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Excitons in parabolically confined planar quantum dots with a transverse magnetic field have been studied in various model systems. The correlations between e–h, e–e, and h–h have been incorporated in terms of exact, simply elegant, and absolutely terminating finite summed Lauricella functions which eliminate the secular divergence problem and pave way for a comprehensive understanding of certain exotic phenomena of various two-dimensional regular and irregular quantum dots. A simple yet highly accurate and exact variational wave function in terms of Whittaker- M function extensible to multiexcitonic systems has been propounded. We have also presented a formulation extending the size of the systems to triexcitonic (e–e–h/e–h–h), biexcitonic (e–h–e–h), and multiexcitonic (“N” e–h pair) planar dots by mono-, di-, quadru-, and octopole expansions. As a benchmark, we have examined the energy spectra, level-spacing statistics, heat capacities ( C v at 1 K), and magnetization ( T ≈ 0–1 K) of He/SiO 2 /BN/GaAs model systems for different lateral confinements, magnetic fields, mass ratios of e–h, and dielectric constants (ϵ).