How Do we undertake financial planning for you?
Making of a comprehensive financial plan has simple yet important elements. We undertake preparation of a financial plan like the following-
In the opening talk, we Introduce ARTHA FinPlan to you. It’s a brief introduction involving terms and scope of services, fees structure, way of working etc.
• Initial meeting and discussion
When you find it suitable for your requirements, we prefer to meet you in person. We prefer if you are joined by your spouse for this meeting.
This meeting enhances the communication and free discussion on your requirements, queries and doubts if any. We get many qualitative inputs from this meeting which help us to build a more inclusive financial plan for you.
• Data Sheet and Letter of agreement
After initial meeting, once you are agreed to take our services, we send “letter of agreement’ to you. This states terms and scope of services in details, type of communication, fee structure, etc. This is to be signed mutually. Along with ‘letter of agreement’, we send a ‘data sheet’ to you. This contains all the quantitative inputs from you. E.g your existing investments, insurance records, goals, income and cash flows, loans taken, etc. This data is kept confidential throughout.
• Data assessment
Once we receive all qualitative and quantitative inputs from you, then we assess all the data in line with your financial plan.
• Preparation of a plan
Upon receipt of all the inputs, we start preparing a ‘financial plan’ for you. This is made by considering your risk profile, all quantitative and qualitative data received from you.
• Presenting a plan to you
Once the plan is made, we present and discuss it with you in a meeting or through a phone/video call. We accept any suggestions given by you and accommodate if and when possible. This leads to a ‘final version of your financial plan’.
• Implementing a financial plan
Success of a financial plan lies in preparing it and implementing all the advice given under the same. We ask you to implement all the advice and suggestions given to you on time.
• Review of a plan
Once you implement all the advice given in a plan, its equally important to review a plan as asked by your planner. This makes you aware about the progress of your plan. Changes are made wherever applicable and required.
Our fee structure
We work on ‘Fees Only’ basis! Being transparent in our nature of services, we make sure that our clients take fully informed investment decisions and get a tailor-made financial plan.
Fees for ‘Comprehensive Financial Plan’
Fees for NRIs
We take pride in our soldiers and admire single mothers in society. For them, we offer ‘comprehensive financial services’ at discounted rate!
ARTHA Fin Plan
ARTHA FinPlan provides personalized, professional and unbiased services in the area of Personal Financial Planning and Investment Advisor. We are CERTIFIED FINANCIAL PLANNERCM and SEBI Registered Investment Advisor.