Comprehensive Financial Plan

Comprehensive Financial plan will view your each financial decision as a part of whole, while considering your long term and short term effects on your life goals. Managing your money can be a daunting task. A financial plan can help you be on track and lays down the roadmap for you to achieve your goals. It considers your current financial situation and offers strategies that will help you accomplish your objectives.

Simply put, a financial plan takes into account your earnings and your financial goals. It then tells you where you should invest and how much monthly investments are needed to achieve them. It also specifies the right amount of insurance to cut down the risk and keep you on track.

A financial plan shows you the best path to reach your financial destination. For example, if your goal is to retire in the next 20 years, a plan will tell you to invest in mutual funds and how much you should allocate to large-caps, mid-caps, and small-caps. Without a plan, you could end up investing in products that don’t cover the risks and offer sub-optimal returns.

It is also a reference document for you to check your progress and make the required changes as and when needed.

Plan Overview

At PrudentFP, firstly we have to look at your earnings, expenses, savings, and liabilities. While your savings minus your debt, we will tell you the net worth. It will give you a starting point.

While minus your expenses from your income, you will know the money that you can invest each month.

Next, we have to look at your goals. At PrudentFP, we typically divide your goals as short-term, medium-term, and long-term. Your annual holiday may be a short-term goal. Retirement and children’s marriage may be a long-term goal. The medium-term goal can be buying a car or a house.

Once you have all these in place, we have to map out a strategy to accomplish your goals. For example, for long term ones, depending on the risk appetite, we may suggest you to invest up to 80% in equities. For short-term goals, we may use ultra-short term or Corporate Bond funds. Including life and health insurance will ensure that death or hospitalisation doesn’t put a dent in your family’s financials.

These are the basic overview of a financial plan. The actual comprehensive financial plan involves much more detailed analysis and our investment recommendations.

Let the financial plan be your guiding light.

Suitability

If you are serious about your financial life, could establish long-term relationship till your life ends and understand that Financial Planning is not a one-off exercise as it is ongoing process till the life goals achieved. Comprehensive Financial plan is only the right path for you, which will touch your each and every aspect of your financial needs and make depth analysis of your current and financial needs.

If you are looking for Complete Organising of your Financial Life, make suitable Investments, getting out of non-suitable Products, and have a disciplined process oriented Financial Plan, this service is the best suitable for you.

We have to prepare for you a Comprehensive Financial Plan that may contain following threads:

• Risk Profiling and Asset Allocation
• Financial Health Check, with Cash flow and Networth analysis
• Review of Existing Life and Health Insurance Policies
• Review of Existing Investment Products (Mutual Funds, Bonds, bank deposits, Post office deposits)
• Review of Tax Saving Products
• Guidance in Setting and Prioritizing Goals
• Review of Loans and Debt management counselling
• Goal-based Investments Planning
• Retirement Planning
• Recommendation for Suitable Investments Portfolio (Mutual Funds, Bonds, bank deposits, Post office deposits, PMS etc.)
• Income Tax Return Filing (Client & Spouse)
• Mutual funds Portfolio Set up
• Implementation of the Plan
• Review and Monitoring of the Investments.
• Unlimited Support and Ongoing Services

What you do get when you engage us?

• You get a blueprint to go by – a comprehensive look at one’s situation & finances and a pathway on which to proceed for financial well-being.
• After the plan, we can completely take charge, with our Perpetual Engagement Model. We offer client engagement sessions, Plan review, Portfolio reviews, Financial consultations as well as Implementation support & Reporting, for those who want, through our Implementation partners.
• Due to this, we would be your personal CFO who would take charge of the financial portion of your life. That gives you enough time to pursue & enjoy your personal & professional life and achieve your full potential there. All these results in happiness & peace of mind.

We are your personal CFOs to assist in comprehensively & responsibly managing your finances, so that you may enjoy your life!

Fee Structure

For Resident Indian only-

The minimum lump sum Fee starts at Rs 20,000 + GST@18%(Rs 3,600) = Rs. 23,600 per annaum but final fee may be increased on the portfolio complexity in the plan which could be fixed or 1% on Gross annual income, whichever is higher, subject to charge maximum fee at Rs 1,25,000 p.a. +GST@18% as per SEBI RIA Regulations, 2013.

For Non-Resident Indian only-

The minimum lump sum Fee starts at Rs 25,000 + GST@18% (Rs 4,500)= Rs. 30,500 per annaum but final fee may be increased on the portfolio complexity in the plan which could be fixed or 1% on Gross annual income, whichever is higher, subject to charge maximum fee at Rs 1,25,000 p.a.+GST&18% as per SEBI RIA Regulations, 2013.

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Disclaimer

We do not promise that the investments you make based on this plan will be profitable. Investments are always subject to various market, currency, and economic, political and business risks. We will not be liable for any losses that may be caused directly or indirectly by such investment decisions. Let's Start Here