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.
7 Lessons Financial Planners Should Learn from Milkha Singh!
Sadique Neelgund
July 30, 2013
Reading Time: 4 minutes Milkha Singh shared his true story to production team of movie and got involved in making.This movie is perfect example showcasing “Hard work, Willpower and Dedication” of common man to become a successful athlete.
Read More4 mistakes a new financial planners make and destroy their future
Manish Chauhan
Author and Founder at Jagoinvestor,com
July 3, 2013
Reading Time: 7 minutes Over the last 5 yrs , Me and Nandish have met many financial planners and have seen how they run their advisory practice. We also interact with many new financial planners who enter financial advisory profession with high dreams in their eyes. They complete their CFP and think they are here to make a killing, as advertised by Financial Planning colleges which are manufacturing CFP’s like anything.
Read MoreDownload & Checkout this Simple & Easy Do-it-Yourself Financial Planning Guide
Sadique Neelgund
June 14, 2013
Reading Time: < 1 minute Here is a very small, simple and easy to understand Do-it-Yourself Financial Planning Guide for consumers. This guide helps the investors to understand the components of financial planning with the help of basic concepts & terminology and a ready for action workings on top four goals / objectives of most individuals / families.
Read MoreExtremely Useful Application – Use an Online Password Manager!
Gajendra Kothari
MD & CEO, Etica Wealth Management Pvt Ltd
June 8, 2013
Reading Time: 3 minutes Recently I shared this fantastic application with our clients through our newsletter and I thought it will equally useful to financial planners & advisors. So here is one online application which I certainly believe will change yours and your clients experience as far as their digital life is concerned – LastPass: An Online Password Manager
Read MorePeople need to invest beyond property and gold
Dilshad Billimoria
Director Dilzer Consultants Pvt Ltd: SEBI Registered Investment Advisor
May 17, 2013
Reading Time: 3 minutes Asset allocation is the most important in a portfolio to ensure that an average return on the basket of assets has been achieved which is above inflation! Low customer awareness and lack of financial literacy is one of the biggest roadblocks of channelizing savings in mutual funds and equities.
Read MoreThey’d Rather Spend than Save, But Gen Y Is Your Future
Sadique Neelgund
May 9, 2013
Reading Time: 2 minutes While Generation Y controls a mere fraction of the country’s total net worth, its members are widely considered the future of financial planning. As a result, advisors are paying particular attention these young adults.To capture some of that growing wealth, advisors from around the country are beginning to reshape their practices to accommodate and attract this rising generation.
Read MoreFinancial Planning For The Masses Works – As Long As You Can Really Reach The Masses!
Sadique Neelgund
May 5, 2013
Reading Time: < 1 minute It has long been a criticism of financial planning that it is focused too far up the wealth scale. Financial planning firms in the US at best only start serving the “mass affluent” (typically defined as $100,000 to $1 million in investment assets), and the elite independent firms often have minimums of one or several million dollars.
Read MoreDo the current technology platforms match upto the advisor needs?
Suresh Sadagopan
CEO, Ladder7 Wealth Planners Pvt. Ltd.
April 29, 2013
Reading Time: 6 minutes Platforms and Technology is very important to doing business today. The tech providers should understand their role and assist advisors in their business, instead of thinking they are partnering with them and are business co-owners.
Read MoreHuman Resource Strategies & Challenges of Financial Planners in India
Suresh Sadagopan
CEO, Ladder7 Wealth Planners Pvt. Ltd.
March 26, 2013
Reading Time: 3 minutes India’s leading financial planners based out of Mumbai have come to form a Professional Study Group wherein they meet second Friday of every month for 3 hours. I am also part of this study group and we had our debut meeting on Friday, March 8, 2013. For the first meeting the agenda for discussion was “HR Strategies and Team Building by a Financial Planning Firm”. The knowledge, information and ideas sharing was fantastic. The willingness of senior planners to share and learn from each other was very encouraging.
Read MoreDirect Plans are not a threat to genuine Financial Planners/Advisors
Lovaii Navlakhi
Founder & CEO, International Money Matters Pvt. Ltd
March 13, 2013
Reading Time: 4 minutes Industry estimates put the difference in expenses of the two plans – direct plan and regular plan anywhere between 0.5% to 1% p.a. for equity funds, 0.1% to 0.4% p.a. for debt funds and 0.05% to 0.15% p.a. for liquid funds. Hence Direct plans are likely to give a return higher by that much year on year when compared to regular plans; and with compounding over a long period of time, this difference could be significant. So is this benefit big enough for your investor to want to forego your services?
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