Wealth Management: How to start? Before deciding how your money should be managed, you need to determine the financial situation and financial goals for both you and your business. To do this, you need to: Understand your...
Wealth Management: What are the aspects of wealth management? Currently, many businesses practise some forms of wealth management through insurance and investment. A comprehensive wealth management plan should generally include ways to maintain, grow and...
Wealth Management: Why is cash flow planning important? Managing cash inflows and outflows is the first step to have a better understanding of your financial position. Proper management of your cash flow would allow you to utilise any surplus funds to...
Wealth Management: What is the purpose of tax planning? The goal of tax planning is to manage your financial affairs to minimise your tax payable. The amount of tax payable will affect your decisions on the following: Investment Borrowing Savings You...
