Inflation 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…
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…
DetailsMeeting 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…
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…
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…
DetailsThe actions of top financial advisors are consistent. Successful advisors think of beneficial plans and stick to them. This kind of behaviour is crucial for those who want to grow their practice in a constant way. A person can become an expert at what he does, gradually with time. Consistency is the result of a…
DetailsFor every financial advisor, the first interaction with prospects is crucial because it gives him a huge chance to convert the prospect into a long-term client. Naturally, advisors would not wish to lose out on this opportunity and therefore, it is vital that they are thoroughly prepared. Few useful tips that can help financial experts…
DetailsMany financial advisors perceive prospecting as a dreaded task. Fear of rejection makes this job the least favourite. However, the truth is that allocating time for prospecting is as vital as meeting your present clients because it is the only method through which you can grow your practice. Follow these 3 easy yet effective steps…
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