Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Financial Planning/ Mutual Funds/ Investment - Advisor

Unique Financial Planning and Analysis advising services offered by us in Delhi, Mumbai and India. We employ top financial planners and consultants to help you find the best financial options.

Wednesday, 18 December 2013

What a financial planning calculator can reveal and much more explained!



Whenever we think about investing, we have a specific goal in mind. Our finances should be calculated so as to optimally meet those demands. This means that if you need money to fund your child’s trip next year, you can actually invest some spare money in a yearly fixed deposit and use the interest next year for the trip. However, if you were to invest that money in a 10 year bond that will give you returns once every 5 years, you won’t be able to fund the trip next year!

This is where a financial planning calculator helps. It helps you in determining how much amount on money can yield what kind of results. Obviously, when it comes to something such as buying shares or investing in a property, one can just estimate the returns looking at the market condition. However, you cannot calculate the exact results! Financial planningcompanies in india can offer you charts that have pre-calculated stats. The stats include the amount of time that you can invest for, and the rate of interest you will receive accordingly.

A financial calculator is important for other things apart from investments. It is a handy tool when you’ve to calculate your loan repayment! It will show you the amount of interest you have to pay at different rates of interest, for different tenures. And by varying even one of these variables, you can make significant changes to your repayment. Let’s see two of these in some more detail –

1.       Rate of interest: Rate of interest is the percentage of your loan amount that will go as fee for taking the loan. The rate of interest if varied by even a single percent can make a difference of lakhs of rupees every year! Try to get the lowest rates of interest.  

2.       Repayment tenure: Repayment tenure is the amount of time that you’ve taken the loan for. It usually depends upon how comfortable you are in repaying, and therefore you take the loan for that much amount of time. 

If you want more help, just Google My Financial Planner India!

Monday, 9 December 2013

3 selection criteria for financial advisors Gurgaon!

We get attracted really fast to all those things that offer us a shortcut for doing something; just like this blog! This blog will give you some simple yet effective tips to choose the best from your short list of financial advisors Gurgaon. It is also better to choose the right one so that you don’t end up with someone who will mess around with your hard earned money!

   1.     Why do you need one?

It is pretty interesting to note that financial advisors Gurgaon are not generalists; they are specialists! So while one financial advisor might guide you about investing in real estate, another one might guide you about retirement planning. You need to be sure about what you are expecting out of them. Yes, there are general advisors available too in case you need their advice on multiple investment schemes!

2.     Their qualification

Financial planning is a field wherein only skilled professionals can offer you good advice. Someone who is learned and has completed his CA, CFP, or CFA is more likely to offer you expert advice than someone who is not from this background. One more important reason to choose CFPs or CFAs is that they have to adhere to the code of conduct that they have sworn by. So inquire about the qualification of the financial advisor before you hire him/her.

3.     Look at the long term perspective!

If you are looking to hire a financial advisor gurgaon, have a long term perspective in mind. Do not inquire about immediate results because you simply cannot reap immediate benefits in any investments; be it fixed deposits or real estate. For actual hardcore benefits, you need to have patience and trust you advisor. Give him/her some time to manage your finances so that it reaps good benefits.
When you are on the lookout for financial planners noida, you should keep in mind that determining your own needs is what you should start with. No financial planner will be good enough if you are unclear regarding your demands! After that, you should start scouting for a suitable financial advisor.   


Sunday, 1 December 2013

Hiring the best financial planners Delhi and avoiding the shady ones!

Hiring a financial planner requires time, conscious efforts, and patience. You should know what you exactly want out of your financial planner to start with. Do you want someone who can help you out with growing your business, or do you want someone who can assist you in investing in property? Once your object is clear, you will know which type of financial planners Delhi to look out for!
Here’s what you can do to find the best ones in the business –

·        Check their qualification

You should check the qualifications of the financial advisor. Make sure that he is a CFP (Certified Financial Planner) and has cleared the tough exams held by the financial planning standards board of India.

·        Experience

There’s no doubt about the fact that an experienced financial planner can bring more financial planning ideas to the table than an inexperienced one. While the inexperienced one might be brimming with newer techniques, he will not have the skills that are acquired over years of practically working in the industry.

·        Refer to their old clients

If you can, you should always check with the existing and old clients of the financial advisors pune. They will be the best ones to honestly let you know whether the financial planner was any good at his work.
Here are some tips to avoid the shady ones!

·        Check their social media profiles

These ways, we have the convenience of doing a quick Google search in order to find out about a person. Their LinkedIN, Facebook, and Twitter accounts can help you in knowing what kind of thoughts they have, whether they have been recommended by seniors in the industry, and what kind of lifestyle they lead! Obviously, you wouldn’t want to go for someone who prefers drinking daily and turns up to work late!

·        Ask them the ultimate question!

While the ultimate question is often the one pertaining to marriage, in the field of financial planning, the ultimate question is ‘Do you have a fiduciary duty on me?’ Hire financial planners Mumbai only if they answer ‘YES’.


Monday, 25 November 2013

How investing with ameriprise financial advisors benefitted me!



In a country filled with innumerable financial planning firms, it is a matter of great joy if you can get in touch with someone genuine. A long time ago, when I was short listing some financial advisory firms in my area, I came across Ameriprise. A couple of friends and colleagues had recommended it to me, citing that ameriprise financial advisors are well educated, and experienced. Well, my friends and colleagues turned out to be wrong. Want to know why? Because Ameriprise’s financial consultants are not only educated and experienced, but also extremely polite, courteous, and have the mindset to work in the best interest of the customers!

After a few introductory sessions and meetings, I started investing my money with Ameriprise. They suggested me various secrets, which I’m going to share with you –

·         Buying policies: Buying policies is one of the foremost actions you should perform. Buying various policies insures you against life’s unforeseen circumstances. A medical policy can help you out when there’s an emergency operation to be performed; fire insurance can get you the compensation in case your assets burn down during fire; life insurance can help your family financially when you’re no longer present. 

·         Invest in mutual funds: On the basis of ameriprise financial advice, I invested my money in mutual funds. It turned out to be one of the best decisions of my life. In accordance with my short term income goals, they suggested the right kind of mutual fund investments that are offering me monetary gains frequently. And since your money is invested in various options in a mutual fund, there’s a great chance of risk minimization and profit maximization. I didn’t know about this until the advisors helped me out.

·         Open a fixed deposit account: At times, we have some spare money that we don’t know what to do with. On Ameriprise financial planning advice, I opened up a fixed deposit account and put all my money there. FD is a safe option at a time when you don’t want to risk that spare money! Mutual fund investments and other such investments can be risky at times.

Thursday, 14 November 2013

Have you ever thought of hiring a financial advisor gurgaon for your business?



When we talk about financial planning, people start thinking about investing
their money in shares, stocks, mutual funds etc. in order to meet the requirements of various stages of life. But rarely does one think of hiring a financial planner for business. Financial planners can turn over a company’s fortunes if handled with utmost precision. There’s a good chance of the company generating voluminous business, as well as some great turn over.

If you have never thought of hiring a financial advisor gurgaon for your business, it is time you do. A financial advisor can help you out with a lot of things that you probably haven’t thought about; starting from managing your working capital to helping you keep an eye on the operating expenses so that you don’t go overboard. 

Knowing how much working capital you should ideally have and at what rate you should keep on increasing it is very essential if you want to grow your business. Same is the case with operating expenses. Your operating expense should be optimally controlled and should always be a fixed percentage of your working capital.

A financial advisor noida can help you out with such things because they are brilliant with economics. Recently, one of my friends had the privilege of hiring someone a good financial advisor, and he can already feel the change in his business. His business has grown 1.5 times in a year, all because of careful planning and proper implementation. And mind you, implementation is more important than planning, because that’s where everything occurs.

While hiring a financial advisor, you should be careful to note whether they have performed financial advisory duties with any business firm. If they haven’t, then it is entirely up to you whether to trust them with your business or not. While they may be exceptionally good with personal financial planning, business financial planning is a different ball game altogether. We would advise you to hire someone who is adept at business advising since he will be experienced. His experience can help you out at a lot of places, including when your business is facing tough times.  

Sunday, 10 November 2013

Unusual financial planning tips you haven’t thought about!

When people hear the term ‘financial planning’, they start thinking about filing income tax returns, sitting down with calculators to perform advanced computing tasks, and reading the offer documents of every financial planning firm. But after you read this, you will realize that you can plan out your finances in the simplest of manners by making minor adjustments in your day to day living! Let us look at some unusual ways in which you can bring your financial life on track –

·         Use public transit: Petroleum prices are rising at a massive rate. Comparatively, public transport such as local trains, metro, and AC buses are cheaper. You can save several thousands of bucks every month if you just cut down on your car traveling and instead choose to travel by public transport.

