So far, most investors

used exclusively to investments in various instruments such as mutual funds, insurance, gold, etc. It was almost never supported by a reflection on financial planning. But now many are looking to them to prepare a financial plan, she demonstrates how much to save and allows them to choose the right type of investment to carry out their savings channel This is after a detailed study of existing assets, income, expenses and risk profile.

Financial planning has become a buzzword today.

calculated in the past two years and particularly after SEBI banned the entry of mutual funds almost a year ago, it was a radical change in the perception of financial planning, both in the minds of investors and service providers. And to create thanks to the media to raise awareness, as most investors now understand the concept (though vague) appear.

Today, almost everyone in the financial services industry claims to financial planning.

In fact, major banks, brokers and distributors of financial products, departments or divisions that are determined specifically with financial planning.

Also, try the different types of service providers that are in this activity means:

banks: You are the most common. They offer everything a bank account for transfers to open investment and now they are helping you, and a financing plan.

Dealers / Distributors: offer stocks, mutual funds, insurance, postal systems, fixed income, etc. your provider of mutual fund neighborhood insurance agent are large national retailer private part of this segment.

The biggest attention

banks and trading companies (not recommended) to sell you financial products so that they earn commissions on these products. Infact, they have cases of mis-selling, in which the broker to protect its interests, (through commissions) was first rather than the customer (the creation of wealth). Investors are still attracted to them. Why? Because the investors have fallen in love with a stop-shop solution – it is encouraging to present itself as a financial consultant. It can add great value to investors perceptions, but the focus on your financial health is not much. In most cases this service is completely free, because you actually buy financial products from them. Financial planning is not their focus. It is a means to achieve their sales targets for financial products and earn commissions.

Pure Fee-based planners: There were not many expenses out of economic planners in the country a few years ago. But since then, many people and businesses on the horizon appeared today, especially in large cities, where is the awareness of the concept better. They are now very serious about the pursuit of the business model of offering costs of pure financial planning. Well, some of them are well known, others not. