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 world.

Ayodhya – the Kingdom for Bharat

Amit Trivedi
Owner, Karmayog Knowledge Academy
March 3, 2020

Fiduciary responsibility is one of the biggest responsibilities one can ever be entrusted with. You step into the shoes of the one putting this responsibility on you are expected to undertake a task/make decisions for them, in a way that their interests-financial and otherwise, are well protected. Fiduciary responsibility is the very essence of our profession. However are we really keeping our clients’ best interest before everything else? Are we honouring this job with utmost commitment and integrity? Read this piece by Mr. Amit Trivedi that draws a wonderful parallel to the role of a financial advisor and introspect- should you be proud of what you’re doing or is there still scope for improvement?

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Times of Transitions create Transformations

Lovaii Navlakhi
Founder & CEO, International Money Matters Pvt. Ltd
February 25, 2020

“Change is the only constant” is one thing we have been hearing for almost all our lives. However, just knowing this is not enough to help us steer through changing times. How we perceive changes in life(good or bad) greatly impacts how our clients do too, and we are going to handhold our clients through a lot of good, bad and sometimes heart-breaking transitions in life. Mr. Lovaii Navlakhi tells us today about how we can help ourselves and our clients deal with transitions in their life as a stepping stone to a transformed way of living.

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What is a Family Trust?

A Suresh
Executive Director, PropSevaⓇ
February 18, 2020

We have all heard about family trusts. What exactly are they and how do they work? In order to advise our clients about making use of tools like these for the protection of their assets, welfare of their family and for the purpose of estate planning, we need to understand the basics better ourselves. This week’s article by Mr. A Suresh talks about family trust and how this device helps achieve various objectives. Read on and get a step closer to the better client experience.

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XIRR v/s CAGR: Do you know the difference?

Jinay Savla
Partner, Circle Wealth Advisors
February 14, 2020

“Kitna Milega?” is one question most of us have to answer while dealing with our clients- existing or prospective. While we might explain all the various things to be kept in mind while making investments, Returns end up having Top-of-the-mind value for most investors. So, we invariably talk about returns. CAGR, XIRR, annualised returns are commonly used terminologies. However, Do we know that CAGR and XIRR, while very similar are actually different concepts? Do we know that they represent returns for different types of investment flows? And if we know that, do we still end up using them interchangeably? Let’s get back to the classroom with this quick read. Read on and then reflect on whether we have been using these terms right

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Shabari’s love and devotion

Amit Trivedi
Owner, Karmayog Knowledge Academy
February 4, 2020

The role of an advisor is tricky. We are to ensure the best interests of the client but we do not work in a vacuum. This means that we interact with clients and deal with their perception of us and our advice. A lot of times, its easy to get swayed by their behaviour, reactions and feedback. Should we then be reactive and do what makes the client happy? Or should we do what is good for the client even if it does not amuse the client? In today’s article, Mr. Amit Trivedi beautifully explains this daily dilemma that we all face with an analogy that is sure to strike a chord with us all. Read on to know how to tread this tricky path…

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Why is ethics the corner stone of financial advisory business

Jimmy Patel
MD & CEO, Quantum Asset Management Co. Pvt. Ltd.
December 24, 2019

We all know that to reach our destination of attaining professional success and to scale new heights, morality and ethics are as important as the hard work being put in, if not more. However, how often do we find ourselves or some others in our field getting lost along the way? While sometimes its a attitude change, some other times we just do not get the time to keep our actions within the lane of 100% ethical advice. This is where we need to whip out the moral compass and introspect if what we are doing is coinciding with what we want to be. This week’s piece by Jimmy A. Patel will help us remember why we are in this field and what it takes to keep walking down the correct path.

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Dematerialisation of shares: How, What, When & Why?

Neeraj Bahal
Founder, Fasttrack Financial Planners
December 10, 2019

We all have had clients that come to us with ages old crinkly share certificates that they had bought eons ago or had inherited from previous generations. This hidden “surprise treasure” forms part of almost every household. But do we always have answers to their questions concerning demat of shares? No. While a general overview is possible, we are not always equipped to handle detailed questions and then we have to find someone else to do it. Today, Neeraj Bahal deep dives into the topics and shares with us a powerful artillery of points to keep in mind when getting demat of shares done. Read through and be ready to solve your clients’demat issues.

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Learning from your enemies

Amit Trivedi
Owner, Karmayog Knowledge Academy
December 3, 2019

Today’s article by Amit Trivedi talks about humility and regard for our competitors and for the risks that we face as advisors along with the risks that our clients face. Learning from someone who you respect and and are in awe of is very easy but doing so from an adversary or competitor, especially when your ideologies/experience/scale of business do not match does not come easily to us. However, this is one of the greatest sources of learning and we cannot benefit from it unless we are humble. With some amazingly drawn parallels, this article teaches us that underestimation of the knowledge and experience of others is one of the worst mistakes one could make and it can lead to us losing out on learning some great lessons. Read on and share your experiences of learning from unexpected quarters..

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India’s Retirement Saga and the Unusual Love for Real Estate and Gold

Jinay Savla
Partner, Circle Wealth Advisors
November 29, 2019

Today’s article talks about a very deep rooted aspect of the Indian investing psychology-investing in physical assets. Over the years, the Indian investing population has been very openly affectionate towards certain classes of assets, and while that may have worked for some people in the past, changing times require a shift in the investment psyche too. Jinay Savla dives into the past that has culminated into this thought process, how it is affecting the investing present and what should be the way ahead in this interesting piece. Do share your views on this and your experiences with clients in the comments section below the article.

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What is maternity cover under health insurance?

Dhirendra Mahyavanshi
Founder, Turtlemint
November 26, 2019

As financial planners, we assert the importance of having adequate medical insurance all the time. While having a basic cover is essential, there are a lot of added benefits that health policies have now started providing which can help save a lot of money for your clients. Maternity benefits are one such type. Read on to understand how this coverage works, and advise your client in a smarter way.

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