How do financial advisors play a key role in investor’s lives

In a country like India, where majority of the population is not fully aware about the concept of financial planning, advisors play a significant role. Dearth of understanding about various investments often leads to rash decisions by investors when markets are volatile or during a crisis. Market instability is unavoidable. Investment choices made on the…

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Why clients delay investing and how to persuade them to get going

Some clients might delay investing for several reasons. As a financial advisor, it’s your duty to detect the source of their procrastination and give them a strong rationale explaining why they should begin investing at the earliest. The main priority for majority of individuals is instant satisfaction. They will prefer to spend money on things…

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What should you suggest your clients in the present volatile market scenario

The equity markets have been unstable since the last few months on account of several reasons such as economic slowdown, trade tension, global recession risk etc. This volatility has made many investors cautious as their portfolios are not producing the required returns. Financial advisors might also be receiving similar concerns from their clients about their portfolios.…

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Why it has become crucial for financial advisors to use mobile apps

According to the ‘2019 EY (Ernst & Young) Global Wealth Management Research Report’, 41% clients have a preference for mobile applications when it comes to managing their wealth. Activities such as checking accounts, performing transactions and monitoring portfolios can be quickly done with the help of mobile apps. Few years ago, EY, a renowned business…

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Why trust is a vital characteristic for an advisor to be successful

  What makes a financial advisor succeed? Majority of them will mention qualities such as intelligence, networking abilities, dedication and expertise etc. No doubt these attributes are crucial for advisors to grow their business. However, there is one key characteristic that is above everything else when it comes to being successful – trust. Any advisor-client…

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Financial planning for clients who are self-employed

Globally, India has the second largest number of freelance workers after the United States with more than 15 million individuals working on their own in diverse sectors. However, people who are self-employed are not entitled to employee benefits like the salaried workforce. Hence, financial advisors who have self-employed clients must take the following steps to…

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