Generally, financial advisors review their clients’ investment portfolio 1-2 times in a year. April or the beginning of the new financial year is the ideal time to assess their portfolio and make any changes if required. Here are 5 things you must ask your clients to do: Submit Form 15G, 15H The TDS limit for…
DetailsEvery financial advisor is aware about the importance of asset allocation. However, it is also vital to understand that investments have to be done keeping your client’s age in mind. Listed below are some key guidelines to help advisors build the right portfolio for their clients according to their age Clients in the age…
DetailsThe difference between a successful financial advisor and an average expert is the way he manages his time. To become one of the leading advisors, you have to concentrate on activities which grow your practice. And this can only happen if you spend more time prospecting. Given below are some effective ways advisors can implement…
DetailsFinancial advisors are proficient in developing the ideal investment portfolio for their clients to help them achieve their goals. However, when it comes to financial planning for their children, they have to start telling clients to take the right steps before the baby arrives so that they have sufficient funds for all their needs. …
DetailsMarket volatility tends to frighten investors and they start having second thoughts about their investment plans. Such situations can also trigger them to take hasty decisions such as withdrawing their investments which can hamper their long-term objectives significantly. Being a financial advisor, you must explain to clients the 3 basic features of volatility so that…
DetailsFinancial advisors are aware about the impact of market volatility on their clients. However, at times even though the markets are doing well, the performance of mutual funds may not be encouraging due to various factors. Clients tend to panic in such situations and take the wrong decision. As an advisor you should discourage your…
DetailsFinancial independence signifies a condition where a person has adequate resources to take care of his or her expenses and realize monetary objectives as well. However, there are times when your clients might say that their salary is not sufficient to meet monthly outlays; how will they be financially self-reliant? As their financial advisor, you…
DetailsThe actions of top financial advisors are consistent. Successful advisors think of beneficial plans and stick to them. This kind of behaviour is crucial for those who want to grow their practice in a constant way. A person can become an expert at what he does, gradually with time. Consistency is the result of a…
DetailsFor every financial advisor, the first interaction with prospects is crucial because it gives him a huge chance to convert the prospect into a long-term client. Naturally, advisors would not wish to lose out on this opportunity and therefore, it is vital that they are thoroughly prepared. Few useful tips that can help financial experts…
DetailsWhen clients think of their investments, they have only one belief i.e. they should move in the upward direction. In case, their investments are not performing well or drop, clients feel they have suffered losses. As a financial advisor, one of your prime responsibilities is to make clients familiar with the nature of investing. Explain…
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