A new law governing insurance nominations came into effect on 1 Sep 09. This law clarifies exisiting uncertainties about nominations and trusts. New policy holders and existing policies without nominations (not applied retrospectively) can now name beneficiaries and change them when the need arises. What should a Financial Planner know about this law? Read it all..
In the previous article, we looked at the observations of a 38% increase in premiums collected compared to the 1st quarter of 2009. There are actually two other areas which bears taking a look at in the LIA Insurance Industry Report 1H 2009. Read it all..
After all that brainy thinking exercise, let’s get down and dirty to the “doing” part. What are the crucial preparation and actual implementation of a marketing plan that will create explosive results for your financial practice?
Would your strategies be sustainable and be profitable long term? And what are the check and balance you should have to bring your business over obstacles and into the next level? Read it all..
While it would be unrealistic for brand new financial advisers to have any sort of grand dreams and vision for their business until they have spent some time in the business, it’s still important to set business goals and achieve them, because good results drives the passion in the beginning.
How should a new adviser go about their Goals Setting? Read it all..
Unless you are an employed Financial Planner, being a Financial Adviser is like running a small business. And like all businesses, there is the sales/marketing, finance, operations, personnel and customer relationship management aspects in running a profitable Financial Advisory Practice. Therefore having a good business plan/strategy and being able to execute it well, is the difference between a good and an excellent financial adviser.
“Authentic marketing is not the art of selling what you make but knowing what to make. It is the art of identifying and understanding customer needs and creating solutions that deliver satisfaction to the customers, profits to the producers and benefits for the stakeholders.” Philip Kotler Read it all..
Are you looking for a career that will allow you to have time flexibility, run a small business, write your own pay check and be able to help people in a way that makes a big difference in their lives? Well folks, this is what part and parcel of what a being a financial adviser is.
USNews.com listed the financial advisory business as the top 15 Best Small Businesses to start in 2009 and CNN Money listed the Financial Adviser as the top 10 careers to pursue. This is taking into consideration the compensation, job fulfilment as well as quality of life.
