FAQ

What exactly is SevenProsper?

SevenProsper is your Personal Financial Adviser. We tell you exactly where to invest, how much to invest and when to invest to achieve your financial goals. We also advise on your insurance and loan requirements. The financial advisory service is driven by our intelligent algorithms - the Robo Adviser, which is not only affordable, but incomparable to to any human adviser.

Is SevenProsper registered with any regulatory body?

Yes, SevenProsper is registered with Securities and Exchange Board of India as an ‘Investment Adviser’ firm as 'Seven Prosper Financial Planners' with registration number as INA000005622.

Is SevenProsper a stock broker?

No.

Is SevenProsper a mutual fund distributor?

No.

Is SevenProsper an insurance agent?

No.

How is SevenProsper different from other online personal finance companies?

SevenProsper is doctor for your financial health, while most of the other companies are chemist shops selling your different financial products. Legally, unlike most of the companies, SevenProsper is not a mutual fund distributor, neither a stock broker nor an insurance agent. Interest of all these types of companies lies in selling you the schemes which earns them more commission. SevenProsper is a registered Investment Adviser, where its our duty to act in your best interest and give you the right advice. We do not sell any products, hence there is no conflict of interest.

How can we contact you?

Please write to us at support@sevenprosper.com.

How do you make money?

We charge you yearly subscription fees for the advisory services provided.

Are there any hidden charges?

No. Absolutely no other charges. We earn only what we get directly from you.

How is your Robo Advisor different from other Robo Advisors?

Our Robo Advisor is a financial planner in its truest form, which is designed to follow the five crucial steps of personal financial planning as described here. Most of the platforms which claim to be a ‘Robo Adviser’ are fundamentally a broker, distributor or agent providing basic recommendations on product they sell.

How is your Robo Advisor better than a human advisor?

Being a software driven adviser, our algorithm is capable of analyzing tens of thousands of schemes available in the market and prepare a personalized portfolio for you. Analyzing these many schemes is beyond human capabilities. Further, process of financial planning process is a very tedious process which involves significant efforts from a human due to which human advisers are bound to charge a very high amount for their services. Since there is no human intervention in our Robo Adviser, we are able to offer services better than a human financial planner at much cheaper cost.

Is the advice given by your Robo Adviser guaranteed to perform as expected?

Just like any other thing in life, nothing in certain in financial markets too. We apply the best possible techniques to recommend you a portfolio so that you achieve your financial goals. But, markets might change drastically over the years and your investments might not perform as expected initially. We minimize that risk by regularly rebalancing your portfolio.

Why do you charge money for advisory when most of the other companies advise for free?

We do not make any money from selling you any product. The companies which provide advice for free make commissions on products sold to you.

What are the different plans available?

Please refer to pricing section for different subscription plans available: https://www.sevenprosper.com/#pricing.

What is the recommended plan?

We recommend you to subscribe for multiple years as yearly rebalancing is an integral part of financial planning.