Meeting a client for the first time offers advisors the opportunity to develop a strong bond needed to form a long-term association. Any mistake committed in this interaction can turn things in the wrong way. Here are the 4 top common mistakes a financial advisor should avoid in the first client meeting: 1. Using too…
DetailsAs per a recent report by Deloitte India, millennials are the main breadwinners in India with approximately 47% share in the working age population. Falling in the age group of 18-35 years, millennials are the biggest demographic class in India and have high amounts of disposable income. Tapping this segment can help advisors to grow…
DetailsThe main idea behind diversification is to incorporate different investments whose earnings don’t progress together with varied market situations in order to ensure that a fall in the revenues from one category of assets is guarded by an increase in another, thus reducing the impact on the portfolio returns as a whole. As diversification is…
DetailsThe word ‘DINK’ which stands for Double Income No Kids has become common in India. Typically, it refers to couples who have high income and no kids. These individuals have an advantage over other couples with children since their savings are quite high. However, there can be certain hitches if they don’t handle their finances…
DetailsWhen financial advisors do financial planning for their clients for the new FY, they must take into consideration all the modifications related to tax management and personal finance. Here are 5 prime changes Rise in TDS limit Previously, if interest earned on recurring deposits and fixed deposits was more than Rs.10,000 per year, banks would…
DetailsDifferent asset classes go in various directions over a time period. Market conditions have an effect on asset allocation. When markets pick up, investors increase their equity allocation or reduce it when markets correct. This can change the asset allocation and moreover, affect the returns. Therefore, it is vital for financial advisors to rebalance their…
DetailsGenerally, 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. …
DetailsYour details have been submitted succesfully!