What Is Financial Planning?

All of us have aspirations in life – whether it’s your desired lifestyle, holidays, a dream home, your children’s education, retirement, or anything in-between. And these goals will change, as we journey through various life stages.

Financial planning is a road map that guides you through each stage of life, leading you to accomplish each of your financial milestones – and living your best life.

Different Life Stages

Stage 1
Stage 2
Stage 3
Stage 4

Stage 1

Child/Teenage
  • No financial concerns

  • Relies on parents for living expenses

Stage 2

Young Adult
  • Begins earning an income

  • Saves money for immediate needs and short-term aspirations

  • Needs protection against unexpected events (i.e. critical illnesses, disabilities), or needs to see if their existing protection is sufficient and well-balanced

Stage 3

Adult (Single/Married Couple)
  • Stable career and income

  • Has more financial commitments (i.e. children, car loan, mortgage, supporting parents)

  • Expands financial plans to include the family (i.e. spouse, children, parents, family vacations)

  • Concerned about retirement

Stage 4

Retirement
  • Wants a comfortable lifestyle, enabled by a source of recurring income

  • Need enough money (and protection) to cover any medical bills

  • Thinks of leaving a legacy (i.e. sum of money) for their children

Here are the services required at each life stage:
Service
required
Total number of
providers/products

Partners

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Not Sure How To Start? Our Financial Consultants Will Guide You

With so much to think about, it’s easy to get overwhelmed when trying to figure out your finances by yourself. Don’t worry, our financial consultants will guide you through the process, step-by-step.

By the end of a consultation session, you will gain a much broader understanding of your financial situation – and have a plan for reaching your financial goals.

Achievements

Our financial planning approach

We believe in a holistic, collaborative approach to financial planning. Your Unicorn financial consultant will take the time to understand your finances, provide you with necessary financial education and coaching, then prepare a plan that will ensure your financial goals are met.

Your financial consultant explains what’s involved in financial planning, then gets to know your financial situation. At this stage, we want to equip you with the knowledge to make sound decisions during the financial planning process, to empower you to be in control.

Explore the different paths you can take to realise your financial objectives. Financial planning isn’t only about saving and investing, it’s also about changing certain areas of your lifestyle to meet your goals.

After understanding your current financial standing, needs and aspirations, your financial consultant will work with you to create a personalised financial plan that’s designed to meet your unique needs – and easily guide you towards your financial goals.

Finally, this is the stage to choose the optimal products and services that will put your plan into effect. As life never stays still, it’s necessary regularly to review the plan and how it’s implemented so that goals can be adjusted as necessary and the route to reach them re-plotted.