Two Types of Financial planner

Two Types of Financial planner

Authored by: Ajit Panicker
Date:16.02.2012

Financial planning is an ongoing process. it does not end once when you have created a plan for the client and implemented the plan.It is the review and the client's major or minor financing decisions related to his asset allocation which matters most.
During my initial days of career as a banker, while interacting with clients and observing my colleagues or other bankers interact and deal with the clients, i always found something missing.That something missing was the valued "customer service after we have left the gates of the client, and picked up the deal".
There are two types of  executives in the sales and marketing field in any industry, be it banking, telecom, fmcg etc. 
one is the guy who is into push sales and once the deal is closed and the sales done , he forgets the client forever, at least till such times when he needs him again to push his sales or meet his targets.

The other type is a slow and less aggressive and may not push huge numbers in sales, may not be ranked among the  best in the region for the sales, but has an immense connect with his clients. He is empathetic, pull-force driven , which means he pulls the client towards himself by his self worth, his knowledge, his goodwill in the market and then most importantly, serves him THE BEST after the sales is over.
so friends the same goes in the financial planning arena, till the time one is product driven and not services( i mean quality services- remember the pull factor), he will keep making clients and losing them.
My recommendation as a practising Independent financial advisor and planner is to believe in service ,which will help you reap the benefits.

Retirement is our right and we should decide when to retire

Retirement is our right and we should decide when to retire

Authored by: Ajit Panicker..an old write up

Retirement is one phase of life though everyone wants to get in, but the phase being so morose without any excitement and no cash surpluses to enjoy , that each individual tries to postpone his retirement by 5-15 years, according to many government organizations the retirement age varies form 58-62 years, but people would still go in for another stint of work for say 10 years, the reasons are many, responsibilities are still left, nothing left after providing education for children and getting their jobs settled and also their marriage in many cases.
Do we really realize, that life has a right to be spend by your name for your personal recreation also , at least in the retirement. Now the problem arises because we do not have the retirement fund available with us, enough to even feed us the way we used to when in job, how can one think of recreation , long holidays or playing golf.
Here comes in the responsibility of a well read Financial planner who, creates a retirement corpus for you and actually plans and starts this when probably you got into your first job, because the corpus needs to be such that you are able to spend with same expenditure as you were able to  when in job, live upto the same expenses, for this there are various plans available in forms of NPS(new pension scheme), pension plans like Retiresurance from idbi fortis, ICICI pru lifetime pension maxima,icici pru lifestage pension advantage,LIC new jeevan dhara-1, and good annuity plans. The calculation of the retirement corpus is done taking into consideration your current monthly household expenses, inflation @8%, also that the increment in your salary or income every year to be 10% atleast.
Pls consult a well read and experienced financial planner

Financial Planning with Villagers

Financial Planning with villagers

Authored by : Ajit Panicker

On a recent visit to a village adjoining NOIDA, i found people there are better off than people in urban cities, in many ways and at the same time they are not upto a level where they can match the amenities and facilities which urbaners can access easily.
This is  in context to the management of their own personal finance, there has been a practice that whenver a big renowned builder comes to develop a project he buys the land from the authorities which is sold to them by the villagers, out of the settlement or compensation amount which the villagers receive, the amount being huge, there comes a rush of scavengers like insurance agents, property agents, mutusl fund agents and many bankers as well.
Now as the villagers have received a huge mount which they do not know where to put, the competition within insurers, AMC's  start, and the one who manages to get the amount invested, in plans which usually do not give them which they could have easily received if it would have been planned by a dutiful Financial doctor( financial planner) , who understands where to get it invested with least risk and reasonably good amount of return.
An awareness need to be created about the importance of financial planning , investment planning, in each and every familiy of our societies.

Debt planning as essential as breathing air

Debt planning as essential as breathing air

Authored by: Ajit Panicker

Debt planning is as important and essential as breathing air.there is a very common trend of using credit through credit cards and loans availed from banks, but as a layman, an individual usually tries to revolve credit by paying minimum amount due on it and keeping the actual principal debt as it is and end up paying around 42% interest on the total credit outstanding in a year.


The practice which i have usually seen in a lot of young professionals and gradutes who get into new jobs, get into the trap of taking easy credit by getting around 5-6 credit cards and then exhausting the complete credit limit and end up not even paying the minimum amount due after some time.

when the outstanding become unmamangeable and cannnot be paid from regular earnings they take personal loans from banks or private financers and end paying 17-19% interest which as in emi form becomes a liablity for the number of years the loan is taken.

There is where the individual become a debt owner.

please avoid this situation, and we take care of this through debt planning.

Consult a good experienced and well read financial planner.

What is Financial Planning?

Financial Planning

Authored by: Ajit Panicker

Usually people and their family members tend to spend according to their needs, but their is no understanding what is the actual need and where the scissors can be taken and the unnecessary expenses can be cut down on regular basis, here is where we take care and create a contingency fund out of that on a regular basis, by continuosuly monitoring your expenses.

Financial planning is all about taking an individual clients from where he is at present( his current net worth) to where he wants to be( projected net worth), and this is easily possible through a well read and experienced financial planner who takes care of each and every detail when designing your financial plan.

The financial plan should usually include the following sub plannings- consumption and savings planning, debt planning, insurance planning, investment planning, retirement planning, tax planning and estate plannning. People belong from different strata of society and working in much diverse group of industries, and thus many would not understand the difference of investing even in insurance with insurance needs or fill up the appetite of completing the tax saving formalities at the near end of financial year. 

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