Fees

  • Update: I am temporarily not taking on new clients nor doing introductory calls with new clients; So for now, please ignore the information below
  • My current fees are:
    • For new clients, Rs 50,000 for the first twelve-months
    • If an existing client chooses to renew the engagement, then Rs 25,000 for the subsequent twelve-months

Details

  • Majority of clients do not feel the need to renew the engagement:
    • I like to design a very simple portfolio that neither I nor the client have to review. Hence client's do not feel compelled to continue the engagement beyond the first twelve-months
    • As a result, a majority of my clients do not renew the engagement beyond the first twelve-months (they may renew the engagement a few years later if there is a significant change in their life)
  • Fees are based on 20 hours of effort. This is a radically different from the Robo++ Process:
    • The fees are based on the assumption of 20 hours of effort during the first twelve-months 
    • Discussions consume half of these hours and back-end work consumes the other half of these hours
    • The number of hours of effort during the subsequent twelve-months is proportionately lower
    • This Customized Process is radically different from the 5-hours-of-effort in the first-year Robo++ Process that is prevalent in India (details are in the Approach page) 
  • Focus on clients with a net worth of Rs 1 to 100 cr:
    • I focus on clients with a net worth of Rs 1 cr to Rs 100 cr. Net worth in this specific context refers to a couple's total value of all assets including real estate (even if you live in it) and any very likely inheritance; minus total liabilities
    • You could consider this engagement:
      • If your age is 25-34 and your net worth is >= Rs 1 cr
      • If your age is 35-39 and your net worth is >= Rs 2 cr
      • If your age is 40-44 and your net worth is >= Rs 3 cr
      • If your age is 45-49 and your net worth is >= Rs 4 cr
      • If your age is 50-54 and your net worth is >= Rs 5 cr
      • If your age is 55-59 and your net worth is >= Rs 6 cr
      • If your age is 60-64 and your net worth is >= Rs 7 cr
      • If your age is 65-70 and your net worth is >= Rs 6 cr
      • Note 1: In case you are entitled to a pension from your employer or you are a Doctor / Dentist who is less than 45 years old, then consider half of the above mentioned amounts
      • Note 2: If your net worth is less than the amounts mentioned above, then the engagement will not be able to provide you value-for-money. Hence you would be better off contacting another Advice-Only RIA who (a) follows the Customized Process (their number of hours of effort may vary between 15 and 20 hours) and (b) among mutual funds, primarily recommends index funds
    • Clients could be resident Indians or NRIs
  • Renewal fees will increase over time and fees are payable in advance:
    • The renewal fee will increase over the years for all clients who choose to continue to renew the engagement for an additional twelve-months 
    • The fees are payable in advance at the start of the twelve-month period of engagement (To clarify, the introductory audio call is free of cost. But I do not provide any investment advice during this introductory audio call)
    • I do not offer any other engagement with a reduced scope and lower fees

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