At Krishna Wealth Planning, I work mostly with technology and medical professionals, many of whom are nearing retirement and want to know if they can be financially independent. As a former tech professional, I bring a unique process-based approach to managing the complexity of their lives. I opened Krishna Wealth Planning in 2019 to help my clients achieve a delicate balance between living an abundant life now and building a secure foundation for the future.
My clients receive a custom-designed investment portfolio based on empirical research and sound principles. I also ensure their investments are carefully integrated into their financial and retirement income plans. Additionally, I write practical pieces on my firm's blog and seek to educate the broader public through writing and media interactions.
I hold several professional designations, including being a CERTIFIED FINANCIAL PLANNER™ professional since 2014, and a Retirement Income Certified Professional (RICP) since 2016. I am also an IRS Enrolled Agent (EA), which enables me to provide in-depth tax planning as a part of your plan. I earned a B.S. degree in Electrical Engineering from Purdue University.
On a personal note, I live in McKinney, Texas (North Dallas area) with my wife of almost twenty years, Pavi. I enjoy spending time with my daughter Veda, who is 13 years old, and my two-year-old German Shepherd, Mocha. I am a member of the Financial Planning Association (FPA), the National Association of Personal Financial Advisors (NAPFA), and the XY Planning Network.
Krishna Wealth Planning LLC is an investment advisor firm located in McKinney, Texas. We serve clients both in the Dallas area and virtually across the country. Our primary aim is to help our clients live their best possible lives in the present while securing a better future.
General Information |
| Firm Start Year: | 2019 | |
| No. of Employees: | 1 | |
| Name of Custodial Firm: | Charles Schwab |
| States Licensed in: | TX (However, we can serve clients across the country) |
| Number of Years with Current Firm: | 4 |
| Work Experience: | I started my professional career back in 2002 as an electronics engineer working for IBM and their hard disk drive affiliate company. I transitioned into wealth management and financial planning in 2011. Through firms local to Plano and Frisco, Texas, I built experience in a variety of areas including behind-the-scenes operations, tax return preparation, financial plan development, and as a client-facing advisor. My experience has led me to Krishna Wealth Planning, which I opened in 2019. Since then, I've worked as owner/operator and am grateful to directly serve wonderful families both in the Dallas area and virtually across the country. |
| Work with the following types of clients: | Individual Investors |
| Foreign Languages Serviced: | English, Tamil |
| Advisory Services Provided: | Financial Advice & Consulting, Estate Planning & Trusts, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Investment Advice & Management |
Services |
| Investment Types: | Alternative Investments, FOREX & Currency, Options & Futures, Commodities, Stocks, Annuities, Insurance, Exchange Traded Funds (ETFs), Mortgages & Real Estate, Mutual Funds, Bonds, Socially Responsible Investments (SRI) |
| Can meet clients in the following ways: | Your Home, Phone, Email, Your Office, Our Office, Our Offices, Video Conference |
Firm Information |
| Firm's Number of Clients: | 31 |
| Firm's Number of Planning Clients: | 3 |
| Firm's Number of Managed Clients: | 28 |
| Assets Managed by Firm: | $17,000,000 |
| Advisor's Number of Clients: | 31 |
| Advisor's Number of Managed Clients: | 28 |
| Advisor's Number of Planning Clients: | 3 |
| Assets Managed by Advisor: | $17,000,000 |
Compensation and Fees |
| Fee Structure: | Fee-Only |
| Minimum Portfolio Size for New Managed Accounts: | $100,000 |
| Compensation Methods: | Based on Assets |
| Fee % Based on Assets: | Tiered |
| Hourly Rate: | N/A |
| Additional Details on Charges: | Our detailed pricing can be found online: https://krishnawealth.com/pricing/ |
| Minimum Fee Charged for Managed Accounts: | $3,000 |
Education |
| Bachelors - Electrical Engineering | Purdue University
- West Lafayette, Indiana 09/01/1997-05/01/2002 |
Financial Services |
| Financial Advice & Consulting
I believe people want to live the best life possible from the resources they have. Care and diligence is needed by the advisor to ensure clients are taking enough precaution to avoid dangerous outcomes but also ensuring that their money is serving them and frugality is not taken to an extreme. For people to take action, they need to clearly see how taking that action will improve their outlook or remove a large risk. By never losing sight on what's important to my clients, I believe that sound advice and creative solutions can emerge. |
| Portfolio Management
A disciplined trading approach can help you take advantage of the opportunities our markets provide. We use a tolerance band technique to capture competing objectives, such as minimizing trading costs and capturing momentum. |
| Retirement Planning
