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1.      Investment Planning

2.      Retirement Planning

3.      Child Future Planning

4.      Tax Planning

5.      Risk Management

6.      Estate Planning

7.      Budget & Cash Flow Planning

8.      Insurance Planning

Read More- types of financial Planning 

1.      Investment Planning

2.      Retirement Planning

3.      Child Future Planning

4.      Tax Planning

5.      Risk Management

6.      Estate Planning

7.      Budget & Cash Flow Planning

8.      Insurance Planning

Read More -  Types of financial planning

Fear is a strong emotion and too much of it can hurt your frame of mind. It is important to think about money and be aware of various possibilities that can happen to our finances but instead of being scared about them, one should plan the finances and take the right steps to be financially secure

1)      I will lose all my money

2)      I will lose my job

3)      I will never have enough money

4)      I will make mistakes while managing my money

5)      My online financial identity will get stolen

6)        I am scared of talking about money

Financial advisors have always played a crucial role in the development of the financial industry. Here are top 10 Other Roles Of Financial Advisor.  

10 Other roles of financial advisor

1.      Formulation of measurable financial goals

2.      Review and Adjustment of Financial goals

3.      Asset Allocation

4.      Risk Management

5.      Product knowledge

6.      Financial Control

7.      Tax Planning

8.      Unbiased management of portfolio

9.      Recommendation of experts

10.   Estate Planning

Financial planning is the process of analyzing and preparing a plan of action to achieve goals with financial resources in an organization.

1.      The initial interaction and establishment of the Financial Planner & Client Relationship.

2.      Data Gathering & Goal Finalization

3.      Analyzing and evaluating your current financial status.

4.      Developing and Presenting Financial Plan.

5.      Implementing the Recommendations of the plan.

6.      Reviewing & Monitoring the Financial Planning recommendations.

FIIs are investors or Foreign investment funds that are registered in a country and make investments in the stock and bond markets of other countries.

FIIs are investors or Foreign investment funds that are registered in a country and make investments in the stock and bond markets of other countries. The goal of the foreign institutional investor is to anticipate the movement of the markets in the target country and make investment decisions based on the analysis to benefit from such movements.

Investment by FIIs are regulated by the SEBI and the RBI defines and maintains the cap or ceiling on such investments. The different types of FIIs who are allowed to invest in India are:

Asset Management Companies

Endowments

Foreign Mutual Funds

Hedge Funds

Insurance Companies

Investment Banks

Pension Funds

Sovereign Wealth Funds

Treasury Funds

Trusts – Private and Public

University Funds

How Much Hold Cash is enough?

The filtered wisdom of decades of financial planning with all classes and types of clients suggests having cash holdings sufficient to meet your short-term requirements, that do not interfere with your long-term goals.

Just like insurance is a necessary expenditure, that you never wish to recoup, holding cash with negative returns also falls in the same category. That is why contemplating the just “right” amount of cash is extremely personal.

How to Hold cash?

Of your cash holdings, you can further carve out multiple buckets based on the liquidity of the asset – cash-in-pocket being the most liquid and others less so.

To help you make the decision based on sound reasons, we recommend a laddered or buckets-based approach:

Define requirement buckets based on the urgency of the situations from a few hours to a few weeks, and so on.

Identify Are You Holding Too Much Cash? would be needed for each of them – always consider a little worse than the average scenario.

Find the right instruments that give you the comfort of the liquidity within the said window, with the safety of capital.

Psychological Safety Net

Emergency Funds

Protection Against Liabilities

Work profile and Income Volatility

Number of income Streams

Big Ticket Spends

Opportunistic Funds

Retirement planning has gained prime importance largely due to changes in the lifestyle of people. Here are some Myths about retirement planning

1. Too early to start saving in the 20s

Why be bothered when I am just starting my career, is what many think. It’s a general myth that they can save later on in life for their retirement in their 40s. People think that since salary is low at earlier stages, it would be better to contribute bigger amounts when the salary gets fatter. Small savings at initial years of employment in life is more beneficial than saving a large amount at a later stage in life. A SIP (systematic investment plan) in the mutual fund of Rs 1000 for 35 years compounded at an annual rate of 15 percent can give approx Rs 1.45 Cr, where as Rs 10,000 for 10 years will give you only Rs 27.5 lakh amount earning a similar return.

2. Social security will take care of retirement needs

During their careers, people generally don’t bother about their retirement life as they think that social security benefits will take care of their retirement needs. This is very common with people serving in government departments. But, social security benefits don’t guarantee the same standard of living of a person in the post-retirement phase considering the inflation and the old structure of defined benefit plan.

Retirement planning has gained prime importance largely due to changes in the lifestyle of people. Here are some Myths about retirement planning

7 Ways to kickstart the Saving Habit: Start with small steady steps, Plan your Shopping ,Make a budget and stick to it, Avoid extensive use of credit cards.

Start with small steady steps

 You have heard the phrase – ‘slow and steady wins the race’. We should use the same approach while saving. It is not easy for many of us to have discipline in our finances all the time. So you should start with small steps to inculcate the savings habit. You should set up a small target amount to be saved in the beginning. You need not wait for a big amount to invest. You can make small investments as soon as you have some savings or even before that - when you just get your income. Investing early is financially beneficial. When you meet these targets, you will get confident and be more motivated. You can then set bigger targets. You should be regular in your savings so that you have an idea of how much time it will take to meet your target and you are able to generate this amount in a defined time. Try investing in PPF, MF SIP, or Bank RD.

Plan your Shopping

Most of us love shopping. Shopping malls have attractive displays that tempt us to buy. Last month was such an example as all carries their season-end sales. Before shopping especially in a mall, it is best to make a list beforehand of the things to buy/do there. When your hand reaches out for something, check the list, and if it is not there, the thing back in its place. It is best to use cash to shop - you will feel the real pain. You will have an idea of the money you are spending and be more conscious.

Finding financial advisors or sales representatives who call themselves advisors, is easy. They are seemingly on every street corner. More than 50 Lakh people in India sell investment and insurance products. The low entry barrier for selling financial products has ensured that anyone at all can become an advisor.