FINTENET: YOUR EXPERT FINANCIAL ADVISOR
When it comes to your family, there can be no corner cuttings. Unless you are a real pro at managing your own finances and investments, you will need an expert to handle the task for you. Financial planning is a specialised service to be left to the experts.
FINTENET: YOUR EXPERT FINANCIAL ADVISOR
When it comes to your family, there can be no corner cuttings. Unless you are a real pro at managing your own finances and investments, you will need an expert to handle the task for you. Financial planning is a specialised service and needs to be left to the experts.
Do I need Expert Financial Advisor?
Kindly spare 2 minutes of your time to know if you need expert financial advise to guide your life goals.
Your Financial readiness score is low. You will need expert advise to fix your finances.
According to various surveys and estimates, at least 81% Indians lack the knowledge to plan robust financial plans to meet their family life goals. Majority of Indians fall prey to free advice because they cannot affford high fees charged by experts or simply have not realised the significance of creating a plan.
DISMAL STATUS OF INDIANS IN FINANCIAL PLANNING
DISMAL STATUS OF INDIANS IN FINANCIAL PLANNING
WHY YOU SURELY NEED EXPERT FINANCIAL ADVISE?
Financial planning is a profession practised by experts in the financial planning domain. Just like doctors, lawyers, engineers, etc.; Financial planners employ objective tools and processes to arrive at custom made solutions to meet client’s financial objectives. However, in India the industry is dominated sadly by insurance agents, mutual fund distributors and stock brokers who advise gullible people for free on products that earn them commissions. So what initially seems to be free, comes with a heavy price tag. Fintenet raises the red-flag on your insurance and investment portfolio and explains the reasons why they would be detrimental to your financial health if continued. Our portfolio cleansing process frees you from the toxic wrong insurance and investment instruments and directs your hard earned money to right instruments with right allocation.
WHY YOU SURELY NEED EXPERT FINANCIAL ADVISE?
Financial planning is a profession practised by experts in the financial planning domain. Just like doctors, lawyers, engineers, etc.; Financial planners employ objective tools and processes to arrive at custom made solutions to meet client’s financial objectives. However, in India the industry is dominated sadly by insurance agents, mutual fund distributors and stock brokers who advise gullible people for free on products that earn them commissions. So what initially seems to be free, comes with a heavy price tag. Fintenet raises the red-flag on your insurance and investment portfolio and explains the reasons why they would be detrimental to your financial health if continued. Our portfolio cleansing process frees you from the toxic wrong insurance and investment instruments and directs your hard earned money to right instruments with right allocation.
Some of the most common FINANCIAL MISTAKES are summarised below:
1. Mixing Insurance with Investments
Most Indians are sold Insurance policies as Investment plans by Insurance agents working for commission earnings. Sadly, those who claim to be insured mostly have traditional endowment or ULIPs in their portfolio, while having no clue about the benefits of these plans to meet financial goals. Truth is, these policies offer low term insurance covers and also very nominal ROI. They only benefit the agent and the insurance company. At Fintenet, our insurance planning desk is manned by risk management professionals with over 20 years experience in the insurance industry and hold membership of Insurance Institute of India. So you can rest assured, our recommendations will make you proud.
2. Saving is not Investing.
Indians have a relatively higher % of household savings in bank FDs and Post Office schemes. While this is no doubt commendable, it is still only savings and not Investments. Savings in government and high quality corporate bonds have low risk and therefore come with low returns. Risk and Returns are directly proportional. However, the returns are normally in the range of 6-7% and just about beats inflation at around 5-6%. In effect, returns is negligible and cannot create wealth over long periods of time. Hence, the need for diversifying investments into equity markets, high rated corporate bonds, alternate investments and international funds specially US market centric.
1. Mixing Insurance with Investments
Most Indians are sold Insurance policies as Investment plans by Insurance agents working for commission earnings. Sadly, those who claim to be insured mostly have traditional endowment or ULIPs in their portfolio, while having no clue about the benefits of these plans to meet financial goals. Truth is, these policies offer low term insurance covers and also very nominal ROI. They only benefit the agent and the insurance company. At Fintenet, our insurance planning desk is manned by risk management professionals with over 20 years experience in the insurance industry and hold membership of Insurance Institute of India. So you can rest assured, our recommendations will make you proud.
2. Saving is not Investing.
Indians have a relatively higher % of household savings in bank FDs and Post Office schemes. While this is no doubt commendable, it is still only savings and not Investments. Savings in government and high quality corporate bonds have low risk and therefore come with low returns. Risk and Returns are directly proportional. However, the returns are normally in the range of 6-7% and just about beats inflation at around 5-6%. In effect, returns is negligible and cannot create wealth over long periods of time. Hence, the need for diversifying investments into equity markets, high rated corporate bonds, alternate investments and international funds specially US market centric.
3. The Lure of Free Advice: If something is free, remember YOU are the product.
People have a tendency to resist paid service and fall for the lure of free advice. More often these free advices come from people who earn through product commission. Clients who opt for such free services end up paying high prices in the end. A better way is to engage Financial planners who have no prejudice or bias towards specific product recommendations and charge only fixed fees for the effort to draw up comprehensive and foolproof financial plans that address all components of financial planning. Remember, there is no free lunch here. You either hire professionals or you hire product pushers.
4. Letting the Man manage Finances
According to a recent survey conducted by Bajaj-Allianz, 53% of Indian women said they had not financially planned to meet their life goals. Most educated, even urban women, married and unmarried and even widows left the financial planning exercise to their husbands or father or another male in the family. This dependency has deprived women from benefitting from the opportunities in the investment and insurance sectors. With more and more women adding to the workforce, there is considerable scope for increase in women claiming financial planning as one of the most important aspect in their lives and actively engaging professionals to manage their hard earned money.
3. The Lure of Free Advice: If something is free, remember YOU are the product.
People have a tendency to resist paid service and fall for the lure of free advice. More often these free advices come from people who earn through product commission. Clients who opt for such free services end up paying high prices in the end. A better way is to engage Financial planners who have no prejudice or bias towards specific product recommendations and charge only fixed fees for the effort to draw up comprehensive and foolproof financial plans that address all components of financial planning. Remember, there is no free lunch here. You either hire professionals or you hire product pushers.
4. Letting the Man manage Finances
According to a recent survey conducted by Bajaj-Allianz, 53% of Indian women said they had not financially planned to meet their life goals. Most educated, even urban women, married and unmarried and even widows left the financial planning exercise to their husbands or father or another male in the family. This dependency has deprived women from benefitting from the opportunities in the investment and insurance sectors. With more and more women adding to the workforce, there is considerable scope for increase in women claiming financial planning as one of the most important aspect in their lives and actively engaging professionals to manage their hard earned money.