As a Retirement Income Certified Professional (RICP), we help families establish sustainable spending strategies, build detailed cash flow analyses, and evaluate Social Security and pension decisions. We also help ensure your retirement income plan is tax-efficient. |
| 401K Rollovers
We help our clients work through the decision and implementation process for 401k rollovers. A summary can be found in our blog piece: https://krishnawealth.com/awaking-a-sleeping-lion-what-to-do-with-your-dormant-401k-plan/ |
| Insurance Planning
A great investment plan can get disrupted if proper risk protections are not in place. Among other things, we strive to make your plan robust against emergencies, premature death, illness, disability and long-term care. |
| Estate Planning & Trusts
An often-overlooked part of a comprehensive plan is how your family and other important individuals and institutions will fair in the event of your death or incapacitation. We help you build and execute an estate plan to improve peace of mind for all involved. |
| Tax Advice and Services
As an IRS Enrolled Agent (EA), we deeply understand your family's tax situation. We develop detailed projections to help you spot opportunities, avoid surprises, and build long-term strategies. It is not just what we earn or grow. It is what we keep after taxes that impacts our lifestyle. We build savings and withdrawal plans with a focus on both short-term and long-term tax efficiency. |
| Education Funding and Planning
Rising college costs and student loan burdens make education planning more important now than ever. We help you design funding strategies with the goal of helping your children receive quality educations while keeping your own financial independence on track. |
| Investment Advice & Management
By understanding your goals, your ability to tolerate risk and what type of productivity you need from your financial plan, we design a custom investment solution for your family. |
| Risk Management
A great investment plan can get disrupted if proper risk protections are not in place. Among other things, we strive to make your plan robust against emergencies, premature death, illness, disability and long-term care. |
| Money Management
We use Schwab, one of the nation's largest and most recognized custodians for your investments. We also seek to keep your investment costs minimized by using fund families such as Dimensional Fund Advisors, Vanguard, and iShares (Blackrock). |
| Financial Planning for Businesses
As a Certified Exit Planner (CEPA®), we work with owners of privately held companies to align their business, personal and financial goals. We build plans to de-risk, grow and eventually exit their businesses. |
| Financial Planning for Individuals
As a Certified Financial Planner (CFP®), we believe planning should be holistic. Your plan integrates cash flow, tax, investments, retirement, education, debt, risk management, and legacy goals. |
| Annuities
We're a fee-only firm and do not directly sell annuity products to our clients. However, we help you evaluate whether annuities or the annuitization of existing investments makes sense for you and your family. |
| Wealth Management
As a Certified Financial Planner (CFP®), we believe planning should be holistic. Your plan integrates cash flow, tax, investments, retirement, education, debt, risk management, and legacy goals. |
FAQs |
Do you have a customer satisfaction or refund policy?No. However, we do not require our clients to work with us for any pre-determined amount of time. You are always free to terminate services with a reasonable notice period shown in your client agreement. |
What are your qualifications? What is your education background?Please see our bio and work experience sections of the WiserAdvisor profile. |
How are you compensated? How will I pay for your services?We are a fee-only financial planning firm. No commissions. Most of our clients compensate us based on their investment assets under management. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something?No. You would be granting my firm a limited power of attorney to manage your investment accounts on your behalf. |
How many clients do you currently manage?31 Households as of 9/30/2023 |
Disclosures |
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WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. https://www.indyfin.com/public/220851/ADV.pdf https://www.indyfin.com/public/220851/DISCLOSURE.pdf |
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Additional Detailed Disclosures |
Disclaimer |
| Krishna Wealth Planning LLC is an Investment Advisor registered with the State of Texas and in other jurisdictions where exempt from registration. Please contact us at 214-901-7526 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis. |
Registered Investment Advisor:
Yes
Registered Representative:
Yes
Investment Advisor Representative:
Yes
Acknowledged fiduciary:
Yes
Compliance Disclosures in Last 5 years:
I have a clean record
Criminal Disclosures in Last 5 years:
I have a clean record
| Mon. | 9:00 AM - 6:00 PM |
| Tue. | 9:00 AM - 6:00 PM |
| Wed. | 9:00 AM - 6:00 PM |
| Thu. | 9:00 AM - 6:00 PM |
| Fri. | 9:00 AM - 6:00 PM |
| Most of our clients reside in Texas, but we also serve clients virtually across the country |
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