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.

AMFI Due Diligence Process for MFDs – A Complete Guide

Sujata Kabraji
Independant Financial Advisor
November 22, 2019

Today’s topic is about something we dread but cannot avoid- AMFI Due diligence and compliance! If the thought of this exercise gives you he chills, you have come to the correct place. Sujata Kabraji demystifies this process for us and walks us through the formalities involved in completing due diligence and ensuring a smooth audit process for financial advisors. She takes us through the various sections involved and breaks them down to a level where it does not appear like a regulatory demon staring us in the face. Infact, according to her, this process helps in improving efficiency of the business. Want to know how? Read on

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What is the Directors’ & Officers’ (D&O) Liability Insurance?

Vineet Kamra
Senior Vice President, India Insure
November 19, 2019

Personal financial advisory often spills over to other aspects of our clients’ lives. We sometimes find ourselves in discussions concerning our clients’ work and business as well. Since we deal with a lot of people from different backgrounds and are exposed to a whole range of problems faced by people, we are in a better position to give perspective and guidance to our clients even in matters that need not be our specialty. Today, Mr.Vineet walks us through the Directors’ & Officers’ Liability Insurance cover so that we are in a better position to show this option to our entrepreneurial clients. Small and mid sized businesses often do not have the time and resources to seek professional help for issues like protection against claims from stakeholders against managerial staff, officers and actions. It is here that you can step in and ensure your client has in place a good risk management system by using this product. Read on and share your stories with us too.

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The Present is the Future of the Past

Morgan Housel
Partner, The Collaborative Fund
November 15, 2019

While talking about a lot of things, we talk about not getting lost in the details and focusing on the bigger picture. For example, the market climbs 500 points in a day, and we try to shift focus from the short term euphoria to the actual events/sentiments that triggered this spike. No imagine that these actual events are in fact the smaller details of an even bigger picture. A picture to see which we need a fundamental step back in our thinking. Our team stumbled across a wonderful piece by Morgan Housel that talks about what caused these events that in turn cause changes in our society and economy and shape it. What are the super-macro factors that make the world that we live in today, what it is. While this is not a hardcore finance article, it is sure to open up our minds and encourage a more analytical way of thinking and reasoning. Read on this abridged piece and if you do find it engrossing, view the original article through the link at the end of this post.

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Ethical Investing Opportunities in India

M S Shabbir
Managing Director, SenSage Financial Services Pvt Ltd
November 8, 2019

Ethics and morality are part of almost every faith and is elucidated through various practices, traditions, scriptures, beliefs,etc. This week Mr. M.S. Shabbir walks us through the world of ethical investing and explains to us the basics of the rationale behind this thought and also explains how we can help clients follow through with this and make good returns through a healthy portfolio. This is a very niche concept that will help you to expand your base of expertise and serve clients with ethical investing needs in a sensitised manner.

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Planning for Education abroad in 2020: A new perspective

Prashant Ajmera
Immigration Lawyer, Ajmera Law
November 5, 2019

This month, we are trying to create more awareness and expand the knowledge base in the field of planning for and advising NRI clients. This week’s article by Mr. Prashant Ajmera is on a topic that we often counter, but seldom consider as an investing or advising opportunity. Migrate from the home country is on high priority for a lot of our clients. How many of us have actually advised out clients on how to go about this in unconventional ways? Read on to open up new horizons in advising such clients

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Sarathi – The Financial Advisor

Amit Trivedi
Owner, Karmayog Knowledge Academy
November 1, 2019

We often try and explain the role of an advisor in the financial affairs of a client. This is sometimes a genuine effort to educate the client while some other times just a sales pitch. While both situations have their own side of justification, how many of us actually understand the actual onus that we, as financial advisors have towards helping our clients work through tricky decision making and choices? Do we truly understand the meaning of hand-holding a client through their life stages? This week’s profound piece by Mr. Amit Trivedi pushes us to critique our style and way of advising and asks us the most important question there can ever be in our profession: “What kind of an advisor are you?”

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A take on: Women & Money

Shweta Jain
Founder, Investography
October 25, 2019

There is nothing today that a woman can’t do. She has proved that she can do whatever she sets her mind to and do it with finesse. Why still, do we see that some women are apprehensive when it comes to handling money and making financial decisions? There is definitely not any lack of ability. So what is it? This week we have someone who speaks to women from all walks of like across age groups and backgrounds. She has come to develop a deep understanding on the dynamic that women share with money. Shweta Jain explains this to us and this should help us serve our women clients and understand women around us when it comes to their financial habits better.

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Will the New ‘Waterfall Approach’ by SEBI make Debt Mutual Funds Safe to invest in?

Jimmy Patel
MD & CEO, Quantum Asset Management Co. Pvt. Ltd.
October 22, 2019

Part of our job as advisors is to constantly keep learning ourselves and be updated with various products, their performance, various risk management strategies, regulatory changes, the impact of these on investment instruments, etc. Refining the knowledge that we have is the only way to keep yourself in top form all the time and ensure the best of client advisory services. This week, we have Jimmy A. Patel, take us through a few regulatory step-ups by SEBI in the debt mutual funds category and helps us understand them and evaluate their impact on the debt fund category. Get ready for a regulations’ class and get a step closer to advising right when it comes to the debt fund category.

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Are you adding value to clients with kids?

Deepesh Mehta
Director, Grow Wealth
October 18, 2019

In the course of advising on financial matters, we often end up sliding into the role of a guide, financially and otherwise. We experience clients coming up to us and asking for our opinion on matters and decisions that aren’t necessarily financial directly. In such cases we become responsible for their life decisions. While this is a position of great privilege, it is also one with supreme responsibility. So, it is out duty to impart advice that goes above and beyond routine and generic tips. This week, Deepesh Mehta tells us in what ways we could add value while helping clients plan for their childrens’ future.

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A leap of faith, belief and trust

Amit Bivalkar
Director, Sapient Wealth Advisors
October 15, 2019

We all aspire to take the next big step in our work life, and in fact even other aspects of our life. Wanting to do this and actually doing it are two different things, separated by the filters of our belief system. This week, we have Amit Bivalkar talk to us about the concepts of trust, belief and faith in an inspirational piece embedded with practical examples. We must all constantly evolve our thought process and psyche and this piece aims at inspiring us into that through the words of someone who has taken that leap of faith and taken his work to new heights.

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