The Duties And Responsibilities Of A Manhattan Financial Planner
Anticipating the risk and planning for the worst situation in advance is the best a firm can do to protect itself from any danger. Planning always keeps an individual a step ahead from the others. Effective planning helps the business to progress and achieve the desired business objectives. Every business activity is performed to make profits out of it. Manhattan financial planner helps in framing the objectives, policies, procedures, programmes and budgets relating to all the financial activities of the business concern. This helps in ensuring effective and adequate financial and investment policies. A financial plan is basically prepared by the NYC financial planner for determining the capital requirements, the capital structure and also for framing the financial policies for that concern. The capital requirement greatly depends upon the type of business carried out by the businessman. In case of manufacturing activity the capital required would be comparatively higher than the capital required in a retail business and so on. Capital structure denotes the division of the capital into debt and equity, this calls for great risk and depends entirely on the requirement of the business. However, it is essential to develop a financial plan which ensures a reasonable balance between outflow and inflow of funds so that the stability is maintained. Apparently, it is the responsibility of the Manhattan financial planner to ensure that the scarce financial resources are maximally utilised in the best possible manner at the least cost so as to get maximum returns on investment. They must also ensure flexibility in the financial plan. This means, that the financial plan should not be absolutely rigid, certain changes as demanded by the situations and circumstances should be incorporated in the plans. The funds should be so allocated that in case of emergency or critical situation, the firm is in a safe position to face any circumstances strongly. The person appointed in such a position should conduct a detail study in the capital markets and understand the changes in capital markets efficiently. The NYC financial planner should ensure sufficient liquidity and cash with the firm so as to enable them to meet their business obligations in an efficient manner. The allocation of funds should also be done in such as way that they are used optimally. Moreover the profit which is
generated by the firm should be used efficiently so as to ensure long sustainability and survival of the business firm. Adelman Katz & Mond LLP ensures that every penny earned by the firm is duly invested and taken care of and promises maximum returns from the same.
Published on Jul 30, 2012
Published on Jul 30, 2012
Adelman Katz and Mond LLP – Financial and accounting firm specializing in business, tax, risk management and consulting solutions. We provid...