Financial life planning is a
structured process of understanding your current financial state, your future goals and money needs and
coming up with appropriate interventions that will ensure that your wealth lasts a lifetime. Some of the questions that are answered
during this process are
- Will I have enough money for my retirement and will it last a lifetime?
- How will my Net Worth and my Income change over time in the future?
- What expenses will I have in the future?
- What will be my living expenses in the future?
- How much money will I be saving each year?
- How will Inflation and taxes impact my plan?
- What is the ideal asset allocation for my life needs?
- How will my Investments grow over time?
- When will I have to start withdrawing money from my investments to support my living expenses?
- Do I have adequate live insurance and health insurance coverage?
We are a fee-only
SEBI Registered Investment Adviser (RIA) and
we have helped many of our Clients secure their financial future. As fee-only advisors we are compensated directly by our Clients. Hence we are free of conflict and operate as a fiduciary in the best interests of our Clients at all times.
The fee structure for all our services is published transparently on this website.
Personal Financial Planning is applicable and equally important during all life stages. For instance
- Young adults who are just entering the workforce may use it to develop saving habits and plan for the purchase of a home
- Gen-Z adults who are recently married and have started planning their families can use it to start the process of creating a nest egg
- Gen-Y or Millenial adults who have teenage children may use it to plan for their children's hgher education and marriage
- Gen-X adults who are approaching the end of their working careers can use it for Retirement Planning
- Retired adults can use it to ensure that their accumulated wealth will last their lifetime
In short, individuals at every life stage who aspire to achieve certain goals in the future can plan for realizing such goals with the process of Personal Financial Planning.
In order to make it easy to remember, we have codified the most common life stages into the 4 Ps of Personal Financial Planning - namely Provision, Prevention, Protection and Profusion.
Read about The 4 Ps of Personal Financial Planning on our blog.
Personal Financial planning for us is a two-step process.
- In the first step you provide us details about your current financial situation in a template provided by us.
Based on this information we create your financial life plan and after discussing it with you, we fine-tune and finalize it.
- Once this is done, we create a financial action plan for you in the second step from the life plan.
Testimonials
As I am nearing my retirement, I wanted to review my financial position to see if I was suitably prepared for retirement. Abhijit guided me through the process of reviewing my financial position, my expenditure and key future milestones in a structured and logical fashion. He then helped me to plan my future financial investments and expenditure with the help of his structured tool. Abhijit is very knowledgeable about the various financial instruments, and provided clear and practical advice for me to help plan forward.
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Sundar Mahalingam,
President Strategy, HCL Corporation
Financial Life Planning Fee structure
| Package | Plan preparation fees | Subject to a minimum fee of | Validity |
| FP-NEW | 0.025% of all assets in Financial Plan |
Rs. 10,000
| 6 months |
| FP-REPEAT | 0.02% of all assets in Financial Plan |
Rs. 8,000
| 6 months |
GST @18% will be additional