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We guide our clients for A to Z of all money matters:
1) Assessment of current finances and life circumstances:
Every client has unique life circumstances and therefore deserves a financial plan based on his life circumstances and not thumb rules.
2) Setting the right expectations:
It is very important to explain to client how different asset classes work and why they should not consider linear returns in equity. Once the client is convinced for reasonable returns with reasonable volatility the journey becomes easier.
3) Risk Management & Avoiding Common Mistakes:
Emergency Fund and four type of insurances - term, health, critical illness and personal accident. Critical Illness and Personal accident - a lot depends on affordability and lifestyle. We also guide our clients not to commit the age old same common investing mistakes.
3) Channelizing the cash flows:
Right from budgeting to channelising the investible surplus into different financial goals through suitable investment vehicles.
4) Goal Planning:
Planning for long term goals like retirement / kid's education or be it planning for short or medium term goals. We take conservative assumptions for long term goals, always better to have more money.
5) Tax Planning:
Planning the investments through right set of investment vehicles. Modifying the salary structure, sometimes explaining the importance of NPS and all to the employer. This plays an important role in net-worth of the client, 10-20 years from now. We have now started to file the income tax return as well for our clients.
6) Credit Card Guidance:
A decent amount of discount can be earned in the form of cashback, rewards and miles, if credit cards are utilised properly. We are not CC geeks but can pass on decent knowledge to clients.
7) Realigning the existing investments as per financial plan
We advise holistically on the current investments of the client to realign them as per the financial plan.
8) Managing the behaviour of the client & Availability like no other to answer the queries and doubt
The only thing left is to protect the plan from the investor himself/herself and respond to clinets' query on the same day (generally within the same hour). We do not follow any number of hours or number of calls format. We are always available for all the clients, irrespective of the portfolio size.
If you are looking for getting your finances sorted, please DM us or email me at nishant@holisticwealth.in
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