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.
Job 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 MoreTechnology will improve planning process, but can never replace Financial Planners!
Michael Kitces
Head of Planning Strategy, Buckingham Wealth Partners
June 18, 2012
Reading Time: 7 minutes In past few years… there have been many websites, technology platforms and softwares which are promising investors (who are our clients and prospects) to help them manage their money on their own and generate & monitor their own financial plans. Will this mean the financial planners will be replaced by technology solutions as and how they get more advanced and clients become accustomed to these solutions?
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 MoreBest One-liners from Network FP’s Successful FP Campaign
Suresh Sadagopan
CEO, Ladder7 Wealth Planners Pvt. Ltd.
June 11, 2012
Reading Time: 4 minutes Network FP organized workshops on “The Making of a Successful Financial Planner” by India’s top financial planners held across the country in 6 cities in the month of April. Throughout the campaign Sadique Neelgund was giving live updates to the rest of the financial planners in the country by tweeting their best one liners. I have tried to compile his tweets on quotes by these top five financial planners on this one page here. If you have missed them, you should read to benefit from what the best and greatest financial planners of India think about this profession.
Read More10 Ways to Acquire Clients & Grow Your Financial Planning Practice
Nandish Desai
Partner-jagoinvestor.com
June 7, 2012
Reading Time: 5 minutes Financial Planning is not a traditional service or goods and it can’t be marketed using traditional methods. This business has its own dynamics and it is really very important to try new ways with different clients. Nandish Desai, Financial Coach at Jagoinvestor.org has successfully established financial coaching business. In this article he shares his experience of how to deal with prospects to convert them as clients and grow your financial planning practice.
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 MoreIn future, the best firms won’t find new clients; the new clients will find them!
Michael Kitces
Head of Planning Strategy, Buckingham Wealth Partners
May 21, 2012
Reading Time: 5 minutes As the financial planning world continues its journey into the digital age, marketing and growing a financial planning practice faces new challenges. Some firms suffer as traditional methods no longer work the way they once did, while others struggle to implement new strategies like blogging and social media without any clear strategy or understanding of how to do it successfully. In this scenario how to capitalize on the world of the future where you don’t find the clients, but the clients find you.
Read MoreThe seven stages of money maturity…At which stage are you & your clients?
Kiran Telang
May 17, 2012
Reading Time: 4 minutes George Kinder’s idea behind the book “Seven Stage of Money Maturity” is that people need to understand their relationship with money to be at peace. In his words ‘Money can be seen as the place where our internal selves engage the external world. If either side-internal or external, self or money is slighted, the whole life suffers’. The author has extensively used literature, Buddhism and the concept of Chakras in developing the seven stages of money maturity. So what exactly are these seven stages? And what stage do you and your clients fall in?
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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