Cafemutual spoke to some advisors about their New Year resolutions and came across an interesting mix.
Dilshad Billimoria, IFA from Bengaluru has a list of things to be done in the upcoming year. Her resolutions are:
1. To create more awareness in financial planning and advisory by speaking at various forums, meeting clients and educating them.
2. To be a more compassionate person.
3. To continue to learn more about financial profession and become better at it.
4. To read good books on financial planning, renowned advisors, leadership, running,
exercising, nutrition, positive attitude.
5. To drive theorganization to be more technology and process driven and gear up to the changing regulatory environment.
6. To create a paperless office.
7. To set up a separate drive for charity and work more closely with differently abled children.
8. To create separate verticals of organization growth and venture into real estate offerings.
9. She wants to free clients from the burden of holding mis- sold insurance policies.
10. To delegate more work and enjoy more free time so that she can pursue other passions.
Melvin Joseph, IFA from Mumbai also has a list of resolutions but educating clients on early retirement planning is his major resolution for the New Year.
1. Discourage bank fixed deposits and promote debt mutual funds for client’s short term goals and promote equity mutual funds through SIP for long term goals.
2. Discourage savings linked insurance policies and promote term insurance policies.
3. He wants his clients to understand the importance of early retirement planning and consider in as top priority. So, for the forthcoming year, educating clients about starting retirement planning at an early age is
one of his key resolutions.
Sougta Mitra, IFA from Kolkata, has made adding one new SIP every working day of the week his New Year's resolution. He has been trying to achieve this goal for a long time but has not met with success so far. So, in the forthcoming year, he is even more determined and is confident of accomplishing his target.
Mukesh Dedhia, IFA from Mumbai plans to concentrate more on engaging with his clients rather than expanding the client base. “We will also get into insurance distribution business which we had left few years back as there are many challenges in the mutual fund distribution business. We will re-enter life and general insurance distribution aggressively in the forthcoming year,” said Dedhia.
Yogin Sabnis, IFA from Mumbai in 2013 wants to balance his professional and personal life. Besides growing his business, he wants to spend equal amount of time with family. “While running a business, an owner usually spends more time in the business and not with the family. This year I want to spend as much time as possible with the family and simultaneously look at various new initiatives to grow my business,” said Sabnis.
