Career Stage
Middle to Senior Management

Major Expenses

By this stage expenses are mostly defined and occur at regular, known frequencies. Barring for a few contingencies most of the earning and expense is accounted for and hence it is easier to determine the surpluses and create a proper Financial Plan. What also becomes obvious is the fact that for the next foreseeable future the expenses would increase at a steady pace and the effect of Inflation on the income and savings.

Typical Financial Behavior/Attitude towards Savings or Investments
For clients at this stage, generally the surplus creation is a tricky balance between Income and Expenses. The expenses climb at a steady pace and with an increase in responsibilities the need for planning and financial discipline is greater than ever. It is very important to keep a close eye on financial health and initiate a proper Financial Plan. If already initiated there is a need to revisit the same and realign the Asset Allocation to the most optimum keeping Goals in mind.

Rationale for Investing
Inflation becomes a major factor now and starts to affect the surplus. It is imperative to now differentiate between Savings and Investments and great a Goal Based Asset Allocation program that can effectively and efficiently harness the power of Compounding to set off Inflation and judiciously use Equity to achieve the targeted corpus for various Medium and Long Term Goals.

The need for protection of Assets and Financial Plan is also obvious at this stage and clients should look for effective tools via the various General and Life Insurance options available. However, these options should only primarily be limited to Protection and not creation of Corpuses.