Indepen­dent Finan­cial Planning in Basel and Zurich

The approach to finan­cial planning has changed consider­ably. In the past, private indivi­duals had to consult a specia­list for the indivi­dual areas of their finan­cial affairs. Tax issues were dealt with by a tax advisor, while legal aspects were discussed with a lawyer or notary. Invest­ments were made directly via a finan­cial service provider or an insti­tu­tion – but often without taking tax matters into account, which often resulted in exces­sive costs.

A holistic approach is now common when it comes to analy­zing your own finances and securing them for the future. This is the only way to cover every aspect of finan­cial planning so that you can face the future with as few worries as possible.

Finan­cial planning: what is it?

By defini­tion, finan­cial planning refers to the analysis, foreca­sting and control of one’s own finan­cial develo­p­ment. Optimal finan­cial planning is a holistic inter­play of:

• Pension planning
• Liqui­dity planning
• Asset planning
• Tax planning
• Retire­ment provi­sion
• Inheritance/estate planning
• Succes­sion planning

These are there­fore all events that affect a private indivi­dual’s income. With Tareno, finan­cial planning is generally designed up to the age of 90. This can of course be indivi­du­ally adapted.

Why is finan­cial planning important?

Good finan­cial planning is the central element of all finan­cial decis­ions and pension plans. If, for example, an asset overview reveals any gaps in finan­cial planning for retire­ment, compre­hen­sive finan­cial provi­sion ensures that these are closed in good time.

When it comes to finan­cial planning, holistic life planning is relevant in order to align finan­cial resources with personal wishes and life goals. It provides a guide­line for reali­zing personal goals, serves as a control instru­ment and identi­fies gaps in provi­sion at an early stage. So you don’t leave your retire­ment provi­sion to chance.

FINAN­CIAL PLANNING AT Tareno

Short-term or long-term finan­cial planning?

A finan­cial plan can be reliably simulated in the medium term. This covers a period of one to four years. In the longer term, finan­cial planning serves as a guide. It is there­fore advisable to update the finan­cial plan on an ongoing basis or at least when special events occur.

Not only around the Vested benefits assets you should think about a finan­cial plan. We also recom­mend finan­cial planning for major events, for example:

• becoming self-employed,
• founding a company
• or the sale of your own company.

On the private side, we recom­mend finan­cial planning advice from:

• Weddings
• Family planning
• Divorce
• Retire­ment
• Payment of pension fund and vested benefits assets
• Buying or selling a house
• Inheri­tance
• Changes to short, medium or long-term goals and wishes

Our advisors not only draw up the finan­cial plan, but also assist with its imple­men­ta­tion and provide long-term support as your personal finan­cial partner.

Finan­cial planning objec­tives

The overar­ching finan­cial planning goal is to maintain your current lifestyle through compre­hen­sive advice and prudent planning. So that you can prepare for the future with peace of mind and leave a legacy.

Tareno provides indepen­dent finan­cial planning without conflicts of interest. Thanks to long-standing employees, custo­mers receive personal support over a long period of time without having to change advisor.

The compre­hen­sive, holistic wealth planning is always tailored to your needs. Wishes and prefe­rences are taken into account. In addition, we do not accept retro­ces­sions as a matter of principle.

Finan­cial planning for private indivi­duals – what are the benefits?

The primary benefit of finan­cial planning is that all finan­cial areas are optimized. Similar to an income state­ment, it provides an overview of the current and future finan­cial situa­tion.

Other benefits are

• A wealth strategy geared towards short, medium and long-term goals.
• Protec­tion for the family, for example in the form of life insurance or to cover mortgages in the event of a partner’s disabi­lity.
• Estate and succes­sion planning, as children often know little about finan­cial planning for their parents’ retire­ment. Finan­cial planning should begin five to ten years before retire­ment with the invol­vement of the family.
• Foreca­sting so that there are no unwel­come surprises before and especi­ally after retire­ment

ARRANGE A FREE INITIAL CONSUL­TA­TION!

What are the tasks of finan­cial planning?

