Network FP Thinktank is an Online Professional Journal by Network FP wherein we share the articles written by top-class financial advisors and industry thought leaders from across India and the world.
Are you on the right direction?
Sadique Neelgund
November 4, 2014
Reading Time: 10 minutes Many financial planners & advisors from across the country contact us simply to get an insight to their question “Am I on the right direction?” with regards to their financial advisory practice. With SEBI advisor regulations, technology advances, new financial products, market volatility, shrinking commissions, new advisory models emerging this kind of a fundamental question is obvious. Environment is changing too faster than an independent advisor can handle.
After a long time I actually sat down to write an article to address this question. And it has ran into around 3000 words! …which is too much according to me. But seriously I am not able to cut it short. Do read it at your leisure and if this question troubles you now and then. Or at least start with reading the sub-headings!
Read MoreThe Why, How & What of ‘Institutionalization of Advisory Practice’
Sadique Neelgund
September 17, 2014
Reading Time: 7 minutes Trust is a fundamental trait that forms the relationship between a Financail Advisor and a client. Since traits like Value, Confidence and Trust are intangible and as the moment of truth is possibly years later, how can a financial advisor inspire the client today? Faizal Baig, Managing Director at Pulse Labs Research & Technology Solutions Pvt Ltd suggests that Institutionalization of Advisory Practice is one way to bring clarity to your thoughts, direction, focus and efforts. This will help to get the clients feel the same way about our offerings.
In this article, Faizal gives number of examples and advises on revenue model & value proposition aspects and why, how and what of the process elements that an advisor should focus on.
Read MoreStars are not Born (Including Star Fund Managers)
Sadique Neelgund
September 11, 2014
Reading Time: 4 minutes Sandip Sabaharwal gives various examples to explain how star performers who achieve something, create an impact for their organization and are always watched, The organizations will have dependency on them. They may have low cycles of performance but they eventually bounce back.
Sandip identifies 7 tips to be a star in any industry. Thinking process, personality, skill set, ability to look in to the future, innovation, ability to bounce back and perseverance are the differentiators, he suggests.
Read MoreGamification of Investor Education – Chanakya’s Chakkravyuh
Sadique Neelgund
Reading Time: 4 minutes With information overdoes everywhere, we need to find newer ways to communicate our messages to spread financial literacy. Using Pictures, Stories and playing Games help us to effectively communicate using few words.
In this article, Ruchik Chauhan introduces Chanakya’s Chakkravyuh games and identifies number of advantages of using such a game to engage clients. Interested? Read On….
Read More7 Avenues to Build a Solid Content Strategy & How it Helps Advisors?
Sadique Neelgund
August 26, 2014
Reading Time: 6 minutes In the digital world, they say, content is king ! There are several ways you can can build personal finance contents and there are many benefits to it. This can show your thought leadership, help to acquire new clients, get you media opportunities and help to retain existing clients.
Smitha Hari, Blog Editor and Rohit Shah, Founder at Getting You Rich shares several useful tips in this article. They argue that this can be a game changer and bring in significant results.
Do you like this idea? What’s your content strategy? Please add your comments in the article page.
Read MoreGolden Rules & Mantras for those Trying to Ride the Stock Market
Sadique Neelgund
August 4, 2014
Reading Time: 5 minutes Stock Markets have rallied in the hope of economic revival & everyone is taking about a long and successful bull run. Siddharth Doshi, CEO at Moneycare wonders if the GDP can grow at 8% p.a. within next 2-3 years and will the investment cycle pick up? He observes that Mid & Small size stocks can give huge returns but the investors don’t understand the risk.
Read More3 Innovative Business Models achieving Financial Inclusion
Sadique Neelgund
July 30, 2014
Reading Time: 3 minutes Financial inclusion is absolutely necessary for the development of the economy at all levels. In spite of various schemes by the Government, a lot still needs to be done to plug the gap. Three initiatives in the country – Bangalore based Rang De, Delhi based Sanchayan Suraksha and Chennai based IFMR Trust work on innovative models to move closer to achieving financial inclusion. Smitha Hari, Blog Editor at Getting You Rich shares the details of these initiatives.
Read More5 Changing Trends in Financial Advisory that will Impact You
Sadique Neelgund
May 6, 2014
Reading Time: 3 minutes The financial advisory business is expected to witness changes in the days to come on various counts. Clients are expected to give more importance to unbiased advice compared to advisers who work solely on commissions earned from products sold. Specialised service, client focus, certifications and client confidentiality are some other aspects on which both clients and the regulator are likely to stress on.
Read MoreDo you want to write a will? Here are my tips for you
Sadique Neelgund
April 15, 2014
Reading Time: 4 minutes For financial planners, It is not very difficult to write a clear and effective will. One should keep some simple things in mind and preferably take help of an expert. While writing the will, one should maintain simplicity and clarity of the language to avoid any kind of confusions after death.
Read MoreHow Hindu Succession Law Applies When a Person Dies Without Will?
Sadique Neelgund
March 19, 2014
Reading Time: 3 minutes Succession Planning & Will Writing is a very important aspect of overall financial planning. This Article discussed along with a clear chart as to How Hindu Succession Law Applies When a Person of Hindu Origin Dies Without a Valid Will?
Read More