ThinkTank - Network FP - Page 36

Network FP Thinktank

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 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?

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Running Your Financial Planning Practice Like a Business

Lisa Kirchenbauer
February 22, 2012

Reading Time: 5 minutes If you want to be a successful financial planner, you have to run successfully your financial planning business too. It’s not enough to be good at the work you deliver i.e. making plans & advising clients ; you have to know how to deliver it through a business, whether that business is just you or a team of 25 people. Just as you had to learn financial planning skills, for most of us, running a business requires some education and training.

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Does Financial Planning Software Improve or Destroy Productivity?

Michael Kitces
Head of Planning Strategy, Buckingham Wealth Partners
February 9, 2012

Reading Time: 5 minutes The financial planning planning process drags out, taking hours and hours to create a plan and many weeks to deliver the recommendations to clients. But when did the complexity of financial planning software begin to drive the planning process, instead of being a tool to expedite it? Has our financial planning software become the enemy that’s ruining our productivity, instead of improving it?… by Michael Kitces

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Use 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.

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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.

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One-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!

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What 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…

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In 2012 – Let’s make change work in our favour!

Suresh Sadagopan
CEO, Ladder7 Wealth Planners Pvt. Ltd.
January 10, 2012

Reading Time: 4 minutes Every now and then SEBI keeps changing regulations that affects advisory business. But these are to be seen as minor irritants and one needs to see how it can be surmounted. There seems to be options available… the situation is not all that bleak. Change is constant. We may like it or hate it. But, change is relentless. It is better to embrace change than to fight it. Let’s resolve in 2012 to make change work in our favour!

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Together, 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.

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Download 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”.

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