Pension planning:

• Finan­cing future plans
• Life and social insurance
• Health care

Liqui­dity planning:

• Income and expen­diture overview
• Deter­mi­na­tion of surplus or deficit

Asset planning:

• Portfolio develo­p­ment with a focus on income
• Revalua­tion of real estate
• Valua­tion of other assets

Tax planning:

• Identi­fi­ca­tion of the tax burden
• Optimization options

Retire­ment provi­sion:

• AHV pillar – state pension after retire­ment
• Pillar PK – private pension fund, vested benefits
• Pillar 3a – supple­men­tary private pension provi­sion

Estate planning:

• Inheri­tance planning
• Will
• Succes­sion planning

Who is finan­cial planning suitable for?

The holistic approach and inter­di­sci­pli­nary exper­tise of the finan­cial planners at Tareno are of parti­cular benefit to wealthy private indivi­duals. However, finan­cial planning is also recom­mended for company founders, the self-employed and (small) entre­pre­neurs.

What does finan­cial planning cost?

The finan­cial planning costs depend on the scope of the advice and the specific needs of the private indivi­dual. As a rule, a thorough analysis and advice will reveal savings poten­tial that ideally more than outweighs the costs. More important, however, is the certainty that the finan­cial situa­tion is aligned with relevant events and enables a self-deter­mined and carefree phase of life.

CONTACT US NOW

What is the proce­dure for finan­cial planning?

The struc­ture of a finan­cial plan is similar to that of a business plan. The status quo is analyzed, the goals are defined together and the time horizon is set. The strategy is then followed by the invest­ment solution and its imple­men­ta­tion:

1. analyze the current situa­tion

The analysis begins with the personal situa­tion, i.e. the family and profes­sional situa­tion. This is followed by wishes, goals and a time frame. The finan­cial situa­tion is examined, in parti­cular the asset and pension alloca­tion.

2. deter­mine strategy

The basis for the next step in finan­cial planning, strategy develo­p­ment, is provided by a three-stage model:

1. Liqui­dity: To cover short-term expenses and security reserves.
2. Income: Finan­cial invest­ment (basic assets) with the aim of genera­ting income and preser­ving assets.
3. Growth: Related to long-term invest­ments with the aim of genera­ting income and preser­ving assets.

The risk profile is then drawn up and the invest­ment strategy developed.

3. develop an invest­ment solution

After analy­zing and defining the strategy, the invest­ment solution, the heart of finan­cial planning, is developed. This involves deter­mi­ning the optimum combi­na­tion of invest­ment options and drawing up a strategy. The portfolio alloca­tion is deter­mined and finally put together in a custo­mized manner.

4. custo­mized invest­ment proposal from Tareno

In a personal meeting, we discuss the most promi­sing invest­ment oppor­tu­nity. This is followed by the prompt imple­men­ta­tion of the custo­mized invest­ment solution. Regular monito­ring by specia­lists at Tareno and partner compa­nies is just as much a part of prudent finan­cial planning as updating the finan­cial plan every two to three years.

How is it possible to optimize an existing finan­cial plan?

The proce­dure is similar to that for drawing up a new finan­cial plan: The analysis of the current situa­tion forms the basis for develo­ping a strategy. In each step, the existing finan­cial plan is criti­cally examined and any poten­tial for optimization is explored and discussed. The third step, the indivi­dual invest­ment solution, is compared with the existing finan­cial plan and adjusted accor­dingly. Regular monito­ring by Tareno specia­lists is also advisable here, as is a debrie­fing every two to three years.

What are the benefits of finan­cial planning with Tareno?

A strategy based solely on the portfolio, for example, is often not enough these days. In order to approach finan­cial planning for retire­ment with a clear consci­ence, it is advisable to involve the children and the partner in good time. Experi­ence shows that offspring are not always fully informed about their parents’ finan­cial situa­tion.

Thanks to our selected external partner­ships with tax advisors, trustees, lawyers and specia­lists, as well as art and founda­tion experts, we are able to examine our clients’ finan­cial situa­tion independently and holisti­cally. We also involve all family members in the process.

finan­cial planning at tareno

You also have the option of approa­ching your finan­cial planning in sub-plans. This refers in parti­cular to

• Liqui­dity planning
• Asset planning
• Tax planning
• Retire­ment planning

As an award-winning and indepen­dent wealth advisor in Switz­er­land, we provide you with personal and confi­den­tial advice. Book a free initial consul­ta­tion now to secure your finan­cial planning. We provide you with indivi­dual, holistic and long-term advice so that you can look forward to retire­ment with peace of mind.