“Its not about How Much Money you make. But How Much Money you Keep, How hard it works for you and How many Generations you keep it for .”
- Marie Curie
A Goal without a Plan is Just a Wish.
Lets Achieve your Goals, by working out a Plan around your Wishes
Service for Doctors at all Life Stages
The Earlier you Start, better it is. But In Financial Planning its never too late. If you are a beginner or have already started investing or have been investing for quite many years, but are not sure which direction you are going and if you are on Right Track or not. Don't Worry. We will help you Organize in your Money Matters and Manage the Financials Responsibly for you. We Serve Doctors at all Life stages.
You can think of us as your primary care physician for your finances.
Here’s What You’ll Get When You Sign Up
The Major benefits is the Peace of Mind and the feeling of Wellness that now your finances are being taken care of Responsibly for your benefit. You will enjoy the process and be always sure that the right quantum of money be available with you as and when required.
Huge Benefit 1
You will get a Detailed Financial Plan with clear action points, which will act as a Road Map for you to do well in your Money Life.
Huge Benefit 2
We will Help you in Proper execution of the Financial Plan to put you into a Financial Discipline, and to keep your behavior biases at bay.
Huge Benefit 3
Its not only Investments but every aspect of your Personal Finances be looked upon like Taxes, Insurance, Life Goals, Estate Planning, Loans etc.
Huge Benefit 4
You Will get a Wealth Monitor,as in online Real time view of your Investments and Assets, to have a clear Idea on where you are going
Here’s what Our Clients are saying about the Services
Dr. Sachin Gupta
I am Proud of my Decision
Rather than googling and confusing myself with the different reviews and articles, I get Filtered Knowledge, which is more important for me. Now I know where to go for all my financial doubts.
Dr. Ashwani Kansal
Quite Happy with His Professional Acumen
My hard-earned money was getting wasted in helping people earn promotions. It is wise to depend on someone who can help you in an honest and sincere manner and that too in your interest.
Dr. AnUmeha Sharma
He's a True WealthCare Expert
He is a Kind of Family Financial doctor for me. I remain so busy in my personal and profesional life that this important area was getting ignored completely. Now i am confident with my personal finances.
We Simplify and Educate
Our value as a fee-only financial planning firm comes from not just making complicated financial matter simple, but also helping Doctors to take action and make smarter, more informed financial decisions.
Financial Planning Process
Below are the steps that we follow to come up with a Suitable Financial Plan for your
Life and Money Goals
Step 1: Get Acquainted (Casually and Formally)
We will start with answering your questions about us, our system and processes. When you are fully convinced and likes to go ahead, then we will share an Agreement for you to read and sign. This will explain in writing what we are going to do and what are the different steps involved. This is the First Step in Transparent Dealings. What we say will give you in writing.
Step 2: Diagnosis
Just Like you, we also do not advise without Diagnosing. So at this step we will require you to fill up the data sheet to share your Complete financial details and goals with us, so we can do our analysis and your Financial Health Check. If you find difficulty in collating data, we handhold you and guide in the whole process. We will do your Risk profiling too, to understand tolerance towards Market movements and what kind of Investment Allocation would suit you for your Long term Investments.
Step 3: Prescription
Once we have your Vitals at place, and the other reports like cash flow, net worth, Loan analysis, Savings requirements, we will write your Financial plan and come up with the best possible solution for the achievement of your financial goals. We may advise you discontinuing your insurance policies or increasing the Insurance cover, We may tweak your Investment Plan, may advise you on how to save more on taxes etc. But all our advise would depend on the Diagnostic reports and Your Requirements.
Step 4: Implementing, Monitoring, Review and Follow Ups
This is the Optional step where we execute the plan and put you on medications (Read Investments). If we need to involve other professionals here like CA, Lawyers, Insurance experts etc. we may do under your permission. Since the results depend on lot many uncontrollable factors so we do the monitoring, half yearly and annual review of the Investments and Financial Plan, to ensure we remain on Track always.
We Both are Same
Your patients trust you with their health, our clients trust us with their finances. Just like you, we take a comprehensive approach to providing care. Throughout the financial planning process, we will take everything into account to identify where you are, where you want to be, and how to get there.
Working together in an ongoing relationship will allow us to be an accountability partner for you. It will ensure that you receive continual care, and that the informed decisions you make will get implemented and updated when necessary.
