The impact of technology has been enormous on the financial advisory business. Owing to state-of-the-art mobile applications such as OFA which comes loaded with a host of advanced features, advisors are now able to manage multiple investment portfolios with ease from any corner of the world. As a result, they can serve a larger number of clients…
DetailsExceptional client service undoubtedly plays a key role in an advisor’s practice as it helps him acquire more clients and increase asset base. Here are few significant factors when it comes to delivering top-notch client service: 1. Have an organized system in place Every financial expert should have a calendar which should have important information…
DetailsThe New Year has begun and every financial advisor’s resolution will most likely be to grow their practice. That is only possible when you are better than others. Successful financial experts don’t just excel at managing wealth; they are brilliant at handling relationships too. If you can’t build a strong bond with your clients, they…
DetailsMost of your clients will know about the significance of Systematic Investment Plans popularly known as SIPs as a tool to create wealth. However, many of them are not aware of the fact that SIPs are not a channel of investment but a method. Through SIPs, money is invested at systematic intervals in various equity…
DetailsWith inflation touching all-time highs and unforeseen costs, such as those arising due to health problems, your clients will certainly know the importance of having an emergency fund which helps them manage these expenses better without affecting their savings. It acts like a safeguard against various risks to income. In order to make sure that…
DetailsInflation rose to 4.62% in October, resulting in distress among crores of Indian savers. Inflation can be defined as a generalized rise in prices which can affect your standard your living and of course, finances. As financial advisors, you must ensure that your clients can handle inflation otherwise they might end up in a debt…
DetailsPlanning for retirement is one of the key goals of clients. They wish to have the same lifestyle after they stop working and do things that they like. In order to make sure that your clients don’t face any financial difficulties during retirement, they need adequate retirement corpus. Given below are 3 popular tools financial…
DetailsEvery financial advisor knows the significance of great communication skills to boost their business and convert prospects into long-term clients. Mentioned below are 3 vital goals that can be achieved only with the help of strong communication skills 1. Get a complete picture of prospect’s objectives Financial advisors will be able to obtain a comprehensive view…
DetailsAll financial advisors wish to be successful and acquire more clients. However, not every one of them can understand the importance of being passionate about their business. This makes it difficult for them to attain their objectives. The financial advisory business is about helping other people. It involves listening to them and guiding them through…
DetailsProspects might not understand your value or choose you as their advisor in the first meeting itself. Financial advisors should not wait for them to respond, they must always follow-up by calling them directly. Given below are some innovative approaches to follow-up with a potential client: Send a gratitude email After your meeting with a…
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