The 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…
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…
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. …
DetailsFinancial independence signifies a condition where a person has adequate resources to take care of his or her expenses and realize monetary objectives as well. However, there are times when your clients might say that their salary is not sufficient to meet monthly outlays; how will they be financially self-reliant? As their financial advisor, you…
DetailsFinancial advisors educate their clients about risks associated with market volatility, interest rate and credit risk etc. But they should also keep in mind that although mutual funds are a popular investment choice, there are certain risks connected to them. As an advisor, you must alert clients about these risks. The first risk related…
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