So what about the Fees?
Clients understand that there are no `Free Lunches’ and `free' advice is more expensive than 'fee' advice. They choose to pay fees for trusted advice, because the value they get from this unbiased advice with no hidden fees and commissions is many times more than the fees they pay.
The financial planning and investment requirements are quite varied involving different level of complexities for different clients. The fees for the same would depend on the complexity, size of the portfolio and the time/effort required at our end.
Once the complimentary initial meeting/discussion is held and we have understood the brief about your Finances, fees will be disclosed in advance depending upon the level of engagement. This may range from Rs. 5,000 to Rs. 40,000 for most cases.
Our most common and recommended Fee model is the `Annual Subscription’ wherein we undertake comprehensive financial planning and management of investments along with regular reviews. The client can get in touch for resolving any financial query anytime. We would also keep these clients informed on any important developments affecting their personal finances. The fees is not for an individual but at a family level. A family generally comprises of husband, wife and dependent children.
One Time Advice
However, not all individuals require comprehensive advice on their personal finances. Someone starting a career, or with restricted investible surplus would like to have limited advice. There would be some who would like to have an expert external opinion but would like to manage their personal finances themselves. Such clients can opt for `One time Advice (Comprehensive Advice, Specific Advice, or Expert Opinion)’ Fee model. Clients would be given advice and presented a plan based on their Risk profiling and discussions done. Clients can interact with us for a maximum of 3 months from the date of advice for any clarifications. The fees for the same would depend on the complexity, size of the portfolio and the time/effort required at our end.
Some may ask why should they pay for financial advice. After all, there is lot of free advice coming their way from various sources. But that free advice can be very costly. As has been rightly quoted time and again " Free Advice is usually worth exactly what you paid for it : Nothing".
"If a Service is Free, you are not the Consumer.
You are the Product "
... Tim Cook, CEO Apple Inc.