• Mostly when people think of Financial Planning, they think about investments. Some of them also feel it has to do with mutual funds and insurance. Honestly neither of its true.“Financial planning is all about channelizing your financial resources (income and DMS) towards your financial goals”.

Financial planning is the disciplined process through which an individual can make roadmap to meet expected and unforeseen needs in his life.

• How is it different from DMS management? DMS management means taking care of the needs of affluent clients, their families and their businesses as part of a long-term, consultative relationship."

While this sounds similar to Financial Planning (FP), it differs in the sense that Financial Planning is for one and all while DMS Management (WM) is only for a select few.

WM relates more the management of plenty, while FP aims at getting the most out of limited resources.