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.
ORGANIZE – either make your clients do it or offer it as a service!
Sadique Neelgund
August 17, 2012
Reading Time: 4 minutes We came across this nicely compiled list/article in a leading newspaper and thought of sharing it with you. Most of the clients are bad with organizing financial documents and securing them. This is either because they find it boring or don’t understand these documents or simply by human nature, they procrastinate.
Read MoreFinally regulations are coming! Now let’s get ready without wasting time…
Sadique Neelgund
Reading Time: 4 minutes SEBI has issued a circular yesterday with respect to measures its taking to revive mutual fund industry and introducing regulations for investment advisors. Here is the gist of what SEBI is trying to say and how we as financial planners should get ready for the new regulatory environment. I would like to thank Lovaii Navlakhi, MD, International Money Matter, Bangalore for offering his insights on the circular.
Read MoreMerging or Partnering with a Fellow Planner is all about Commitment!
Sadique Neelgund
July 20, 2012
Reading Time: 5 minutes Since 2002 when I merged my practice with another 2 financial planners, I have been asked to speak or write about small practice mergers and management to planner groups around the world. My colleagues want to learn, not only about the search but also how we got the deal done, how we operate, how we get paid, what may lie ahead, and a host of other topics. I am thrilled to be asked to contribute to a few thoughts to my friends in India.
Read MoreIdeal Revenue Stream For Financial Planners Which Suits Clients As Well!
Sadique Neelgund
July 16, 2012
Reading Time: 5 minutes The financial planning profession is so exciting that I have found people jump into it without thinking twice. The perception of importance and respect associated with a financial planner vis-à-vis an agent selling financial products is so much that it is very easy to transform oneself mentally into this new avatar, in many cases, without properly internalizing the income potential additional responsibilities that naturally come to a financial planner.
Read MoreApplication of Financial Life Planning in Practice: A Personal Experience
Sadique Neelgund
July 4, 2012
Reading Time: 3 minutes Partha Iyengar, Founder of Accretus Solutions shares his experience of implementing Financial Life Planning Concept using Money Quotient Tools. He says “Since I embraced the practice of financial life planning, life has been truly rewarding for me and my clients”
Read MoreJob to Practice – Part II: Myths about setting up your own practice
Sadique Neelgund
June 22, 2012
Reading Time: 4 minutes After an inspiring post on “Kick your corporate job and start your advisory practice?” Vishal Dhawan, Founder & Director, Plan Ahead Wealth Advisors shares some of common myths that aspiring entrepreneurs have about setting up advisory practice. If you are holding any of these myths… you should re-think about setting up your own practice. Or overcome them and take a jump!
Read MorePass on to Clients – Letter from a Widow who is a Chartered Accountant
Sadique Neelgund
June 15, 2012
Reading Time: 5 minutes This a must read letter for you and your clients. I have not seen a better way to explain need for inculcating financial discipline and having an estate plan in place. Do read… see where you stand yourself as a financial advisor and then pass it on to your clients and prospects…
Read MoreKick your corporate job and start your advisory practice!
Sadique Neelgund
June 5, 2012
Reading Time: 3 minutes Many of the employed financial professionals working in banks, distribution houses, stock broking firms, insurance companies, in accounts department of corporate firms are showing a desire to start on their own. This is either because they are bored with mundane corporate job, a job that forces you to mis-sell to your clients or simply because of your entrepreneruail spirit.
Read More3 Questions that make financial planning meaningful – Answer them now!
Sadique Neelgund
May 28, 2012
Reading Time: 3 minutes Last year at FPA Annual Conference in San Diego we were exposed to Financial Life Planning. We had organized for the Indian Delegation a Life Planning workshop by Lisa Kichenbauer, a Registered Life Planner (RLP) and Financial Planning practitioner. During the course of workshop… she gave us a simple assignment which Life Planners ask their clients to dig out the underlying values, deeper emotions and aspirations of their life.
Read More3 Secrets Your Financial Planning Clients Will Never Tell You
Sadique Neelgund
May 13, 2012
Reading Time: 3 minutes Have you ever realized why your clients are not completely satisfied with you, and are always on a lookout for some other advisor who can bring their financial lives to order better than you? Well, the answer to this lies with your clients itself – in the secrets that they don’t reveal to you. And what are those secrets?
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