Karyasthan Wealth Management Group delivers FINANCIAL PLANNING/ADVISOR/ MANAGEMENT FEE ONLY SERVICES through various distribution channels.

Services delivered are as follows:

1) Constructing comprehensive PERSONAL FINANCIAL PLAN document, which is made up of various modules:

• CASH PLANNING AND MANAGEMENT

• DEBT PLANNING AND MANAGEMENT

• RISK PLANNING AND MANAGEMENT

• ASSET PROTECTION PLANNING AND MANAGEMENT

• TAX PLANNING AND MANAGEMENT

• COLLEGE PLANNING AND MANAGEMENT

• INVESTMENT PLANNING AND MANAGEMENT

• REAL ESTATE(PROPERTY) MANAGEMENT AND DEVELOPMENT

• RETIREMENT PLANNING AND MANAGEMENT

• RETIREMENT INCOME DISTRIBUTION PLANNING AND MANAGEMENT

• WEALTH PRESERVATION PLANNING AND MANAGEMENT

• ESTASTE PLANNING AND MANAGEMENT

• WEALTH TRANSFER PLANNING AND MANAGEMENT

• BUSINESS SUCCESSION PLANNING AND MANAGEMENT

Your personal financial plan document can be constructed in its entirety or in modular format;

Financial planning and management is a process-it brings together all areas of financial planning and management, which can materially affect financial well being of a individual, family and/or family business;

The process can begin with any one or multiple or entire modular plan construction, which needs immediate or near term analyses and suitable solutions implemented;

CASH PLANNING AND MANAGEMENT- CAN INCLUDE CASH AND CASH EQUIVALENTS-CASH IN BANK ACCOUNTS, FIXED DEPOSITS, INVESTMENTS WITH EQUAL/LESS THAN 1 YEAR MATURITY; MAXIMISING CASH EFFICIENCY AND UTILITY.

IT ALSO FOCUSES ON TWO PRIMARY FINANCIAL OBJECTIVE- LIQUIDITY;MATCH SHORT TERM USE OF CASH WITH SHORT TERM CASH ASSETS.

The other is source of funds for unexpected events-in between Careers/employers; death; illness; short term protection of family etc; Debt planning & management- typical debt are property, car, Education, family business, matrimonial loans;

Sources of debt- banks, lending agencies, family, friends, Credit card etc;

Analyses include-cost of debt(interest), term, payment frequency, prepayment of principal penalties etc;
Liquidity ratios; freeing up cash flow to accumulate wealth Producing assets;

Risk planning & management-two main groups-risk of death & protecting income stream because of death(life insurance); interrupting income stream to family due to illness & injury, commonly referred to as disability income; health & custodial care- family health insurance and family long term care;

The other group is risk assigned to investment assets-stocks, bonds, mutual funds, variable life insurance, property-land, housing; business;

Asset protection planning & management- typically life insurance play a major role to recover invested assets; more debt vs. corresponding recovery of assets in the event of death and dismemberment; Valuing life with income replacement formula vs. wealth accumulated supported with debt; Another aspect that may apply- assets that can be subject to Recovery from law suits;\

Tax planning & management- income tax- minimizing tax, tax avoidance- income tax, capital gain tax, within the confines
Of tax law-federal, state and local;

College planning & management- planning for college costs For board and tuition; planning can include post graduate Learning; another aspect is post secondary education at home or abroad; Suitable investment vehicles to fund education costs; Source lenders to fund portion of education costs; Grants and scholarships available from state and federal Government agencies, and from lending institutions like banks.

Investment planning & management-review & analyses of current investment holdings; Enhancing investment holdings to meet future retirement income expectations; Enhancements also meet diversification and risk parameters And tolerances to preserve retirement investment assets through to end of retirement, and to beneficiaries;

Real-estate(property) management & development-maximizing utility of property- building space-residential or business or land; Working with absentee landlords(those employed out of state and out of country) to maximize income from such property; Majority of families own properties-land and/or building, and It is a major asset holding when measuring wealth of family; Therefore it is a very critical component of wealth, and it is very important to invest and manage that asset class very carefully, and in the process maximize the potential utility of that asset class to maximize family wealth;

Retirement planning & management- determine whether family possess enough wealth to fund retirement and live the lifestyle the family has envisioned; we are living longer, longevity is becoming a very important element when preparing for comfortable retirement-it is better to have your financial assets outlive you than the other way round;

It is also the stage in a lifecycle when you begin to consume your savings, investments and property assets, whether by income and/or liquidating your corpus; So, it is critical to understand what lifestyle envisioned, and at what cost; your income at the time just before retirement, life expectancy, return on investment during retirement, inflation, replacement percentage of earned income are elements in the planning process;

Retirement income distribution planning & management- financial planning standards recommend a distribution rate; but in the period immediate after beginning of retirement, retiree tend to consume at a greater rate, and it may persist until retiree gets grip of consumption;

Wealth preservation planning & management- retiree is guided to extend the life of retirement assets; minimizing taxes would play a role in the guidance; also, minimizing investment risk would play critical role; risk/reward relationship would be revamped to reflect appropriate expectations;

Estate planning & management- guidance to put in place legal documents ensuring smooth passing of family wealth to successive generations;
Wealth transfer planning & management- guidance to leverage wealth transfer to successive generations, minimizing tax consequences; guidance to use leveraging strategies to maximize transfer of wealth, but also, to recover wealth lost to tax, expenditures, charitable giving;

Business succession planning & management- businesses can be a significant component of family wealth; guidance to equitably distribute family wealth while preserving family business;

Financial planning advice begins with the construction of the personal financial plan document.