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.

Rays of Hope in current times

Network FP Taskforce
Taskforce
March 27, 2020

Today, the Taskforce at Network FP brings to you a little bit of hope and sunshine. Times like these, where grey clouds of uncertainty loom large and distort any vision into the upcoming future are scary. But what is scary may not always be bad. Resilience and the ability to keep going is what makes us human. Three members of our Taskforce share what these volatile times have meant for them and what it has been like swimming through these unknown waters. Read on and do share your stories of hope and inspiration with us too!

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Lead by Example, during the times of Covid-19 pandemic

Amit Trivedi
Owner, Karmayog Knowledge Academy
March 24, 2020

Leadership is a simple concept to explain but really difficult to showcase. And tough time like these just test your leadership skills all the more. However, it is times like these when the true leaders shine bright like the Sun from behind a thick layer of grey clouds. They step up, take charge, instil confidence and truly fulfill their role of “leading by example”. Today’s read is a piece written by Mr. Amit Trivedi, which is a realigned version of his piece for this year’s annual magazine. He cites beautiful examples of some of the true leaders of the corporate world, and shows us a ray of hope- makes us believe that through small steps, we too, can make difference and lead an inspiring life that touches the lives of many others who may not be a in a position to help themselves. Let us maintain positivity, optimism and strong resolve to take care of those that are dependent on us to lead the way…

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What is your business’ TINA factor?

Sanjeev Govila
CEO, HFI Wealth Creators Pvt Ltd
March 17, 2020

Vision, brand image and confidence in your business model are the founding elements of a successful practice. Setting up a practice is one thing and running it sustainably, protecting it from potential threats, maintaining a loyal client base and meaningfully contributing to their lives is another. Today, Col. Sanjeev Govila talks to us about setting the foundation of your business right, choosing your target market, developing your skill sets to cater to them and providing service that makes them your clients for life. Create a niche for yourself and your practice, one that cannot be threatened by competition, economic changes, or any other factors-simply because there is no alternative to you!

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Hey IFAs, Do we really understand our business ?

Gajendra Kothari
MD & CEO, Etica Wealth Management Pvt Ltd
March 13, 2020

Turbulent times like these test a lot of things. Our knowledge, belief systems, resilience and the worth of our words. In a moment where we all are talking to our clients about long-term and goal based investing, today’s article digs a little deeper into this thought. Mr. Gajendra Kothari talks to us about truly imbibing the “long-term” principle in our business. Read on to see whether we need introspection into what our business vision is and whether we need to realign our thoughts with action

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Key Learnings from Network FP’s Annual Conference

Rohit Bornarkar
Founder & Chief Financial Planner, Arthapurna Solutions
March 4, 2020

Very often, we attend events, seminars, conferences that have a huge impact on us. We come back home with a refreshed way of looking at things and with a new resolve to make breakthroughs in our life via what influenced us at such sessions. But, don’t we often find ourselves lost in our daily routine and work much too soon? The inspiration and the ideas that inspired us so much seep through our daily schedules and take a backseat. It is hence important to be reminded of some key learnings from such sessions to help us align them with our daily life and help us scale new heights. Today, we have one of our pro-members Mr. Rohit Bornarkar graciously share with us a very crisp summary of his learnings from Network FP’s National Conference 2020 with valuable inputs from our Co-Chair for this yea Col. Sanjeev Govila. Read on and relive the memories and learnings from the Conference Day!

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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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