Financial Plan Reviews more economical now !!

Financial Plan Review is needed to prepare fresh strategies to meet the financial goals. If goals change or new goals are identified then it is a reason to review the financial plan. But even if goals do not change then also there are sufficient reasons to review the plan. Some of the reasons are:

1. Savings and investments not happened as per the plan
2. Assumed savings growth not likely to be maintained
3. Investment returns not as expected. Need to review the existing investments.
4. New investments have emerged or existing investments are low performers.
5. Change in inflation rates. It will affect goal maturity amounts.
6. Changes in taxation rules

Some clients have expressed concern that if there is no change in goals why should they pay planning fees almost same as for new financial plan. To address the concern Konark has introduced plan review fee discounts if there is no change in goals. Change in goal implies either change in goal duration or goal amount.  For retirement goal change in total household expense will affect the  goal among other variables. If life insurance review is not necessary or product advice is not required then also fee discounts will be available.

Plan review fee discounts will be as follows:

	Economy Plan	Optimum Plan
Child’s Education	Rs. 400	Rs. 600
Child’s Marriage	Rs. 300	Rs. 400
Retirement Expenses	Rs. 500	Rs. 800
Life Insurance Need Analysis	Rs. 800	Rs. 1,200
Life Insurance Product Advice	Rs. 500	Rs. 500
Mutual Funds Product Advice	Rs. 1,000	Rs. 1,500

 These discounts are in addition to existing discounts. For more details please refer
http://konarkinvestors.blogspot.in/2014/11/financial-planning-fees.html