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Welcome to the global gathering place for the financial planning profession
“Times, they are a’ changing”, goes a song from times gone by. For the financial services industry, the changes have started coming in, fast and thick, since 2008. The entire financial community was viewed with suspicion, with bankers bearing the brunt, for obvious reasons. Continue reading Regulatory Changes in India Affecting Financial Planners
Have you ever bought an insurance policy? When you purchased it, did you go through the four pages of fine print and understand everything? If you are like most people, you wouldn’t have even opened the envelope in which the insurance policy was sent to you in! Continue reading Financial Planning: How to Properly Disclose Information
A teacher once remarked to me, “We can only simplify concepts if we have a deep understanding of the subject.” It dawned on me that this is actually a very profound statement. Only an experts know things so well that they can make the sublime, simple. Continue reading KISS Rule: Simple Products and Strategies Work Best for Clients
“It is an interconnected world. What is happening in the west has a bearing on the rest. That is very evident in our line – financial planning.” The meltdown in 2008 has resulted in regulators looking askance, at all financial service players. Continue reading Financial Regulation: Even Eagles Need a Push
Believe it or not – we are constantly trying to sell, convince or persuade people to agree with our way of thinking. This is irrespective of what we do in life. Continue reading Clear Expectations Lead to Longer Lasting Relationships
The toss-up between comprehensive advice and focused advice is more of a business model debate. Purely from the financial planner’s perspective, they need to be clear on what they want to deal with. The bits-and-pieces advice approach, in a way, is what many investment advisors are doing, and they mostly don’t get to know the full picture about client’s finances. Therefore, the advice they are offering, might be limited in scope and could even be off-track. Continue reading Comprehensive Advice Wins
The financial planning profession in India, is at a nascent stage. It needs careful tending for it to grow and bear fruit. But, are the regulators doing the right thing for the industry? Their intentions seem good but they seem to have missed the realities of what is actually going on. Since this is a new profession, financial planners are emerging from the Independent Financial Advisor (IFA) community, which is comprised of insurance agents and other financial service intermediaries. Continue reading Financial Regulation Needs Enlightenment
A new year has dawned on us. It’s a relief that 2011 is out of the way! But is 2012 going to be a better year? If you go by what the Mayans want you to believe, you don’t have to worry – as the world will come to an end, anyway! If however you believe that this is just another 1984 scare and nothing more than the periodic Armageddon predictions, then we have work to do. Continue reading God, Give Us A Better Year in Financial Planning |
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By Suresh Sadagopan, CFP
By Suresh Sadagopan, CFP