Financial Planning is the process of understanding where you are today, where you want to be in the future, and creating a structured roadmap to help you get there. At Jitendra PS Solanki Advisory, we take a comprehensive approach to financial planning by looking at your income, expenses, investments, liabilities, insurance, financial goals and risk profile as a whole. Our objective is to help you make informed financial decisions, align your resources with your goals, manage financial risks and stay on track as your life and circumstances evolve. A well-designed financial plan is not a one-time exercise—it is an ongoing process that adapts with you and helps bring greater clarity and confidence to your financial journey. We work as fee-only and do not earn any commissions form anywhere.
Financial Planning Service
First Year
This is the first year of engagement with all our clients where we create a detailed financial plan. The process starts with a complimentary meeting where we discuss the details and scope of the project. Once the engagement is signed, we go through the fact-finding process where we collect all the information required for preparing the financial plan. When the plan is prepared, it is discussed, and an action plan is given to you.
The fee for the first year varies based on the scope of work involved. We will quote any fee to you once we understand your requirement and the scope of work involved.
Second Year Onwards
(If Investment Management is Opted)
A financial plan gives you a road map for your future. But financial situations are not static. There are changes in circumstances due to changes in family needs, health issues, financial issues, and many others. In such an instance, you have to make changes to your planning strategies. This cannot be achieved unless your financial plan is dynamic. This makes financial planning an ongoing process where regular reviews should be done to accommodate all such changes.
So if you want not only the one-time financial plan delivered to you but also ongoing guidance i.e. help with implementation, monitoring, and ongoing education to ensure you stay on track, it is available through our ongoing Services.
We will provide you with the following services under ongoing services:
- Periodic meetings to assess the progress of the plan
- Annual review of the financial plan, analyzing changes that happened during the year and accommodating them in the plan
- Support through email to address additional queries or financial issues.
- Ongoing Training & Education to enhance your awareness of matters related to managing personal finance
Our Investment Management services include the following:
- Risk assessment and devising investment strategies aligned with your financial objectives.
- Periodic performance report and Review
- Rebalancing of investment portfolios as and when necessary
- Yearly Review of Investment Strategy
- Yearly review on matters related to taxation of your investments and other aspects
Other Services
If you do not want to go through the complete financial planning services, then the following options are available for various services:
1. Mutual Funds Advisory
- This service will cover advisory only on your mutual fund’s investments. Through a proper risk assessment, we will analyse the asset allocation approach you should follow and will recommend you viable options for mutual fund’s investments. The services include analyzing your existing mutual fund portfolio and recommending a suitable strategy in line with the asset allocation approach identified for your investments.
- The fee for this service is quoted to you after our discussion. This fee will be applicable for a 3-month engagement where you can discuss the strategies and recommendations given.
- If you wish to avail investment management services/asset monitoring on an ongoing basis, then we cover you under Wealth Management Services, where we charge a fee based on Assets Under Advice, the details of which will be provided to you during our initial discussion.
AUA fees are charged annually but billed quarterly in arrears. Thus, AUA fees are payable at the end of every quarter.
2. Goal-Based Investment
- This service is not comprehensive financial planning but still involves analyzing your financial goals requirement and aligning your investment with your financial goals.
- The fee for this service is quoted to you after our discussion. This fee will be applicable for 3 months engagement where you can discuss the strategies and recommendations given
- If you wish to avail investment management services/asset monitoring on an ongoing basis, then we cover you under Wealth Management Services, where we charge a fee based on Assets Under Advice, the details of which will be provided to you during our initial discussion.
Payment of Fees
Since we are a fee-only all fees are paid by our clients directly to us. We have below options for charging fees to our clients-
1. Fixed Fee
Fixed Fee is payable on half-yearly options.
2. % of AUA
AUA fees are charged annually but billed quarterly in arrears. Thus, AUA fees are payable at the end of every quarter.
So, if you would like to know more about our services and fee structure, schedule your free consultation.