·         Use free calling apps: Cell phone bills constitute one of the major spending every month. These days, smart phones offer apps that can totally cut down your phone bills. You can make free calls, as well as text without paying a single penny. All you need to spend on is a basic internet plan! You can save several thousands of rupees per month by cutting down on your phone expenditure.

·         Replace old lights and other electrical appliances: Old lighting fixtures and appliances such as air conditioner and geyser can consume a lot of electricity. It is advisable to replace them than to continue using them. While some people often wonder that it is not worth it to spend money on new appliances, it is definitely cost effective in the long run.

·         Create alarms: There are various types of alarms that you should set namely credit card payment, phone bill payment, electricity bill payment etc. This will help you to pay the bills on time and avoid hefty penalties. Paying penalties is a totally unnecessary habit and shouldn't be inculcated. One would rather donate that money than to give it as a late fee!


While these are some homely remedies to save money and improve your financial health, if you want to invest money then you should invest with financial planning companies

Tuesday, 29 October 2013

It pays to hire a financial planner!



We often try to dabble in fields that don’t concern us, and eventually accept that we’re terrible at it! Same is the case with financial management. We often think that it is our money, and therefore we should manage it. Rather, we think that since it is our money, no one apart from us will know how to manage it. There’s some sort of skepticism as well when you go to hire a financial planner. After all, what if he slips, and all our hard earned money goes down the drain?

Well, such concerns are pretty natural. Since there’s a lot of money involved and possibly at risk, one is bound to feel nervous. However, you will soon come to terms with the fact that only a financial consultant, also known as a financial planner, is the best person to trust your money with. They are highly qualified, well experienced, and possess educational degrees in the field of finance. In fact, while hiring them, you should look at these qualities. If they don’t possess a degree, you shouldn’t hire them. Try to ensure that you are getting hold of a CFP or a CFA! 

You can contact financial planning companies in your city and ask them to send over a financial planner or a consultant. While a financial planner noida will plan out your financial roadmap properly and look after your investments, a financial consultant might just offer you some advice. It is totally up to you which one would you like to hire. Typically, they will come and give a short presentation mentioning about the key benefits they can offer you, whilst also throwing some light on their significant achievements, major past and present clientele. 

A lot of people wonder how much does it cost to hire a financial advisor. Different financial advisors have different modes of compensation. While some work on a flat monthly fee, others charge commission. There might be a combination of both the compensation modes too. For detailed information, you could check online. They will mention some sort of estimated pricing for all those interested in hiring financial advisors.

Thursday, 17 October 2013

Importance of a child insurance plan for Indian parents

Becoming a parent is always a special moment but with it comes the responsibility of bringing him up to be a successful man and ensuring that his/her future is secured. For Indian parents, the biggest commitment is perhaps being able to provide the child with the best education. However, education today is not spared from the rising costs and inflation.

It is even believed sometimes that the first impact of inflation falls upon education of a child. Therefore, parents need to start planning as early as possible such that no sacrifice needs to be made when it concerns the child’s intellectual future. As of today, a child insurance plan is probably the best weapon in this regard. There are even several other advantages that child insurance comes with in India.

·         Life insurance policies for children are more affordable than any other life insurance policy
·         Investment in children insurance plan is similar to an ULIP investment. The only difference is that the investors are the parents while the final beneficiary is the child when he/she grows up
·         In case the parent dies, a lump sum amount is given to the family but the child insurance plan doesn’t terminate itself. It acts as a corpus that remains intact till its exact maturity date
·         Te returns on insurance policies for children are tax-free and can save you a lot

Every Indian insurance company today has a child life insurance plan. However, differences in the conditions still exist between plans and it is necessary to do your part of research for seeking out the best investment.

Another thing that seems a little confusing in arriving at is the exact amount that should be contributed every month as premium towards your child’s policy. 

In this case a backward estimate is necessary but this calculation is better done by a professional as it involves several other factors like future market conditions, educational expenses, emergencies, etc. realizing later in life that the premium was less when  you could have contributed more wouldn’t solve the case. So, planning ahead in advance is the only option.

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