Technology has largely changed the way people manage their money. They can view all their investments on their phone or start a SIP plan in few seconds. Mutual fund distributors have realized the importance of technology and its role in enhancing client experience. Here are some ways they have adopted to complement their services …
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…
DetailsTax incentives are provided by the government to individuals who invest in instruments for the long-term. Being a financial advisor, you must select the correct tax-saving option for your clients, keeping in mind whether they have just started their career, are in their 40s or retired. Here are some tips for tax planning as per…
DetailsThe 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…
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…
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…
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