But Do Understand that Just like Physical Wellness can't be Improved overnight, same way Financial wellness needs time.
We are Talking about your Financial Life, and not Just Investments
Think of this as a long term care rather than One time visit. Your Financial Life does not starts and ends with you. It has many other stakeholders in it and you are responsible for their wellness too.
You don't want them to be worried about the Family's Financial Management in your absence. In fact even if you are there you don't want yourself to remain immersed in the Complexities of the Finances by compromising the quality time which you can devote to your Profession, your Health and Your family.
Great Financial Life Starts with Good Money habits, and A Good Financial Planner will help you bring the goodness in your money life. He can help you save from doing dangerous Money Mistakes.
With a Financial planner by your side you can always be sure that your Money is working for you, even while you are asleep. Money Reciprocates the way you treat it. We will help you uncomplicate the financial matters and how to better plan your financial future in a simple and growth oriented way.
We Will write a Financial Plan for you, and you have to Execute, Monitor on your own
We will write a Financial plan for you and also execute, monitor and do the Timely Review for you
+ Investment management fee may be charged extra; *Some portion of the execution may involve client to visit banks, Post Office, Insurance companies and other offices or agencies where the Financial planner may not have access to ; **some part of execution, or advise may require involvement of other professionals like Tax Professionals or lawyers, and if we invite them then their charges would be extra as per the actual. If Client can take care of the Implementation themselves then we may mutually agree upon the Fixed fee per annum
100% Satisfaction Guarantee
Doctors know the Importance of dealing with Paid Professionals. But being a Human themselves, Its natural to be apprehensive to pay someone where you don't know the exact outcome. So, let me take away the risk from you, and assure you that during the complete Plan writing process, where ever you feel that you are not finding the same useful or not as what you had expected...we will refund you the 100% payment. No Questions Asked.
Frequently Asked Questions
Do Doctors really Need a Financial Planner? Why can't they do it themselves?
Yes. Definitely , they can do it themselves. But it may not be wise thing to do. First, they have to devote so much time learning the nuances of this subject. Then They need to devote time in reviewing the things time and again, with the changing economic and financial scenario. The time which can be best utilized in working on increasing medical knowledge which is an everchanging field, why to devote time in doing your finances yourself when this can be delegated. Plus who better than doctors know what specialisation is all about. They are not specialised in Personal financial Planning.
I have my demat account ? If I work with you, do i have to open any account with you?
Demat account is for Share Sale Purchase and Trading. and will be completely under your control. We will Open your account on some Transaction platform so we can buy and sell low cost investment Instruments as per the Plan. All transactions will be executed only after your approval.
Will You work with my CA or do i have to engage someone from your team ?
Chartered Accountants and Certified Financial Planners have different expertise, though in some areas we both have overlapping knowledge of each other space. If you file your IT returns through your CA, we will provide all the necessary documents required from our side. There's no Compulsion of engaging someone from our team. However if you want us to do this arrangement for you we can do it, through our associations with CAs.
What Investment Products will you advice on? Will you be selling me some ULIPs?
Our advisory will mainly be on Asset Classes. Then, from products level we prefer doing Mutual funds. Insurance we would always advice to keep separate from Investments so will advice on the low cost options there too. We would also advice on the traditional Investments like PPF , SCSS and post office savings. Bank deposits also gets considered in some case. It all depends on your requirements, Risk profile, taxation profile etc.
Do you also earn Commissions from Selling Investments? How to ensure unbiased advice?
No. We will always be on your side of table. We are not associated with any Product manufacturer, and thus do not earn any commission. We being SEBI Registered Investment adviser are allowed to earn only directly from clients.
How Long will it take? You said Lifelong Relationship and I am not Comfortable with that
Its Ok. You may go with our Plan RICH Service, where the association gets over once the plan is complete. We will give you a detailed advise which you may execute on your own. However, if you want you may come back for review after a Year or as and when you want. Its a One time service.
What about the existing Investments?Will you take care of that too?
Yes Definitely. First we have to review those investments and see if they are still a good fit as per your financial Plan. Then weed out the Unsuitable ones. We may like to shift the investments under our management by switching them to the lower cost versions where ever possible.
What If I want to disengage with you in future? How easy is that process?
Its Very Simple actually. You just have to tell us a Month in advance. Since the Invested products would be in your name and direct control, you may create your own logins on different websites and start managing your money on your own.