Prolific Solutions offers a variety of advisory services, which include financial planning, consulting, and
investment management services. Prior to Prolific Solutions rendering any of the foregoing advisory
services, clients are required to enter into one or more written agreements with Prolific Solutions setting
forth the relevant terms and conditions of the advisory relationship (the “Advisory Agreement”).
Prolific Solutions filed for registration as an investment adviser in July 2022 and is owned by Rakesh
Budhram as of October 2022. As of February 27, 2024, Prolific Solutions had $65,508,315 assets under
management; all of which were managed on a discretionary basis.
While this brochure generally describes the business of Prolific Solutions, certain sections also discuss the
activities of its Supervised Persons, which refer to the Firm’s officers, partners, directors (or other persons
occupying a similar status or performing similar functions), employees or other persons who provide
investment advice on Prolific Solutions’s behalf and are subject to the Firm’s supervision or control.
Financial Planning and Consulting Services
Prolific Solutions offers clients a broad range of financial planning and consulting services, which include
any or all of the following functions:
• Business Planning
• Cash Flow Forecasting
•
Trust and Estate Planning
• Financial Reporting
• Investment Consulting
•
Insurance Planning
• Retirement Planning
• Risk Management
•
Charitable Giving
• Distribution Planning
• Tax Planning
•
Education Planning
While each of these services is available on a stand-alone basis, certain of them can also be rendered in
conjunction with investment portfolio management as part of a comprehensive wealth management
engagement (described in more detail below).
In performing these services, Prolific Solutions is not required to verify any information received from the
client or from the client’s other professionals (e.g., attorneys, accountants, etc.,) and is expressly authorized
to rely on such information. Prolific Solutions recommends certain clients engage the Firm for additional
related services, its Supervised Persons in their individual capacities as insurance agents and/or other
professionals to implement its recommendations. Clients are advised that a conflict of interest exists for
the Firm to recommend that clients engage Prolific Solutions or its affiliates to provide (or continue to
provide) additional services for compensation, including investment management services. Clients retain
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absolute discretion over all decisions regarding implementation and are under no obligation to act upon any
of the recommendations made by Prolific Solutions under a financial planning or consulting engagement.
Clients are advised that it remains their responsibility to promptly notify the Firm of any change in their
financial situation or investment objectives for the purpose of reviewing, evaluating or revising Prolific
Solutions’s recommendations and/or services.
Wealth Management Services
Prolific Solutions provides certain clients with wealth management services which include a broad range
of financial planning and consulting services as well as discretionary management of investment portfolios.
Prolific Solutions primarily allocates client assets among various independent investment managers
(“Independent Managers”) in accordance with their stated investment objectives. The Firm can also
allocate client assets in mutual funds or exchange-traded funds (“ETFs”) in certain circumstances.
Where appropriate, the Firm also provides advice about any type of legacy position or other investment
held in client portfolios, but clients should not assume that these assets are being continuously monitored
or otherwise advised on by the Firm unless specifically agreed upon. Clients can engage Prolific Solutions
to manage and/or advise on certain investment products that are not maintained at their primary custodian,
such as variable life insurance and annuity contracts and assets held in employer sponsored retirement plans
and qualified tuition plans (i.e., 529 plans). In these situations,
Prolific Solutions directs or recommends
the allocation of client assets among the various investment options available with the product. These assets
are generally maintained at the underwriting insurance company or the custodian designated by the
product’s provider.
Prolific Solutions tailors its advisory services to meet the needs of its individual clients and seeks to ensure,
on a continuous basis, that client portfolios are managed in a manner consistent with those needs and
objectives. Prolific Solutions consults with clients on an initial and ongoing basis to assess their specific
risk tolerance, time horizon, liquidity constraints and other related factors relevant to the management of
their portfolios. Clients are advised to promptly notify Prolific Solutions if there are changes in their
financial situation or if they wish to place any limitations on the management of their portfolios. Clients
can impose reasonable restrictions or mandates on the management of their accounts if Prolific Solutions
determines, in its sole discretion, the conditions would not materially impact the performance of a
management strategy or prove overly burdensome to the Firm’s management efforts.
Retirement Plan Consulting Services
Prolific Solutions provides various consulting services to qualified employee benefit plans and their
fiduciaries. This suite of institutional services is designed to assist plan sponsors in structuring, managing
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and optimizing their corporate retirement plans. Each engagement is individually negotiated and
customized, and includes any or all of the following services:
• Plan Design and Strategy
• Plan Review and Evaluation
•
Executive Planning & Benefits
• Investment Selection
• Plan Fee and Cost Analysis
• Plan Committee Consultation
•
Fiduciary and Compliance
• Participant Education
As disclosed in the Advisory Agreement, certain of the foregoing services are provided by Prolific Solutions
as a fiduciary under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). In
accordance with ERISA Section 408(b)(2), each plan sponsor is provided with a written description of
Prolific Solutions’s fiduciary status, the specific services to be rendered and all direct and indirect
compensation the Firm reasonably expects under the engagement.
Use of Independent Managers
As mentioned above, Prolific Solutions selects certain Independent Managers to actively manage a portion
of its clients’ assets. The specific terms and conditions under which a client engages an Independent
Manager are set forth in a separate written agreement with the designated Independent Manager. That
agreement can be between the Firm and the Independent Manager (often called a subadvisor) or the client
and the Independent Manager (sometimes called a separate account manager). In addition to this brochure,
clients will typically also receive the written disclosure documents of the respective Independent Managers
engaged to manage their assets.
Prolific Solutions evaluates a variety of information about Independent Managers, which includes the
Independent Managers’ public disclosure documents, materials supplied by the Independent Managers
themselves and other third-party analyses it believes are reputable. To the extent possible, the Firm seeks
to assess the Independent Managers’ investment strategies, past performance and risk results in relation to
its clients’ individual portfolio allocations and risk exposure. Prolific Solutions also takes into
consideration each Independent Manager’s management style, returns, reputation, financial strength,
reporting, pricing and research capabilities, among other factors.
Prolific Solutions continues to provide services relative to the discretionary selection of the Independent
Managers. On an ongoing basis, the Firm monitors the performance of those accounts being managed by
Independent Managers. Prolific Solutions seeks to ensure the Independent Managers’ strategies and target
allocations remain aligned with its clients’ investment objectives and overall best interests.
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