HarMoney - Money Ki Baat, Harsh Ke Saath

---

We are here to improve your Financial Intelligence and coach you on various money matters so that you do not get fooled by advisers with vested interests - and are able to take your own financial decisions in the best of your interest.

Why you should work with a Fee-Only finance coach:

It is not difficult to find an experienced and knowledgeable Personal Finance Coach, but the challenge is to identify a Coach who has no vested interest and who keeps your interests as paramount. You need one you can trust and who doesn’t rip you off by hidden charges and commissions that can side line your goals.

That’s where we pitch in.

Our “Fee-Only” consultant helps you mitigate this risk because the only person who will pay him is you. He will not be earning any commission by recommending and selling any of the financial products (like demat account, insurance, mutual funds, corporate deposits etc). This provides you relief, satisfaction and assurance that you are working with a genuine professonal and not with a "salesperson" trying to sell you something.

Our consultant does not get any incentive of any form to sell / recommend any particular financial product as they are not paid any commissions based on how many or how much the clients invest. They only get a flat fee for their time, knowledge, and services. You can be sure that there are no biases while discussing about any financial instrument. So, the guidance is completely tailored according to the needs of the client. 

There is complete transparency. You know exactly how much you are paying and how much the consultant is getting paid to fulfil your requirements. If you advisor is actually a Mutual Fund Distributor or an Insurance Agent or Bank’s Relationship Manager / Employee, then he will get a commission from the investments you make in his recommended products, and obviously that commission is paid to him from your investment amount itself, so your real invested amount is actually lower, and ultimately you will earn lower returns. AND YOU MAY NOT EVEN REALIZE THIS – as all these are hidden and happens behind the scene.

Thus, such people may sell you instruments which offer them higher commissions and not the ones which are best suited for you. A “fee-only” person protects you from products that are not suitable for you from a risk return perspective, liquidity, taxation and others reasons, and recommends what suits your goals/needs. 

A Fee-Only person does not have any conflict of interest. His and clients' interests are commonly aligned towards the betterment of the clients' goals and objectives. 

Eg: A fee-only person will teach you to balance your loans / debts and investments, while commission-earning person may not care about reducing your debt burden as they will be focused on making you invest in instruments in which they can earn more. It's human nature. 

1. ADHOC (as needed): 

₹  6,000 (upto 30 min) 

₹ 10,000 per hour (for above 30 min)

2. REGULAR (for continuous consultation)

a) Fortnightly (once in 2 weeks)

ANNUAL PLAN: ₹ 180,000 (24 sessions: 2 per month of 1 hour each for 12 months)

HALF-YEARLY PLAN: ₹ 99,000 (12 sessions: 2 per month of 1 hour each for 6 months)

QUARTERLY PLAN: ₹ 54,000 (6 sessions: 2 per month of 1 hour each for 3 months) 

b) Monthly (once in a month)

ANNUAL PLAN: ₹ 90,000 (12 sessions: 1 per month of 1 hour each for 12 months)

HALF-YEARLY PLAN: ₹ 49,000 (6 sessions: 1 per month of 1 hour each for 6 months)

QUARTERLY PLAN: ₹ 27,000 (3 sessions: 1 per month of 1 hour each for 3 months) 

USP: UNBIASED advice which is tailored & best suited in favour of the client - because Harsh works on fee-only model and does not earn any commission from any other insitution. He or his immediate family members do not have any agency of any investment, insurance or other financial products.

₹ 124,000 or 1.25% of your net worth - whichever is lower

₹ 2,500 per hour : Ask anything

USP: UNBIASED response specific to the query and objective of the client. Harsh will share his views on topics you would like to discuss and answer your queries to educate you. Objective is to exchange knowledge and make you skilled enough to make your own financial decisions. 

₹  4,999 : Just filling the ITR form & submission based on information provided (No review)

₹  9,999 : For ITRs having incomes from only Salary, Rental and Other Sources

₹ 14,999 : For ITRs which also include Capital Gains/Losses

₹ 19,999 : For ITRs which also include Foreign Assets or Foreign Income

₹ 19,999 : For ITRs which also include Futures & Options trading

₹  8,000 per hour : For ITRs which have income from business & profession (other than F&O Trading). Fee depends on estimated time required based on complexity… the more structured and complete your information & documentation, the lower time I need to spend and lower will be the fee. 

Notes:

1. Above fees are for “individual” assesses only - TO BE FULLY PAID IN ADVANCE

2. If Total Income > Rs.1 Crore, add Rs. 1,000 to above fees for additional schedules to be filled in the ITR

3. If correction feedback needs to be submitted for AIS/TIS, additional fees will be charged @ Rs.5,000/hour for actual time spent on the same

Disclaimer:

Accuracy of ITR is subject to accuracy and completeness of the information provided by the client. CA Harsh Agarwal will not be liable for inaccurate or delayed ITR. Harsh doesn't deal with any IT notices, so the client will have to deal with those, if any, by him/herself.