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.
Chartered Accountants are not Financial Planners – Tell your clients/prospects
Sadique Neelgund
March 21, 2012
Reading Time: 4 minutes Many investors have the habit of approaching their Chartered Accountants (CA) for every financial decision including investments. But is a Chartered Accountant so efficient that he can advice on all investments and other personal finance matters? Or is it better to talk to a Certified Financial Planner (CFP)?
Read MoreAre Financial Planners in India shooting at each others feet?
Sadique Neelgund
March 12, 2012
Reading Time: 3 minutes Financial Plans are now being offered at as low as Rs. 2,500 by some and below Rs. 15,000 by many Financial Planners in India . In an attempt to overdo each other and get customers quickly, have we brought down our own earnings. In a sense, we have set the expectations for the average investor that the cost of a financial plan is inexpensive, if not cheap. But in this war, where are we headed?
Read MoreUse this free tool for sending great email newsletters to your clients
Sadique Neelgund
January 20, 2012
Reading Time: 2 minutes Network FP has been using Mailchimp application for sending out emails to its members. We think Mailchimp is one of the best emailing solutions available on internet. The beauty of Mailchimp is – its very easy to use, has great designs, powerful report generation and fantastic delivery record. And of course it’s is free!
We would encourage Financial Planners to use such a mailing solution to send professional looking newsletters & updates to their clients/prospects on a regular basis. (Instead of plain old mailing with bcc and cc). Check out some details and resources on how to use Mailchimp effectively.
Tech tools to increase your efficiency in advisory process
Sadique Neelgund
January 19, 2012
Reading Time: 4 minutes In the financial service world, there are numerous examples of gadgets that may be used by financial advisors. From desktop tools to software to peripheral equipment, there are a variety of such items from which advisors can choose. The challenge is finding those tools that can actually improve the efficiency of the financial advisor instead of creating an unnecessary distraction.
Read MoreOne-Page Business Plan of a Fee-only Financial Planner in US
Sadique Neelgund
January 17, 2012
Reading Time: 3 minutes Here is a One Page Business Plan of a Fee-only Financial Planner – Mr. Jim Freeman, Founder, Financial Alternatives based in San Diego, USA. It is good if a Financial Planner/firm develops a crisp and clear business plan which will guide him/her towards establishing a successful practice or take it to the next level. Take a look and get inspired!
Read MoreWhat is the proof that you have given “The Right Advice”?
Sadique Neelgund
January 16, 2012
Reading Time: 3 minutes Financial Planners should serve their clients while protecting themselves. This can be done by rigorously seeking to develop & apply five proofs to their client advisory process. What is clear from both recent regulatory reforms and best practice discussions is that the client’s informed consent to the risk in their financial plan is of critical importance. Many financial advising practices fail to help investors appropriately understand financial risk. In essence they do not meaningfully establish investors’ investment expectations…
Read MoreTogether, Let’s Make it Happen! – Welcome Address at Annual Conference 2011
Sadique Neelgund
October 21, 2011
Reading Time: 5 minutes For those who missed attending the Network FP Annual Conference 2011 held in Mumbai on October 19, 2011, kindly findthe text of welcome address given by Sadique Neelgund, Founder, Network FP.
Read MoreDownload Presentation – Untapped Opportunities for IFAs in Financial Planning
Sadique Neelgund
Reading Time: < 1 minute Here is the presentation on “Untapped Opportunities for IFAs in Financial Planning” given by Sadique Neelgund, Founder, Network FP at IFA Galaxy Knowledge Summit 2012 held in Chennai on October 14, 2011. The presentation makes a strong case for choosing to becoming an advisor and offer financial planning services in the new environment where the regulator is trying to distinguish between an “advisor” and an “agent”.
Read MoreCollective Response from Financial Planners to SEBI’s Concept Paper
Sadique Neelgund
October 5, 2011
Reading Time: 4 minutes Dear Members Below is the first draft of letter which Network FP on behalf of the Financial Planning Community proposes to send to SEBI in response to its SEBI’s Concept Paper on Regulation of Investment Advisors The response and the thoughts captured are based on initial feedbacks from some practicing and aspiring financial planners on our […]
Read MoreHello Planner! Do YOU have a Written Financial Plan?
Sadique Neelgund
August 26, 2011
Reading Time: 6 minutes As a financial planner, it is very important to have our own financial plans in place that too in black & white and preferably prepared by another professional. We should go through this process before venturing out to plan financial lives of clients or preaching the benefits of planning to others.
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