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  • Business Development ‘Failure is necessary to taste success’

    ‘Failure is necessary to taste success’

    Nisreen Mamaji and Shyam Sunder share the best advice they ever got which helped them succeed as advisers.
    Darshita Shah Sep 23, 2016

    Nisreen Mamaji, Moneyworks Financial Advisors

    An avid reader, Nisreen read a book ‘Rich Dad Poor Dad’ authored by Robert Kiyosaki and Sharon Lechter. This book has influenced her a lot and has been very helpful in her practice.

    Published in 1997, the book talks about the importance of financial independence and building wealth through investing, starting and owning businesses and increasing one's financial intelligence.

    She has been teaching the lessons from this book to her clients, most importantly about saving for future. ‘The future is uncertain and the least you can do is to start saving for the future generation,” says Nisreen.

    Another important piece of advice came from her mother who is an important pillar in her life and has been a source of motivation for Nisreen throughout her career. My mother told me that it is important to fail so that you can taste success in life.  

    Shyam Sunder, Peak Alpha Investment Services

    Winner of CNBC TV 18 ‘Best Performing Individual Financial Adviser’, Shyam believes in having the ‘X’ factor in advisory profession. This advice was given by his brother-in-law Narayan Ramachandran, Non-Executive Chairman of RBL Bank. Narayan told me to look for problems that are complex and difficult to solve. ‘Everyone can solve easy problems. So your ability to solve difficult problems sets you apart’, says Shyam.

    Since we are in service industry, Narayan also told me to go the extra mile in servicing clients.

    Lastly, he told me to anticipate and change. “We anticipate the direction of change - regulatory, infrastructure, customer need and technological changes and align the company towards being ready to handle these changes,” says Shyam.

    Currently, Shyam manages 3,400 clients and has Rs. 300 crore AUA across products.

     

     

     

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