Question 1

What is Wealth Management?

Accepted Answer

Wealth management is a comprehensive financial service that helps an individual in building their wealth to manage, growing and passing on the wealth to designated heirs. It is a high-end service taking care of a client’s holistic financial situation.

Question 2

Why would someone need wealth management?

Accepted Answer

Wealth management acts as a guide as you go through life’s journey. Essentially, it helps you control your income, expenses and investments such that you can manage your money and achieve your goals. To attain one’s financial freedom, more than earning it is important to build wealth from what you are earning along with meeting the expenses. This is where wealth management’s need arises. This service helps throughout the journey of life for achieving financial goals on time by amalgamating all financial services at one place.

Question 3

What is Financial Planning?

Accepted Answer

In financial planning, a single manager coordinates with the clients and provides all the services needed to manage their money and plan for their own or their family’s current and future financial needs.

Question 4

What does an investment consultant do?

Accepted Answer

An investment consultant is a financial professional who provides investors with investment products, advice, and/or planning based on their needs and risk appetite. Investment consultants do in-depth work on formulating investment strategies for clients, helping them fulfil their needs and reach their financial goals.

Question 5

What is the average rate of return with a financial advisor?

Accepted Answer

The average rate of return depends on three factors mainly, investment product, holding period and risk appetite of an individual.

Question 6

Why do I need a financial advisor?

Accepted Answer

A ﬁnancial advisor helps you plan and regularly monitor your investment portfolio to ensure alignment of your investments with your ﬁnancial goal.

Question 7

What are Portfolio Management Services?

Accepted Answer

PMS stands for Portfolio Management Service, which is a professional service provided by qualified and experienced portfolio managers, supported by an experienced research team. The portfolio can be tailored to suit specific investment objectives or theme/(s).

Question 8

Why do I need Portfolio Management Services (PMS)?

Accepted Answer

Portfolio Management Service is very important nowadays due to high volatility in the markets which is difficult for individual investors to consistently manage. The main advantages of PMS are Diversification of risk, Scope of higher returns.

Question 9

Can NRIs avail Portfolio Management Services?

Accepted Answer

These services are open for all Indian nationals, resident or otherwise. Non-resident Indians or NRIs can also invest in the PMS scheme by opening a Portfolio Investment Scheme (PIS) Account as required under the RBI guidelines. NRIs can invest in the PMS through the NRE or NRO accounts.

Question 10

Why is retirement planning essential?

Accepted Answer

Retirement planning is important because it can help you plan your finances and investments in a way that you can maintain your desired lifestyle even post retirement.

Question 11

Is it possible to buy Pre-IPO stocks?

Accepted Answer

Yes, it is possible to buy Pre-IPO stocks. Pre-IPO stocks are sold as private placements before the IPO is held. They are sold in blocks of shares before the listing, and can be transacted via an off-market transfer.

Question 12

Why would one invest in unlisted shares?

Accepted Answer

They provide diversify to one’s portfolio. Unlisted shares provide similar to better return potential when compared to listed shares. Some point in the future these stocks may go public at and it can offer substantial upside when they list on the stock exchanges.

Question 13

How can we buy unlisted shares?

Accepted Answer

One can buy unlisted shares through broker/ wealth management firms, employees or rep. Employees or representatives of the organisation or directly with the company.

Question 14

What is the role of an insurance advisor?

Accepted Answer

Your insurance advisor is not only an important link between you and the insurance company, they are the best person who knows you as well as the terms of your insurance company in depth, he/she serves as a right guide and advisor for one’s insurance needs.

Question 15

Why do you need an insurance advisor?

Accepted Answer

Clientsmay not have an exact knowledge of an ideal coverage and basic requirements they are looking for. In such a situation, a good insurance advisor will know how to make a client understand his/her needs and help them to buy the most suitable insurance plans.

Question 16

Do I need a mutual fund advisor?

Accepted Answer

It is important that one can access the mutual fund advisor as they would have an in-depth knowledge of the industry and can suggest the right fund as per the clients need. Most investors end up investing in unknown asset classes and eventually do not get the desired returns and intern fail to reach their financial goal.

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