Who this helps
Families whose bank, investment platform, accountant and legal professional each see a different part of the picture, including global Indians coordinating responsibilities in India.
Give each decision a responsible person
Start with the decision rather than a product. A retirement contribution, property-related cash requirement and succession document may affect the same family, but they require different evidence and responsibilities. Identify the owner of the decision and the professional who must answer a technical question. Family members retain decisions and the relevant institutions retain their approval processes.
Use one dated agenda
A coordinated review can connect goal dates, investment records, upcoming cash needs and outstanding documents. Record the date and scope of each external opinion instead of treating an old email as permanently valid. When information conflicts, send the specific unresolved question back to the responsible professional. A discussion summary should distinguish an estimate, a professional opinion and a completed action.
Keep execution and professional opinions distinct
Prasar’s investment execution role is mutual fund distribution. Independent tax and legal professionals remain responsible for their opinions and engagement terms. Coordination is not a SEBI investment-adviser, discretionary wealth-management or regulated family-office mandate. Confirm any separate professional fees directly before work begins.
How the process works
- Define. Choose the decisions and family priorities that need coordination.
- Connect. Identify the holder, institution and independent professional for each issue.
- Document. Record inputs, responsibilities, target dates and unresolved questions.
- Follow through. Review completed actions and refresh the agenda when circumstances change.
What to prepare
- A short list of priorities and decisions due
- A family-level asset and liability summary
- Relevant professional contacts, with permission to coordinate
- Existing reports and the dates or assumptions behind them
Start with a brief summary. Agree the information, access permissions and secure handoff before sharing sensitive documents. Confirm the scope, responsibilities and any separate professional fees before proceeding.
A practical example
Before moving abroad, a couple needs to review bank status, an India education goal and a will. A shared agenda assigns account-status confirmation to the authorised bank, personal tax questions to their tax professional and the will to their lawyer. Prasar helps keep the India investment records and agreed follow-up connected.
Common questions
Is this discretionary wealth management?
No. Coordination organises information and follow-up. It does not allow Prasar to take control of accounts or make discretionary transactions.
Can I continue with my existing accountant or lawyer?
Yes. The workflow can involve your existing independent professionals, subject to their engagement and your permission to share the specific information.
How are charges determined?
Confirm the agreed coordination scope and any professional fees before engagement. Ask separately about commissions and costs for any regular-plan mutual fund transaction.