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Every dream is as special as the person who dreams it !

What's yours?

67% of all investors in India follow an informal advice system
which is neither scientific nor grounded in any reality
       
*National Council of Applied Economic Research

Why you must plan your finances

Like most people, you have hopes, dreams, and life goals for yourself and your family; but the pressures and complexities of everyday life can make setting and achieving financial goals difficult. That's why it makes good sense to have a financial plan in place.

What is financial planning?

Life is a myriad canvas of many different goals, aspirations and dreams. For most people, money is the catalyst for change; the medium that allows them an opportunity to turn dreams into reality; to fulfill several latent desires; to enhance and develop the space in one's life and to bring happiness to people who matter. Financial Planning is the tool, which actually allows a smooth transition from youthful exuberance to mature thought, easing gently into effective money management.

Do I need financial planning?

Unless you were born with a silver spoon and your wealth allows you to indulge in every excess you can think of, you are a common man like most of us and like every common man, you need financial discipline and you need financial planning. To start with, you need to understand the reason for financial planning: its contours, its need and its delivery.No matter what our individual economic status is the truth is that all of us have desires, goals and aspirations. Some of us are fortunate to have the benefit of an inheritance or the largesse from a distant relative to fulfil every such need. A majority of the masses, however, are less fortunate. For the truly middle income man the need to provide for future known events - education, wedding/s, retirement et al - is predetermined.

How do we do this?

Solving financial issues one at a time makes it harder for you to get to where you want to be. We apply a disciplined financial planning approach

Build and nuture the client-planner relationship

The financial planner explains or documents the services to be provided and defines his or her responsibilities along with the responsibilities of the client. The planner explains how he or she will be paid and by whom. The planner and client should agree on how long the relationship will last and on how decisions will be made.

Re-group client data and determine goals and expectations

The financial planner asks about the client's financial situation, personal and financial goals and attitude about risk. The planner gathers all necessary documents at this stage before giving advice.

Identify areas to analyse and evaluation of client's financial stature

The financial planner analyzes client information to assess his or her current situation and determine what must be done to achieve the client's goals. Depending on the services requested, this assessment could include analyzing the client's assets, liabilities and cash flow, current insurance coverage, investments or tax strategies.

Develop and showcase financial planning recommendations

The financial planner offers financial planning recommendations that address the client's goals, based on the information the client has provided. The planner reviews the recommendations with the client to allow the client to make informed decisions. The planner listens to the client concerns and revises or modifies his recommendations as appropriate.

Gather all strings and take forward the finalised plan

The financial planner and client agree on how recommendation will be carried out. The planner may carry out the recommendations for the client or serve as a "coach," coordinating the process with the client and other professionals such as attorneys or stockbrokers.

Examine the process of the implemented plan from time to time

The client and financial planner agree upon who will monitor the client's progress toward goals. if the planner is involved, he or she should report to the client periodically to review the situation and adjust recommendations as needed.

How Plutus can help?

Retirement Plan

Plan finances today, with customised portfolios and deposit plans, so you can lead a life of ease tomorrow.

Safety Net

Build a financial safety net to prevent financial disasters from derailing your future

Wealth Building

Create a strong reservoir of resources to support your financial wellbeing.

Big Purchases

Make responsible big-ticket purchases without encroaching on other financial necessities.