Paid Non-Chargeable Service Matrix
Fees in perspective
We all know that there are no free lunches in the world. Hence, those providing “free advice” are not free advice at all ! Unfortunately, what most clients believe is that they are getting advice for free from their agent. The financial services space operates on commissions based on products sales & offers some incidental advice. However, such advice may neither be of great quality nor would it be conflict-free.
“Remember – Free food is found only in mouse traps!”
That is why advice should be kept separate from product sourcing. It should be like a doctor – chemist relationship. The doctor prescribes the medicines after discussing the illness with the patient. The chemist just dispenses the medicine prescribed.
We already pay fees…
When we employ a driver, we pay him a salary every month. He transports one in comfort from point A to point B, leaving the passenger to stay relaxed & have time to think & prepare for any meetings ahead. The driver performs an important function. However, the role he plays is transactional. For this he is paid say Rs.15,000 a month. Assuming a driver is with a person for 30 years ( with 5% salary increase ), the amount paid to the driver would be paid is Rs.1.2 Crores ( without adjusting for time value of money )! Similarly, we pay maids, gym trainers, beauticians, lawyers, doctors, architects etc. These days there are so many new services – Image consultants, marriage planners, life coaches etc., who also charge fees.
Hence, paying a fee is not the problem ; some find paying a fee for advice on finances to be a problem. Why? Because, financial advice has always been available free!
Cavalier attitude towards money
We all work about 35 years to earn money that can help in living well, meeting our goals & securing our future. Money is obviously very important for us. We spend most of our waking hours at the work place. Don’t you think that the money earned after such sacrifices should be treated with utmost respect that it deserves?
Most times, money is dealt with in a cavalier manner. Money lies around in the bank… people invest without so much as a second thought, chase the flavour of the season product… and certainly without any clear thoughts about what needs needs to be done to achieve the cherished goals. Planning is seldom done for finances, though the very same people plan the birthdays, picnics, even a simple trip to the home town, down to the last detail !
The force multiplier
Financial planning/ advisory is a very useful service as many do not have the time, inclination, knowledge, experience or expertise due to which they neglect this vital area. However, this can be easily handled. Just like one employs a lawyer, doctor or architect one can retain a financial planner/ advisor to comprehensively plan and advice in their best interests.
Since the raison d’etre of our working life is the money that it would bring us, it needs to be managed well, so that it could deliver the real fruits of the hard work to the family. Proper advice can save people from various mistakes as also help them invest appropriately after due consideration to all parameters. A good financial advisor can be a force multiplier for you. You however need to choose the right one.
We have a unique advisory model, which can work wonderfully for you. Come to us for your Success Planned!
How to choose the best financial planner/ adviser?
You work hard so that you and your family get to enjoy the fruits of your labour. You spend about 35-40 years of your prime life at work, just so that you may earn enough to meet your goals. If you are putting in so much time and effort to earn the money, how come you spend so little time to ensure that it is properly deployed/ allocated so that you may meet your goals?
Isn’t it an irony that we spend so much time to plan a holiday or a birthday party, but would not spend time to manage our own finances?
Many find managing finances to be a exercise in drudgery. Some are plain uninterested in finances. If you are neglecting your finances because finance is such a bore or you would rather spend your time with your family than go over the brochures, balance the numbers and create a strategy to achieve future goals – you need to get professional help.
“When so much depends on finances, choose an advisor you can depend upon…”
But, you need to choose your advisors wisely as this can make or mar your future itself! You will find below some pointers towards how you could choose a financial planner/ adviser. Go through this carefully, before you make the choice.
Identifying the best, top, top-notch financial planner/ adviser may take up some of your time. But choosing the first advisor who comes along would be fraught with danger – as you would then leave it to chance. This is too risky to leave this game changing decision to chance. If you follow these steps, you would end up with a competent, reliable financial planner/ advisor, who would most probably suit you.
PAID
We want you to stretch your imagination and dream big. We’ll tell you if you have a fair chance of turning that dream into reality. And if there is a chance, we will work the hardest to make it come true.We are your wealth coach. We take the time to understand your needs, ambitions, desires – and work with you to achieve as much as we possibly can. This one-on-one understanding is what makes us truly unique.
DREAM PLANNER, our state-of-the-art, comprehensive financial planning service provides a strong framework and path for every money decision you make – today and in the future.
