Wealth Management includes professional management of your investments and personalized financial planning services. We believe that the two are closely related and that it’s necessary to combine both services in order to get the best result for you. The wealth management service includes all the support you need to answer your financial questions, to assist in developing sound strategies, and to help you reach your goals.
We typically begin with a short conversation in which we discuss your general circumstances. If our services appear to be a good fit for your needs, we offer a complimentary initial consultation. To better assist you, we will ask you to complete a short questionnaire and return it to us prior to the initial meeting.
The initial consultation will focus on your goals and priorities. The meeting is an opportunity for us to learn more about each other. We will explain our services and our process and discuss fees. You will know in advance the cost of our services. Once you engage us, we will gather additional information about your finances by asking you to complete a more comprehensive questionnaire.
The fee for only Financial Plan Preparation is a flat fee that depends on the complexity of your situation. The written review includes your goals, cash flow and retirement projections, asset allocation, and an overview of your insurance, estate planning, and income tax needs, with a list of action items in each area. The process includes two meetings and is generally completed in two to four weeks. One half of the fee is due at the first meeting and the remainder when the review is delivered. In case, the client decides to invest through our channels, the fee is waived.
The fee for ongoing Wealth Management is based on a combination of net worth, managed assets, and complexity of your planning needs. The minimum wealth management fee is Rs.6500 per quarter, payable at the end of each quarter. Although we don’t have a minimum level of managed assets, the minimum fee is generally appropriate for someone with at least Rs.10, 00,000 in invested assets. You will know the fee before you begin working with us.
Benifits of Wealth Management: