Financial Planning- 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 of the engagement is Rs 40000 for Resident Indians and Rs 60000 for Non-Resident Indians. The actual fee may vary based on the scope of work involved. We quote any additional fee you once we understand your requirement and the scope of work involved. 

Financial Planning and Investment Management – Second-Year Onwards

A financial plan gives you a road map for your future. But financial situations are not static. There are change in circumstances due to change in family needs, health issues, financial issues and many other. In such instance you have to bring a change in 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 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 financial plan analyzing changes happened during the year and accommodating 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:

• Risk assessment and devising investment strategies which is in line 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

The fee from second year onwards is based on the scope of work involved as structured below – 

For Only Financial Planning (Excluding Investment Management)

Rs 22000 p.a.  – RI

Rs 30000 p.a.  – NRI

For Financial Planning and Investment Management

Fee Basis	Rs. Per Annum/%
·         Minimum fee till AUA (Assets Under Advice) reaches Rs. 30 lakhs	22000 – RI 30000- NRI
·         For AUA Rs 30 lakhs to Rs 200 lakhs	.75% of AUA
·         For AUA Rs 200 lakhs to Rs 500 lakhs.	.60% of AUA
·         For AUA above Rs 500 lakhs	.40% of AUA

*The above-quoted fees are exclusive of any taxes that may apply 

Payment of Fees

1. Fixed Fee

Fixed Fee is payable on half-yearly options.

2. % of AUA

AUA Fee are charged annually but billed quarterly in arrears. Thus, AUA fee are payable at the end of every quarter.

Other Services

If you do not want to go through the complete financial planning services then 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 funds’ investments. The services include analysing your existing mutual fund portfolio and recommending suitable strategy in line with the asset allocation approach identified for your investments.
• The fee for this service is Rs 25000 for RI and Rs 40000 for NRI. 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 the following fee will be applicable –

Fee Basis	Rs. Per Annum/%
·         Minimum fee till AUA (Assets Under Advice) reaches Rs. 50 lakhs	25000 – RI 40000 – NRI
·         For AUA Rs 50 lakhs to Rs 200 lakhs	.75% of AUA
·         For AUA Rs 200 lakhs to Rs 500 lakhs	.60% of AUA
·         For AUA above Rs 500 lakhs	.40% of AUA

*The above-quoted fees are exclusive of any taxes that may apply 

*The fee will be applicable from 1^st year based on the scope of engagement.

Payment of Fees

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.

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 Rs 30000 RI and Rs 50000 – NRI. 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 the following fee will be applicable –

 

Fee Basis	Rs. Per Annum/%
·         Minimum fee till AUA (Assets Under Advice) reaches Rs. 50 lakhs	30000 – RI 50000 – NRI
·         For AUA Rs 30 lakhs to Rs 200 lakhs	.75% of AUA
·         For AUA Rs 200 lakhs to Rs 500 lakhs.	.60% of AUA
·         For AUA above Rs 500 lakhs	.40% of AUA

*The above-quoted fees are exclusive of any taxes that may apply 

* The fee will be applicable from 1^st year based on the scope of engagement.

Payment of Fees

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 fee are payable at the end of every quarter.

So if you still have questions about our services or you would like to schedule your free consultation contact us today-