| While talking about fee only financial
| |
| | ensure liquidity. The concern should be
|
| planners, one thing should be taken into
| |
| | able to meet the maturing obligations in
|
| consideration is that "Fee-Only" planners
| |
| | time. However, maintaining of liquidity
|
| are compensated solely by fees paid by
| |
| | should not be at the cost of
|
| their clients, and do not accept
| |
| | profitability. It should ensure economy
|
| commissions or compensation from any
| |
| | also. That is, the cost associated with
|
| other source. The National Association of
| |
| | various financial decisions should be the
|
| Personal Financial Advisors (NAPFA) is
| |
| | minimum. It should aim at the best
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| the largest organization of "fee-only"
| |
| | possible use of the available resources,
|
| planners.The main function of fee only
| |
| | especially finance. A poor balance
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| financial planners is to develop a sound
| |
| | between fixed and working capital should
|
| financial plan. A sound financial plan
| |
| | be maintained for using the capital
|
| should be simple as well as practical.
| |
| | effectively.The nature of business plays
|
| When there is complexity in the financial
| |
| | a decisive role in designing financial
|
| plan the operating executives will find
| |
| | plans. A capital-intensive industry like
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| it difficult to follow. It should be
| |
| | iron and steel requires more capital.
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| designed with a long-term view. While
| |
| | Besides, the stability and regularity of
|
| designing the investment, financial and
| |
| | income, future prospects of growth, and
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| dividend policies, the long-term
| |
| | the fluctuation in the demand for the
|
| requirements of the concern are also to
| |
| | product being manufactured by the firm
|
| be considered. Sound financial planning
| |
| | play dominant roles in determining the
|
| requires vision and forecast. Proper
| |
| | capital needs as well as capital
|
| forecasting of the future is necessary to
| |
| | structure. The risk involved in the
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| design the financial plan. It should have
| |
| | business has significant bearing on the
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| enough flexibility to incorporate changes
| |
| | determination of the capital structure.
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| in the plans.Financial planning should
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| |
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