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Frequently Asked Questions
Here you can find answers to the most frequently asked questions.
We are here to answer.
We provide unbiased financial planning to our clients for a flat fee so that our interest is aligned with that of our clients. Our mantra is “Investment Simplified”.
Albert Einstein once said, “Everything should be made as simple as possible, but not simpler.” We try to live it up to this philosophy in our work.
We charge a flat fee of INR 15,000/- for comprehensive financial planning exercise and retaining our services for the initial engagement period of 6 months.
We charge our fees based on SEBI’s latest guidelines on the conduct of Investment Advisers. Click Here.
After the initial period of engagement and based on mutual consent we currently charge a renewal fee of INR 5,000/- on half-yearly basis to our clients for wealth management services.
During the renewal period we review the portfolio and suggest rebalancing, if any, is required. We would renew our engagement for wealth management based on mutual agreement with respect to the updated Letter of Engagement.
As we live in a VUCA (Volatile, Uncertain, Complex and Ambiguous) world so even well-laid plans are only half done, hence monitoring and review of the financial plan is merited.
If one does not have time to reflect on that then they can continue to do so by renewing our services.
Our prospective and existing clients can book our calendar for discussion by clicking on this link.
During the initial discussion, we request our prospective client to desist from disclosing personal information prior to receiving and accepting our Letter of Engagement.
If after discussion one evinces interest to hire our Fee-only financial planning services then we email to share our Letter of Engagement for the initial period of engagement.
Only after we receive consent from clients with regard to Letter of Engagement we share our bank details so that our clients can make online payment towards availing our services through NEFT/IMPS/UPI directly into our bank account. As per SEBI’s guidelines, we do not accept cash deposits into our account.
After receipt of the advance fee, we share the link to the risk profiling questionnaire and to the datasheet in order to estimate the risk profile and to capture the required financial data to prepare the goal-based financial plan respectively.
Based on the receipt of these inputs from clients we estimate the client’s risk profile and share the finding with the client’s over email. Once we receive clients’ acceptance of the estimated risk profile over email we prepare the Financial Plan.
After preparing the Financial Plan, which includes a clear action plan, we share it with our clients over email in PDF format.
As an old Danish Proverb goes, “It is difficult to predict, especially the future.” hence we follow in other words “don’t count your chicken before they hatch” policy while preparing and reviewing the financial plan based on the letter of engagement.
As a matter of fiduciary principle, apart from complying with SEBI regulations related to RIA (Registered Investment Adviser), we don’t offer execution services but our clients can seek our advice in executing the suggestion laid out in the Financial Plan during the engagement.
We suggest that our clients buy financial products directly from the financial product provider’s website for products suggested in the Financial Plan so that they can be assured of conflict-free advice.
Further, in case our clients elicit our views with regard to the investment platform we duly inform them that we are platform agnostic and do not promote one platform over another.
After the initial period of engagement, base on mutual consent for renewal of the engagement we provide a review of the Financial Plan.
During this process, we review the performance of the portfolio, which was created by client based on the mutually agreed suggestions laid out in the Financial Plan by us.
Based on the review, we might or might not suggest course correction with respect to the Financial Plan.
We believe in the old adage that, “Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for his lifetime.” so that our clients if they chose to do so, once they become comfortable with their Financial Plan and if they have time to do, can manage their financial goals on their own.
Charles Portis once said,” You must pay for everything in this world one way and another. There is nothing free except the Grace of God.” We pay the price one way or another.
We have a choice to pay flat-fee or pay commission to agents in the name of financial planning. So far Mutual Fund and Insurance Agents in the name of financial planning have been selling complicated products to their clients.
These agents earn commission from the products they sell to clients from the product provider. So naturally the tendency of these agents is to suggest products which earn higher commission to them.
We are challenging this existing set up by taking a flat fee instead of commission from our clients.
We do this so that our clients are suggested products based on their risk profile and financial goals and not based on earning higher commissions from the suggested products.
Choice is yours.
As a student of science I have always been fascinated by Newton’s Law of Inertia which states that, “If a body is at rest, it will remain at rest unless it is acted upon by a force.”
So overcome inertia and book an appointment with us by clicking on this link.
A financial plan is a mix of strategic (long term oriented), tactical (short term oriented) and operational (ultra short term) plan.
A financial plan made using prudent assumptions and risk-profile based asset allocation is a document which you can use to implement an Investment, Insurance and Tax (IIT) plan in order to achieve your financial goals.
But unless you implement and then adapt the plan based on changes in the external environment the financial plan can only do so much for you.
As our engagement model could be renewed on a half-yearly basis hence you could revisit the plan with us as and when you face these life changing situations.
Our existing clients who have continually renewed our service after initial engagement have reaped the benefit of the same for many years now.
You can be in any part of the world but can seamlessly avail our service from anywhere.
By design our service model works on an online only model much before the pandemic induced migration to online for many offline service providers.
As all our clients approach us via online mode hence from our experience we have observed that the physical location of our clients is immaterial in our business model.
We most recently do work with NRI’s and as a group are nearly 50% of our client base.
I am as fluent in both English and Hindi.
You can initiate the process by booking an appointment with us by clicking on this link.
During the call we take you through the process, show sample plan documents and address queries related to our service offering so that you can make informed decisions about using our service for your financial planning.
Sure. I have been a DIY (Do It Yourself) investor myself and I can say from my own experience that you could do the same.
Although many of our clients, who are or have been DIY investors in the past, have also used our service for varied reasons such as paucity of time, seeking second opinions, etc.
As a client you can connect with us as many times as you like preferably over email. This is in order to comply with SEBI guidelines on keeping track of all discussion with clients.
However, if the query is not resolved over email then we request clients to book an appointment based on their availability by clicking on this link.