.
Structure of the Financial Plan
The essential components of a typical financial plan are:
280 Financial Planning Handbook PDP
281 Financial Planning Handbook PDP
282 Financial Planning Handbook PDP
Presentation of the Plan
The presentation of the plan to the client involves the following steps:
283 Financial Planning Handbook PDP
Chapter Review