If a financial consultant wants to retain his clients, he has to work sincerely to maintain the trust and strengthen the relationship in the long term. Never commit any of these mistakes, or you could end up being replaced: 1. Not offering top-class service The key factor that makes a financial consultant stand out from…
DetailsIt is not easy to get referrals, and it is certainly tougher to convert a prospect into a client. Once the client comes on board, financial advisors must make an effort to turn them into loyal clients. Here are some useful tips to develop a trustworthy relationship between advisors and new clients: 1. Offer a…
DetailsMutual fund investors prefer ELSS (Equity Linked Saving Schemes) since it is an ideal tax-saving product. Individuals who invest in ELSS can claim deduction of up to Rs 1.5 lakh in a financial year under Section 80C. In Budget 2020, the Finance Minister proposed a new tax system which makes it voluntary for taxpayers to…
DetailsSelecting a financial expert is a huge decision for any prospect. To determine whether you are the ideal advisor for them, they will certainly have some questions in mind before they give you the nod. Listed below are the top 3 questions you are likely to be asked: 1. Why should I choose you as…
DetailsIn the much awaited Budget 2020 which was presented last week, Finance Minister Nirmala Sitharaman stated certain new income tax guidelines including change in tax slabs for individuals earning up to Rs 15 lakh each year. Financial advisors must explain these latest rules to their clients which will be effective from FY 2020-21. The new…
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