Financial advisors educate their clients about risks associated with market volatility, interest rate and credit risk etc. But they should also keep in mind that although mutual funds are a popular investment choice, there are certain risks connected to them. As an advisor, you must alert clients about these risks. The first risk related…
DetailsNowadays, investors can get all the information they need whether it is about mutual funds, stocks, insurance policies etc. thanks to the Internet. However, online platforms do not gauge the person’s aims or liquidity needs. Only an advisor can understand and match client requirements to correct investments. Listed below are 4 key errors made by…
DetailsApart from love and compatibility, there are various factors taken into account to make sure weddings are perfect. If any of your clients are getting married, here are some tips you can give as an advisor so that there are no errors on the financial front 1. Create a wedding budget Help your clients make a detailed plan covering all…
DetailsIndian women no longer play the role of managing only their household. Today they are successful entrepreneurs and lead multi-national firms. Even though a booming career and a consistent flow of income are of utmost importance for females, majority of them are unable to handle their investments effectively. A large number of women delay retirement…
DetailsReferrals are crucial for financial advisors to increase their business. The value of a client acquired through recommendations is greater than a client obtained by any other way. Regardless of this, advisors feel uncomfortable asking for referrals. But, the fact is that if you know when to ask, many of your clients will happily refer…
DetailsWhen financial advisors comprehend what prompts their clients and prospects, it makes it easier for them to retain or convert them. They can begin influencing their choices and assist them in taking correct financial decisions. Therefore, it is important for you to be in their place and understand their viewpoint. Knowing their clients’ behavior will enable advisors…
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