- Our robust financial planning processes, our proprietary ranking tools, and the several checks and balances go a long way in ensuring that we deliver optimal returns commensurate with your goals and risk profile
- Our customized plans lower your taxes, diversify your portfolio and help you reach all the important milestones in your life with comfort
- Very often we protect you from your own actions. Harmful investor behaviour such a timing the market, buying in greed when markets are high, or selling in fear when the markets are low, are the very impulses we protect you from
- Arhaum Enterprises(Indian Wealth Management) is committed to treating your money as if it were our own, placing ethical behaviour at the heart and centre of our company
“In everything we do, we ask ourselves a simple question – are we acting in your best interest? If the answer is yes, then that is the only advice that passes muster.”
Acting in your fiduciary capacity necessitates that financial planning become the basis of all our advice.
Only after examining your plan from a 360-degree view do we determine the best way forward. Subsequently, we use investment products to achieve your goals in the best possible manner.
Product recommendations are therefore a means to an end, and not an end in itself.
Face it, you are most likely going to spend more than half of the rest of your life as a retired person. Pause for a second, take a deep breath, and try to imagine what a typical day may be like three months into your retirement. Harder than you thought, right? Studies have shown that those who take the time to plan carefully for retirement are those who are likely to enjoy it.
Arhaum Enterprises(Indian Wealth Management) can help. We can take one big worry off you, which is your financial independence.
Our robust and detailed retirement planning service, will ensure that you go into your retirement with enough money to, literally, last a lifetime.
“Be it learning to surf in Maui or living in a large villa surrounded by your family, we’ll make sure your retirement is the vacation you truly deserve!”
- We help create income streams that keep pace with inflation and are tax efficient, thus putting more money in your hands
- Our plans factor in your risk appetite, current expense patterns and aspirations for your wealth after your time
- Our plans are conservative which means that any surprises will be positive surprises
- Our plans are also detailed and comprehensive, so that you can rest assured we have thought of the details
If you’re unsure of what you’re saving for, but you still want to make your money grow, we’ve got just the answer for you.
We’ll make sure your investments deliver the most optimal returns in line with your age and risk tolerance.
We’ll help you come up with the right investment amount and guide you to invest regularly.
By signing up for Folio service, you will have:
- Secure, protected access to the status of your portfolio
- Updated fund NAVs every day, so that you can gauge the impact of recent market movements on the current value of your holdings
- View into dividend income earned on a fund and compare it with other income-earning funds you have invested in. You can see the total return on your portfolio and compare it with the amount invested
- The ability to review the details of every transaction done in a scheme
- The facility to download a scanned copy of the application form for your records
There is something magical about your first paycheck. The freedom that having your own money gives you, the feeling that you can buy what you like, and not have to justify it to your parent, is hard to describe in words. It is perhaps the first time you really feel like an adult, a grown-up.
At this amazing juncture in your life, putting you on a savings habit must feel awful. The latest iPhone, that hip Sennheiser headset or the must-have gaming console all look far more enticing than a mutual fund. But here is the thing – the most consistent feedback we hear from most of our older customers is that they wish they had started their wealth creation journey much earlier in their lives.
All you need is the discipline, the right guidance and the right asset allocation and you’re sorted. We are firm believers that money should lead to happiness, so don’t worry, we will give you enough freedom to enjoy your money today. But we will also ensure you feel wealthy for the rest of your life.
NON-CHARGEABLE
“Be proud to pay taxes and be smart in planning for it”
We Indians take pride in paying our taxes to help our country progress. However, we can pay less money and be just as proud.
Our government gives us many perfectly legitimate ways to reduce our tax burden. However, identifying them can seem a bit complicated.
Very often people invest in the wrong instruments in the last minute and get locked into a suboptimal product for a number of years. This is where we come in. We can help you design the tax plan that makes the most sense for you. We help you find the right fit-a product that not only saves taxes but also fits in with your goals.
Click on the calculator to figure out your tax gap, or just call us. We’re always there and always happy to help!
“Nothing is more gratifying than providing your children a world-class education”
Parenting is one of those wonderful “on the job training” experiences in life. You do the best you can, making up the rules as you go along, drawing inspiration from other successful parents, including your own. You negotiate. You strike deals.
