We’ve spent a lot of time thinking about how to structure our fees to make sure they are fair– to both you and us. Here are our guiding principles:
- Fully transparent – Let’s make sure you know exactly how we get paid before you engage with us. We want you to know exactly what you’re paying for.
- Fiduciary Commitment – Our clients interests come first. Period. From our first phone call to our last meeting.
- Value – Our pricing reflects our extensive knowledge and expertise in special needs planning as well as our commitment to maintaining a high-touch communication and guidance standard throughout the planning process. Our goal, is to provide you with the confidence and security, that your plan will help your family and loved one experiencing disability reach your full potential.
“Let’s Talk About How We Get Paid”
PSN Life Plan System
We charge Rs 60000 (20% off) for the first year. Rs 30000 upfront and Rs 18000 after 6 months. There is a commitment of at least 12 months of engagement with our team. We were very deliberate and thoughtful when selecting this time frame. From our experience assisting over 50 families across globe, we have found that it typically takes 6 months or more to successfully address all areas of a special needs plan. Can also be maintained in perpetuity as long as your family wants us a part of their planning team.
We’ll work with you to identify areas in your plan that are important to you and assist in the plan coordination, recommendations and construction of the individual’s entire support plan.
* The fixed fee quoted as above are excluding taxes.
** The fee for Financial & Legal Plan is payable in 2 instalments at interval of 6 months.
***We have preferred rates for Single Parents with special needs. child to care and groups.
Services Under PSN Life Plan System
- Consultation with Experts on child assessment for various services
- Guidance & Assistance to the family on various processes required for child care- Legal Guardianship, Disability Certificate, Unique Disability Card and Others
- Residential Living Analysis and Planning
- Estate Planning Structure and Design
- Retirement Planning Projections and Strategy Review
- Review of Planning Goals and Vision for Child
- Family Tax Planning— Capital Gains & Income Tax Minimization, Asset Purchase & Sale
- Plan Coordination with other Professional and more!
PSN Life Plan System – After First 12 Months
We have a periodic review system based on the support delivered for various elements covered under Life Plan System. We will discuss in the first year and help you understand the review process under Life Plan System. Based on services still needed for 4 elements we will determine the fee which will be fixed in nature.
Foundational Planning System
- Financial Plans – Special Needs Member and Other Family Members
- Investment Recommendations
- Insurance Recommendations
- Risk Profiling
- Existing Insurance and Investments Analysis
- All Goals Analysis – Cost and Funding (Including Special Needs Child)
- Tax Planning
- Implementation Support (Within Scope of Engagement)
- Action Plan
- Estate Planning Objectives
- Support
- Written Report
- The client would receive Guidance & Assistance on various processes required for Special Needs Child care within this one year
- All fees are subject to revisions every 3 years
Foundational Planning System- After first 12 Months
From Second year onwards the client may sign up for our Retainer services. Here we do periodic reviews of the financial plan. The fee will be quoted in the first year of the engagement.
Financial Consulting
We offer special needs financial planning services on an onetime consulting. The consulting fee for these services is Rs 15000. The minimum commitment required is of 3 months though from our experience assisting over 50 families across globe, we have found that it typically takes 6 months or more to successfully address all areas of a special needs plan. Can also be maintained in perpetuity as long as your family wants us a part of their planning team. For hourly basis fee is quoted to you before our discussion.
Investment Management Fees
Ideal for households with Rs 50 lakh or more in investable assets who want to outsource the investment management, account maintenance and see value in having a point of contact for all investment related questions. This fee arrangement covers all Financial and Special Needs Planning topics above.
- 75% annually on Assets Under Advice value from Rs 50 lakh to Rs 2.0 cr
- 60% annually on Assets Under Advice value from Rs 2.0 cr to Rs 5.0 cr
- 40% annually on Assets Under Advice value from Rs 5.0 cr to Rs 10 cr
- Custom fee on Assets Under Advice value from Rs 10.0 cr and up.
** We do not charge fees on accounts like EPF, Pension, Annuities or Other employer sponsored programmes.
All fees quoted above are subject to review every 3 years
Fee for any other services you can check out services section. Areas where we do not have expertise or we may have to involve other experts, fees will be quoted as per the scope of work involved.
To understand more about our services and fee structure click here to know more.
Disclaimer: The above information on fee schedule 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 Jitendra PS Solanki. Actual fees will depend on each client’s specific planning needs.
***All Financial Planning and Investment Management Services quoted above are offered by Mr. Jitendra P. S. Solanki, who is a Sebi Registered Investment Adviser under Individual category (Reg. No. INA100000184).