Portfolio 2nd Opinion- Be an Informed Investor & Personalised Financial Life Planning- Towards Better Living:-
A] My Approach- Portfolio 2nd Opinion- Be an informed investor:-
I offer unique “Portfolio 2nd Opinion” service. I provide comprehensive review and unbiased Review Report of your existing separate Mutual Funds or 360 degree Investments portfolio. You will get clarity on your existing portfolio’s risk level and future roadmap. It also provides you the clear view on whether you’re holding right mutual funds or 360 degree investment products. I will provide new or updated mutual funds or other investments recommendations. It is highly recommendable to get this service.
I will start from gathering of existing mutual funds or 360 degree investments data. I will analyse and provide comprehensive Review Report. You will free to implement the Review Report through any mediums. I will not have discretion or charge over your portfolio or custody of your mutual funds or 360 degree investments. I will only help & guide you to implement the Review Report.
There are few questions which you need to ask on your portfolio:
1) Is my portfolio is over diversified with more number of funds or investment products?
2) Are my funds overlapping in connection of stocks?
3) What is my asset allocation? Is it ideal in current market situation?
4) Am I taking more risk in debt funds?
5) Will my current portfolio hit very hard in this market?
6) Am I taking more risk in risky equity funds?
7) Should I continue my SIPs or STPs?
8) Are my debt funds having high credit risk?
9) Am I holding proper investment products? Are they aligning towards my future roadmap?
10) What are the charges am I paying on my investments products?
11) Should I review and check my portfolio with 3rd party who provide professional and unbiased guidance?
Note: – This service is for family mutual funds or 360 degree investment review only. There is a separate service called Personalised Financial Life Planning which provides comprehensive financial life planning, review of current financial situation and life stag goals analysis.
Suitable to:- If you want to review your existing mutual funds or 360 degree investments portfolio in a professional manner and need to understand ideal way of investing, product selection, asset allocation and unbiased review then this service is suitable to your.
B] My Approach-Personalised Financial Life Planning – Towards Better Living:-
Everyone has dream to have sound financial life with proper planning towards life goals, protections against unpredictable events, having proper investment products, adequate income, managing of expenses and efficiently allocation of surplus funds. I offer unique program for first time clients called Personalised Financial Life Planning – Towards Better Living. The program covers all your financials regardless where they are and you are free to implement the recommendations. Book Appointment for Detail Discussion.
There are five separate steps to complete whole process:-
1) Risk Profiling, Financial Fact Find, Determining Goals and Objectives:-
I will start with Risk Profiling to assess risk tolerance level which will be communicated to you and you need to provide the consent of Risk Profile either on registered email id or physical document. Once I receive Financial Fact Find (collection of your current financial data), KYC documents and required fee, the engagement process to be completed.
2) Analysing and Evaluating your Financial Status:-
I try to understand about your personal financial situation, financial goals, attitude towards personal finance, investment details, removal of unproductive investments and related tax strategies.
3) Developing and Presenting Recommendations and/or Alternatives:-
After analysing your financial status, I will develop and present a customised Action plan for you. It includes strategies and recommendations to achieve your goals, objectives and requirements. This is your decisive Action plan which shows the mirror on current financial situation and future roadmap. I will explain on existing investment, removing of unproductive investments, strategies to achieve goals and new/updated recommendations. I urge you to understand Action plan properly and clarify it.
Before final 4th step, let me brief you the importance of next step and its objective through real life example. You are sick and visit doctor’s place. Doctor does check up and tells you to do some medical tests for further diagnosis. After medical test and proper examination, doctor tells you to take certain precautions and medicines. You haven’t taken medicine and ignore doctor’s advice. Now, what will happen to your health? You know its adverse consequences.
Same practical example is applied in this process also. I examined your finance, understand your needs and requirements, give you the Action plan with customised strategies and recommendations and afterwards if you haven’t implemented then what will happen to your personal finance health?
4) Implementation of Recommendations:-
Once you understand the full action report along with strategies and recommendation, the important step is to implement it. You will free to implement the Action plan through any mediums. I do not have discretion or charge over your portfolio; do not have custody of your investments. I will only help & guide you to implement the Action plan.
5) Review of Recommendations:-
Ideally, it is recommendable to review your personal finance and Action Plan at least once in a year. It is also recommendable to review Action plan mandatory in case of change in goals, major earning issues, family needs, financial crises or any other factors which affects your personal finance. This ensures you are on the right path. You will responsible to provide me with current information about investments and financial holdings for review.
Suitable to:– If you are serious about personal finance and want to streamline overall personal finance comprehensively with clear road map then this service is for you. This is a holistic service which covers your 360 degree personal finance. This service is ideally suitable for people who desire ongoing professional help, unbiased guidance and proper discipline approach towards personal finance.
Fee:- Portfolio 2nd Opinion & Personalised Financial Life Planning:-
Paying fee is not a new habit as we already pay for so many services of doctor, lawyer, CA. We also pay fees or charges to maid, driver, gym trainer, yoga trainer etc. In personal finance space, it is assumed that it is “FREE” but it is embedded with “High Upfront or Trail Commissions”. My vision is to provide transparent, cost-efficient and unbiased service. Therefore, I follow Fee-Only (Advice-Only) approach for Portfolio 2nd Opinion- Be an Informed Investor and Personalised Financial Life Planning- Towards Better Living services.
Portfolio 2nd Opinion Fee (Mutual Funds Only) – Rs. 6000/-* Onwards.
Portfolio 2nd Opinion Fee (360 degree Investments) – Rs. 10,000/-* Onwards.
Personalised Financial Life Planning Fee- Rs. 20,000/-* Onwards.
Note*:- This is the Basic Fee structure. Actual Fee will be based on the complexity, level of work, number of mutual funds and time required. Final Fee will be communicated after initial meeting/discussion on your personal finance. There should be full 100% Fee payment at the time of engagement. Fee is non-refundable and non-negotiable.
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