First get a Fee only SEBI registered financial planner/advisor. They charge a fixed fee but don't take commission from your investment. Once you have large capital like more than 5 crore, you can think about wealth manager.

Product Marketing Manager

What are those advisors called and where can I search them?

System Engineer

Software Developer

1. How much should I have in account to hire a person wealth manager? 2. How much should I be making to hire a personal wealth manager? 3. Any other factors to consider to hire a personal wealth ma...

1. How much should I have in account to hire a person wealth manager?
2. How much should I be making to hire a personal wealth manager?
3. Any other factors to consider to hire a personal wealth manager?

Hire a Personal Wealth Manager

Hire a Personal Wealth Manager- Grapevine

Welcome to Personal Finance's Private Community

Till now I’ve been investing our families income into shares and MFs by myself using own research and places like grapevine :)

Now the allocation and its wisdom has started worrying me as the overall portfolio inches towards 1cr 

And I am wanting to consult a wealth manager but not sure how to begin the search for one. 

Any leads?

How does one find a wealth manager

Founder

60lac + salary - do you have a wealth manager?

Growth Manager

Working in private wealth in a Wealth manager role. New to this, does this job have future and good annual compensation (25-40LPA) also?

Need clarity on this

Advisory

Welcome to Indian Startups's Private Community

I am 30M with 2 cr in savings (across portfolio, no RE, all liquid) If I keep up with this rate I will hit 8cr (~1M USD) by 2027. I am living with my parents, married, no kids yet. Want to move out. Should I buy a house (purely consumption) now or should I wait 4-5 more years get more savings (hit my 8cr target) and buy then? If so, I would be renting out for the next 4 years and assume I would also have a kid by then. 
What are you thoughts? Also buying city would be Chandigarh Tricity ( keen on Panchukula) 
If any of the folks here have knowledge about the property rate there that would be great.

Question for the finance planning folks

Consultant

Hey guys, I am the founder of Pocket. 

As you all know I failed to raise any capital for Pocket and even so failed to launch the product. So I tried different things and finally stumbled upon a new idea. Now I am trying to do something different, Fintech + AI.

I feel there is a complete abundance of Fintech AI tools in the B2B Saas space but not so much done for the consumer space. So I started working on project-hermes, it's a personal financial advisor designed to understand your bank statements and credit reports with ease and intelligence.

🤖 What makes Project Hermes unique?

1. AI-powered insights: Get smart, tailored advice on your financial health.
2. Easy to use: Just upload your documents and let Hermes do the rest!
3. Secure and private: Your data's safety is our top priority.

🌐 It's still in beta, and I would love your feedback to make it even better. Give it a try and see how it can transform your financial management experience.

Check it out here: https://project-hermes-ai.vercel.app/

Ditch the Accountant - Let AI Simplify Your Finances - No Numbers, Just Solutions. Try Now

Project Hermes — Talk to your finances

I am back with something new in Fintech

How can a salaried man/woman create wealth?
I wonder if I will just continue earning till 60? 
People say create wealth by investing in real estate. Is that true? I don't know how to start investing in real estate.
How do you guys plan to create wealth 🤔 ?

How can a salaried person create wealth?

Software Engineer

Welcome to Software Engineers's Private Community

Creating wealth

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth)
46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L
NPS: 35L

2. Savings Account and Fixed Deposits: 20 L

Savings Account: 12L
Fixed Deposits: 8L

3. Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25%
Mid Cap: 15%
Contra: 10%
Small Cap: 20%
Flexi Cap: 30%

4. Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks)
NCD/Bonds: 80L 

5. SGB (Gold): 80L

6. Crypto: 46L

Bitcoin: 35L
Solana: 6L
XRP: 3L
other cryptos: <1L

International Investments: 1.49Cr
QQQ: 30L
NVDA: 32L
AAPL: 28L
AMZN: 33L
GOOGL: 26L 


We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. 

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

Reached 1M USD networth in India 🇮🇳

What’s a startup idea you had but you never built it

Business Development Manager

I have some money parked in multiple accounts, investments, pf, deposits. 
I need advice on how to track all these at one place so that i don’t forget anyone of them in future.
Any suggestions or advice or personal experience, please share.
Thanks in advance!!

Wealth Management Suggestions

I have always been very intrigued about managing my own finances, never hired a CA till now. 

But every year when the tax return filing time comes I run into the same thought - Am I paying too much taxes, is there a way to plan it better?

wanted to get some information on how are you guys managing your taxes. 

- Do you guys have a dedicated CA? does hiring a CA helps? 

- How do you plan your finances? investing/Saving/restructuring to avoid paying the maximum taxes? 

- Some people setup a side business to set off some recurring losses/expenses to some extent. Does that work in long term? 

- In terms of wealth generation, what is your strategy? How much you are able to invest? What assets are good in your POV?

P.S. - Before someone comes up with you need to pay taxes so India can grow. I understand your POV but IMO, I am not able to get the benefits/infra in return, but I with all my heart believe in India’s growth story.

People with 50L+ taxable income, how are you managing tax planning?

Staff Engineer

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Welcome to Banking & Finance's Private Community

I've been following traditional FD/RD/PPF investments with miniscule Sip over the last few years, since most of my income goes in clearing my debts. Now that I'm debt free, i need to figure out wealth generating avenues, but I'm not an expert in this area. So, is it ok to trust financial advisors to monthly invest about 3L (my investment appetite per month)? Or do they generally work on their/Fund's interest instead of the client's interest?

Hire a Personal Wealth Manager

Discover More

Personal Finance on

by Jordon Denver

Founder

How does one find a wealth manager

Personal Finance on

by Blair Lee

Startup

60lac + salary - do you have a wealth manager?

Personal Finance on

by Kendall Lee

Fincart

Need clarity on this

Indian Startups on

by Matilda Lee

Fincart

Working in private wealth in a Wealth manager role. New to this, does this job have future and good annual compensation (25-40LPA) also?

Personal Finance on

by Anise Dean

Stealth

Question for the finance planning folks

Indian Startups on

by Kalan Carmden

Stealth

I am back with something new in Fintech

Personal Finance on

by Anise Nadeen

Paytm

How can a salaried person create wealth?

Software Engineers on

by Kalan Denver

Paytm

Creating wealth

Personal Finance on

by Isaiah Denver

Stealth

Reached 1M USD networth in India 🇮🇳

Indian Startups on

by Jordon Taye

Amazon

What’s a startup idea you had but you never built it

Personal Finance on

by Dezi Gabriel

Stealth

Wealth Management Suggestions

Software Engineers on

by Dezi Lee

Uber

People with 50L+ taxable income, how are you managing tax planning?

Personal Finance on

by Jordon Lee

Uber

People with 50L+ taxable income, how much taxes are you paying? is there a way to reduce that?

Banking & Finance on

by Coy Carmden

Morgan Stanley

Are financial planners/advisors worth it?