How HNI Individuals Can Make Use For HNI Services For Better Financial Collaboration?
Most high net worth investor (HNI) families we meet feel they have enough wealth. The wealth is usually spread across their business, a slew of properties both residential and commercial, Public Provident Fund accounts across all the family member's names, bonds, stocks, mutual funds, Fixed Deposits, structured products, Portfolio Management Services, etc. Just visit our link: https://corporate360degree.com
Most high net worth investor (HNI) families we meet feel they have enough wealth. The wealth is usually spread across their business, a slew of properties both residential and commercial, Public Provident Fund accounts across all the family member's names, bonds, stocks, mutual funds, Fixed Deposits, structured products, Portfolio Management Services, etc. Just visit our link: https://corporate360degree.com
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How HNI Individuals Can Make Use For HNI Services
For Better Financial Collaboration?
Most high net worth investor (HNI) families we meet feel they have enough
wealth. The wealth is usually spread across their business, a slew of
properties both residential and commercial, Public Provident Fund accounts
across all the family member's names, bonds, stocks, mutual funds, Fixed
Deposits, structured products, Portfolio Management Services, etc.
Most of the HNIs feel comfortable and content that there is a continuous
source of income to take care of all their expenses and a lavish lifestyle -
house, shopping, travel, entertainment, etc. regularly. Rarely does one feel
the need to save from this income Corporate 360 degrees can help in
providing quality HNI services along with suitable financial management.
One is essentially relying on:
The continuous flow of income
Future flow of money to foot all the future bills
Lots of assets that have been accumulated over years, either by way
of inheritance from parents/in-laws or by way of impulsive purchases.
So where does financial planning come in? The first and most important step
in financial planning is to assess all aspects of risk that you and your family
are exposed to. Some of them include:
The dependency on continuous income assuming nothing can go wrong is a
huge risk. What if the business goes through a rough patch? How will you
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provide for your monthly expenses and your travel? Will you allow your
lifestyle to take a hit?
We always prescribe a contingency reserve of at least six months to a year
to be set aside in a mix of liquid plus arbitrage funds to cater to such
emergencies. Some people prefer to keep FDs for the same too.
Such can also be used for looking into the prism of the mortgage loan as
well.
Hence as a part of financial planning, setting aside money from the business
for expansion or temporary infusion is a must. HNIs services believe
investing back in the business is more than enough as the growth is under
their control and hence they cannot go wrong when they are putting in all
their efforts. The risk of the economy or bad business deals is rarely
considered as part of planning. The foundation of the business must be rock
solid and there should be enough assets invested outside of the business to
dip into in case of rough weather.
Apart from the medical cover, life cover is usually neglected by HNIs as they
feel that there is enough wealth for the spouse and the children to be looked
after. If the main contributor to wealth passes away, not only does the family
get impacted, but also the business.
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