But there are a few givens. You HAVE TO provide for your children’s food, clothing and shelter. You HAVE TO provide for a good education. You HAVE TO get your children married (unless they take care of it themselves). These are pretty much non-negotiable. After that, they are adults, you can let go.
The food, clothing and shelter part you usually have got covered. Normal schooling as well. But what about higher education? In India, that could easily set you back a few lakhs each year. Much more if you want to send your child abroad. Yes, if you continue on your fantastic career path, no problem, you can fund this. But what if your income stream comes to a sudden halt? Is an expensive higher education optional then? Usually not.
“The biggest risk you could take is to not take any risk”
We all make plans for our future – our goals, our dreams, our ambitions. Financial planning helps us approach these goals with confidence. Yet, life has a say in what actually happens. The smarter among us recognize this. So, we also manage the risks that life may throw our way. We may not always be able to avoid the risks, but we can do much to minimize their impact. This is what risk management is all about.
They say insurance is sold, not bought. Our experience has been that insurance is often sold … badly. We quickly assess the nature and likelihood of the risks to your financial goals. We then evaluate the level of insurance you need and the most suitable solutions among all those that are available. IWM’s rigorous risk assessment framework helps us ensure that you approach your future with confidence. You can rely on us for high-quality advice that is objective, transparent and detailed.
“Your home is your haven – but home loans are tricky”
We need to protect this valuable asset. Of course, we maintain it well, give it the biannual coat of paint, do regular pest control, and look after it. But the biggest risk to our home is an unprotected home loan. If you have a home loan, the bank has the first right of ownership on your home. You come next. Of course, as long as you pay your EMIs regularly, there is no risk. But what if some tragedy happens because of which you are unable to pay anymore? Then, the fine print kicks in, and the bank can repossess your house.
This is where mortgage protection insurance comes in. Here, in the event such a tragedy were to befall, the outstanding loan amount is paid and the home remains yours. We make sure you put a suitable cover in place so that your home is what it should always be – yours.
Service Matrix
| DREAM PLANNER | RETIREMENT | FOLIO | Newbies! | |
|---|---|---|---|---|
| Service is best suited to | Married couple | Retired individuals | All Individuals | Individuals below 27 |
| CASH FLOW | ||||
| Investible surplus calculation | ✓ | ✓ | ✓ | ✓ |
| Cash flow tracking & management | ✓ | ✓ | ✓ | ✓ |
| TAXATION | ||||
| Tax reporting | ✓ | ✓ | ✓ | ✓ |
| Tax filing (through empanelled partners) | ✓ | ✓ | ✓ | ✓ |
| Tax planning | Comprehensive | Comprehensive | Comprehensive | Limited |
| PORTFOLIO MANAGEMENT | ||||
| Asset allocation | Comprehensive | Limited | Limited | Limited |
| Existing assets consultation and management | ✓ | ✓ | ✓ | |
| Inventory of existing assets | Comprehensive | Limited | Limited | Limited |
| Providing recommendation for each asset | ✓ | ✓ | ✓ | |
| Tracking of each liability on PeakPlanner | Comprehensive | Limited | Limited | |
| Providing recommendation for each liability | ✓ | ✓ | ||
| FINANCIAL PLANNING | ||||
| Goal planning | ✓ | ✓ | ✓ | ✓ |
| Retirement planning | ✓ | ✓ | ||
| Scenario analysis | ✓ | |||
| Children’s education & marriage planning | ✓ | |||
| Liabilties planning and management | ✓ | ✓ | ||
| RISK MANAGEMENT | ||||
| Basic life insurance estimation | ✓ | |||
| Advanced life insurance estimation | ✓ | |||
| Health Insurance | ✓ | ✓ | ✓ | ✓ |
| Estate planning | ✓ | ✓ | ||
| COMMON SERVICES | ||||
| Advice from qualified investment adviser | ✓ | ✓ | ✓ | ✓ |
| Execution (through separate division) | ✓ | ✓ | ✓ | ✓ |
| Access to proprietary online platform | ✓ | ✓ | ✓ | ✓ |
| SERVICE DETAILS | ||||
| Number of reviews each year | 4 | 3 | 3 | 3 |
| Advisory Fees (excluding GST of 18%) | ₹8,000 | ₹4,000 | ₹4,000 | ₹2,000 |