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..
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..
Now that you’ve passed all your licensing exams and eager to launch your financial planning career, you realized that there are tons of things that needs to be learnt and to be done. Many people get stuck in the complexity, have misplaced priorities, eventually tire out and fall off.
To get off the starting blocks fast and right, here are five things to work on:
The actual role of a Financial Adviser is to assist their clients in making good financial decisions in order to meet their life goals. It involves a process of gathering client financial data, analyzing and then making recommendations so that the client can make informed choices. It does not stop there. The process should also involve implementation, periodic review and monitoring. This is the Practice role of the Financial Adviser, just like attending to patients is the practice role of a doctor. Can you imagine a doctor giving you medicine before proper diagnosis?
It’s a shame that most people’s contact with a financial adviser or financial planner has been limited to an eventual purchase of a financial product. There is more to it than that. The product-pushing practices have caused much disrepute to the profession of a Financial Planner or Financial Adviser. Read it all..
