Every advisor gets just a few great career-building opportunities when they can really establish themselves as experts, build long-term credibility, and differentiate themselves from the competition – most of whom are hiding from their clients because they don’t know how to guide them through the bear market. What do the real experts do when their…
DetailsPresently, the topic that is dominating every conversation today is Coronavirus and its impact on one’s health, the stock markets and wealth. Like every other time, i.e. whenever reports of any pandemic outbreak came into light, the impact is high across the financial markets, with major world indices witnessing sharp corrections in the last few…
DetailsAfter bursting on the financial services scene following the 2008 crash, distributors now face their own full-fledged market crisis. Amid the volatility and uncertainty, following are some emerging themes arising from the coronavirus’s impact which will help distributors to sail through Short-term asset allocation shift and long-term perspective Given the recent market downturn, some…
DetailsThere are some vital financial tasks which your clients must complete before March ends. Given below are the top 5 important things which must be finished before 31st March, 2020: 1. Compute earnings for the year: Many clients are unable to calculate their total income for the year correctly. Financial advisors can guide them by asking…
DetailsIn the much awaited Budget 2020 which was presented last week, Finance Minister Nirmala Sitharaman stated certain new income tax guidelines including change in tax slabs for individuals earning up to Rs 15 lakh each year. Financial advisors must explain these latest rules to their clients which will be effective from FY 2020-21. The new…
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…
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…
DetailsMarket volatility tends to frighten investors and they start having second thoughts about their investment plans. Such situations can also trigger them to take hasty decisions such as withdrawing their investments which can hamper their long-term objectives significantly. Being a financial advisor, you must explain to clients the 3 basic features of volatility so that…
DetailsFinancial advisors are aware about the impact of market volatility on their clients. However, at times even though the markets are doing well, the performance of mutual funds may not be encouraging due to various factors. Clients tend to panic in such situations and take the wrong decision. As an advisor you should discourage your…
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