Top 5 reasons you need a financial planner

Top 5 reasons : why you need a

financial planner

Loh Boon HowFinancial Planner

Can you be a self-help financial planner?

B. H. Loh & Associates2

Most people claim that they are understanding their

own need and how to resolve their financial

challenge.

But, How True Is It?

Let us guide you how the statistic as a good indicator

to answer the myth.

Statistic 1 : Bankruptcy rate by quarter


Statistic 2 : Bankruptcy rate by age band


Statistic 3 : Bankruptcy rate by gender


Statistic 4 : Bankruptcy rate by race


Statistic 5 : Cases release from bankruptcy


The top 5 reasons of seeking

financial planner consultation

Financial planner likewise a professional medical or legalpractitioner that is to serve the financial need of an individual ora family toward their designated and predefined goal, monitorthe progression and recommended the solution that suit to theclient’s condition.


1. Stay abreast of law and regulation


One of the segments is, both the income tax

planning and estate planning, required to master a

great deal knowledge of law and regulation.

The Financial Planner had to update themselves

with latest update and development of law and

regulation.

2. Knowledge and application


The retirement planning and children education

planning require knowledge and application in order

to compute the time value of money (Both the

present value and future value calculation).

Although the client could learn how to apply this

knowledge, however, is depend on a learning curve

of an individual.

3. Compliance of professional code of ethic


The financial planner always adheres to a

professional code of ethic in their practices.

They are required to act at all times in client best

interest and to avoid any potential conflict of interest

between financial planner and the client.

4. Economic pressure


With the current rapid economic changes, for

example: rise of inflation rate, the implementation of

Goods And Services Tax (GST) and cutting down of

government subsidy will lead to increase of living

cost and drop of standard of living.

The swift of economic circle may potentially result a

loss of income or reduce in earning.

5. Social changes


The prolong of life expectancy due to theadvancement of medical service, will lead to carefulplanning in order to cater the extended financialneed.

The focus of quality life and reduce number ofchildren may have excess fund to allocate for thewellness of future planning. Such as educationalfund, educational insurance etc.,

Married, divorce or predeceased of a family member,the abrupt changes that might have a major impacton the family financial need.

Conclusion


What are the reason that you fail to plan your future,

since it will bring a severe hardship of your lifestyle.

The incomplete government and social welfare will

further urge to bring a higher awareness to consider

financial planning seriously.

On the other hand, through the financial planning,

you will able to monitor yourself the financial

pathway toward your designated goal.

Thank you


B. H. Loh & Associates

Address:

No. 1-3-15, Goldhill Complex,

Tingkat Paya Terubong 1,

11060 Penang.

H/P No. : 016-4893382

Email: [email protected]

Website / Facebook: bhloh.com.my

Business

Top 5 reasons you need a financial planner