I got my financial planning done once. When should I renew?
We strongly recommend renewal on a yearly basis to make sure you achieve your financial goals. As part of renewal, we'll make sure your investments are up-to-date with the current market situation, your asset allocation is revised based on current goal timelines, and your emergency fund, insurance cover, and tax planning are up to date as per the current scenario. We'll also adjust your cash flows based on updated income and expenses.
What are renewal charges?
Please refer to our pricing section for our current renewal charges: https://www.7prosper.com/#pricing
Why do I need to pay for renewal or rebalancing?
Rebalancing your portfolio requires similar efforts as that in creating a new financial plan. And just like you, we are qualified working professionals who need to be compensated fairly for the efforts we put in while helping you in achieving your financial goals :)
Do you offer any discount on renewal charges?
We do! Please get in touch with your point of contact who will inform you about the best discount for you.
What if I don't renew or rebalance my portfolio?
Not rebalancing your portfolio on a perodic basis can have serious consequences. We create your financial plan with a set of assumptions that need to be fine tuned periodically and course correction needs to be done on a periodic basis. Even if you don't rebalance your portfolio with us, we urge you to learn and do it yourself. Also, we strongly believe that our fee is a miniscule amount as compared to the impact it creates on your ability to achieve your financial goals :)
