SEBI Registered Investment Advisor And Fee Only Financial Planner
WHO I AM AND WHAT I DO
I am a SEBI Registered Investment Advisor and Fee Only Financial Planner (Registration Number INA200014672) based in Bangalore, offering comprehensive financial planning services to Indian individuals and Non Resident Indians (NRIs) for a flat annual fee. I have been practicing as an advisor and financial planner since May 2020. I hold an MBA in Finance from Great Eastern Management School, Bangalore (October 2017). I have been an independent investor since July 2017.
The major areas on which I work with and serve my clients include the following :
CASHFLOW MANAGEMENT SYSTEMS AND BUDGETING
Streamlining client incomes in a way that allows them to balance saving and spending comfortably.
PLANNING FOR RETIREMENT AND FINANCIAL INDEPENDENCE
Helping clients understand what they would need to live life on their own terms and designing actionable strategies to help them get all of it and stay there.
NET WORTH ASSESSMENT
Helping clients understand what they own and what they owe, while also educating each of them on how each component of their net worth contributes to or takes away from their financial health and stability.
INSURANCE NEEDS ANALYSIS (LIFE AND HEALTH INSURANCE)
Helping clients and their families by optimally addressing the income protection and replacement needs of the household.
GOAL BASED PORTFOLIO CONSTRUCTION AND MANAGEMENT
Designing, managing and rebalancing customised investment portfolios for clients based on their financial goals and risk profiles.
Helping clients with assistance on aspects incidental to creating legal structures such as trusts, wills and Powers of Attorney that would allow them to operate their assets and pass them on to their intended beneficiaries during or after their time.
Helping clients understand how the investment products they own would be taxed and other allied concepts related to investment taxation.
PRICING AND PERIODICITY OF SERVICES
A typical 12 month period as part of the engagement usually involves 12-15 hours of work with a client (monthly meetings lasting a minimum of 45 to 60 minutes each). The advisor offers a fee only advisory model. The fee structure has been designed keeping the clients’ best interests in mind. The fee structure has been given in detail as follows:
First Year Advisory Fee : The first year advisory fee would be Rs 12,000 for the year. It would be payable in 2 instalments as follows:
Rs 6,000 upfront at the beginning of the year
Rs 6,000 payable at the expiry of the first 6 months
Effective annual hourly fee for 12 hours of work in the first year = 12,000/12 = Rs 1,000 per hour
Annual Renewal Fee (Second Year Onwards) : The annual renewal fee would be Rs 6,000 be payable in 2 instalments as follows :
Rs 3000 upfront at the beginning of the year
Rs 3000 payable on the expiry of a period of 6 months
Effective annual hourly fee for 12 hours of work from the second year onwards = 6,000/12 = Rs 500 per hour
Its been a while since I started earning but when it came to financial planning I have always been a novice. Because of my lack of expertise in this field I decided to work with a financial advisor 2 years ago and I think it was a great decision! When I started working with Akshay , he took time to understand my risk profile, and came up with a financial plan in a professional, methodical manner that was very specific to my needs. I loved how he analyzed the client mindset and thought process around finance to assess my willingness for risk taking and discipline towards money. He is a rare find who along with providing great investment advice as a financial advisor is also committed to promoting financial awareness and has educated me in so many aspects .Today I am much more comfortable choosing funds for my investment portfolio because of this . The time and effort he puts to genuinely relate with his client is commendable . His up to date expertise in the financial sector is a super plus as he spends a lot of time researching and blogging about personal finance & investing on his blog "Finance Made Fun For Everyone"I feel very confident that my long term goals will be met and well tended by Akshay as we share similar values of building up wealth through better savings behavior & applying discipline to navigate changing markets which leads to an enjoyable and less stressful financial journey.If you are looking for an honest , reliable, disciplined, confident and talented financial advisor I would highly recommend working with Akshay :)
MS POOJA KAMATH
Program Manager ( Azure Data SQL ) @ Microsoft
Akshay, your work never ceases to amaze me!
MR KANAGASABAPATHI SHANMUGASUNDARAM
Delivery Manager at Tata Consultancy Services
I engaged Akshay to audit my current personal investment and finance practices and based on which to rectify, streamline and put in place safe guards, and chart out a plan for meeting my current and future financial goals. We went through all my current investments and rectified certain nomination issues and name corrections etc - that if not corrected - has potential challenges in the event of a claim. Next we put in place term plans and health covers that our family would need based on proven calculations. Then we carried out a goal setting exercise and identified different investment instruments that would enable me to realise those goals. Overall me being a busy professional - this exercise of engaging Akshay helped me to get a grip on my financial situation and setup healthy safe guards and ground rules to be implemented meeting all our current and future financial goals and eventualities. I would highly recommend Akshay's services to help you get a grip on your finance and chart a good course ahead.
MR KURUVILLA ABRAHAM
Business Head at Tacten
Name of the Advisor : Mr. K Akshay Nayak
Registration Number: INA200014672
Registration Type : Individual
Validity Of Registration : May 22nd 2020 - Perpetual
Registered Office And Correspondence Address : 11/14, Embassy Centre, High Grounds, Bangalore - 560001
Official Phone Number : 9980909085 (for business enquiries only)
Official Email ID : email@example.com (for business enquiries only)
Local SEBI Office Address : 2nd Floor, Jeevan Mangal Building, No.4, Residency Road, Bengaluru - 560025, Karnataka
1. Registration granted by SEBI, membership of BSE Administration and Supervision Limited (BASL) and certification from National Institute of Securities Markets (NISM) in no way guarantee performance of the Investment Adviser or provide any assurance of returns to investors.
2. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
STATEMENT OF INVESTOR COMPLAINTS (SEBI INVESTOR CHARTER ANNEXURE B)
Statement of investor complaints at the end of a particular month. The annexure linked below would be updated on a monthly basis before the 7th of every month. Prospective and existing clients can have a look at the annexure linked below at any time for their reference. (Zero complaints outstanding at present)