Transition to Unified Portfolio and Financial Plan
Transition to Unified Portfolio and Financial Plan
Over the next few months, we will be shifting to a new approach to investing for and managing your goals.
Over the next few months, we will be shifting to a new approach to investing for and managing your goals.
What's changing?
What's changing?
Instead of having a separate plan & portfolio for each goal, you’ll have one unified portfolio and a single financial plan with multiple goals.
This change is driven by our clients’ growing wealth and increasing financial knowledge. The unified approach is more effective for managing your wealth than the previous goal-based portfolios.
Instead of having a separate plan & portfolio for each goal, you’ll have one unified portfolio and a single financial plan with multiple goals.
This change is driven by our clients’ growing wealth and increasing financial knowledge. The unified approach is more effective for managing your wealth than the previous goal-based portfolios.
Why is this better?
Why is this better?
Simplified Risk Management: A single portfolio is easier to align with your risk profile.
Simplified Risk Management: A single portfolio is easier to align with your risk profile.
Streamlined Investments: You can have one SIP (Systematic Investment Plan) for all your goals, which can be adjusted as needed.
Streamlined Investments: You can have one SIP (Systematic Investment Plan) for all your goals, which can be adjusted as needed.
Fewer Fund Accounts: You’ll have fewer fund accounts to manage.
Fewer Fund Accounts: You’ll have fewer fund accounts to manage.
Holistic Planning: It’s easier to consider your family’s wealth outside of our platform when planning your financial goals.
Holistic Planning: It’s easier to consider your family’s wealth outside of our platform when planning your financial goals.
Efficient Withdrawals: Once a goal is achieved, you can withdraw more efficiently from your total wealth, rather than from individual buckets.
Efficient Withdrawals: Once a goal is achieved, you can withdraw more efficiently from your total wealth, rather than from individual buckets.
Effective Portfolio Management: Activities like portfolio reviews, asset allocation, and rebalancing can be done more effectively.
Effective Portfolio Management: Activities like portfolio reviews, asset allocation, and rebalancing can be done more effectively.
Greater Flexibility: You have more flexibility in changing, adding, or removing goals.
Greater Flexibility: You have more flexibility in changing, adding, or removing goals.
What do I need to do?
What do I need to do?
Start by creating a financial plan to explore the additional advisory features.
Once you’re comfortable tracking your goals via the financial plan, you can ‘close’ your individual goals.
Start by creating a financial plan to explore the additional advisory features.
Once you’re comfortable tracking your goals via the financial plan, you can ‘close’ your individual goals.
Is This Transition Mandatory?
Is This Transition Mandatory?
Yes, this transition is mandatory and will be made over the next 3-4 months.
You won’t be able to create a new goal-based portfolio from now on. And all clients are required to switch to the new approach by December 15, 2024.
Yes, this transition is mandatory and will be made over the next 3-4 months.
You won’t be able to create a new goal-based portfolio from now on. And all clients are required to switch to the new approach by December 15, 2024.