Prudent Fee Structure
This is a consultation service, where you come up with your queries, planner at the backend do the maths behind (if required) and then meet virtually /personally, depending on location and clears the doubts and answers to specific queries related to investments, insurance, taxes, goals etc. Fee only financial planner comes in handy if you feel that you are able to handle most of your Investment management on your own, and are only looking for little guidance and advice. Consultation fee will be charged for Rs 2000 per meeting with your adviser, which may be adjustable with your agreed Final Financial Plan preparation fee as you opt, if you intend to hire our any financial planning services within 30 days from the date of consultation.
Annual Financial Planning Fees
A fee for creating a financial plan is based on the basis of complexity of the financial situation. Once the complimentary meeting/discussion is held and we have understood brief about your finances, the actual quote is provided to you. However, the fee for this service will remain in the range of Rs 7,500- Rs 25,000. The fee is paid in two tranches. Rs 2000 is payable upfront during first meeting and balance which is final quoted during signing of letter of engagement. For further engagements/meetings, the fees will be charged as per the level of engagement and will be disclosed to you in advance.
Mutual Funds Fees under DIRECT PLANS
Since commissions & brokerages are NOT paid under DIRECT PLANS of any mutual fund scheme, as per the market regulator SEBI’s guidelines stipulates that investors directly make payments to advisor, otherwise Mutual Funds companies is adjusted commission under REGULAR PLANS from their daily NAV made in any scheme, will hamper the return in the long-run.
|Upfront fee(Equity Funds)||1%|
|Upfront fee(Debt Funds)||1%|
|Upfront fee(Liquid Funds)||0.5%|
|AUM based Charges||0.5% P.A.|
|One Time Charges||Rs 5,000|
Annual Online Wealth Management Desk Fees
You will be provided a single online platform which can help you manage your investments across all asset classes such as Mutual Funds, Life Insurance, Non-Life Insurance, Postal Schemes, PPF, Stocks, FDs, Bonds, Bullions, and Real Estate etc. Hence it is imperative to give you a consolidated view of your investments to enable you to get the right perspective of your wealth and risk mitigation.
|Wealth Magic MF login||Rs 500 P.A.|
|Wealth Magic Portfolio login||Rs 1,500 P.A.|
|Wealth Magic Mobile apps||Rs 1,000 P.A.|
Disclaimer: The above information of fee structure on our services is for general reference and discussion purposes only. A signed and dated Client Service Agreement for respective services is the only official source of fee quotes and the only binding offer of service recognized by Prudent Financial Planners. Actual fees will depend on each client’s specific planning needs.
Latest posts by Suresh Kumar Narula (see all)
- The Secret of Goal-based SIPs? - October 26, 2018
- Do not invest based on returns, rather than goals! - May 18, 2018
- Gold is not bold anymore - April 17, 2018
- Our Planned Trip to Shri Mata Vaishno Devi! - July 17, 2017
- How much should you expect the return? - June 17, 2017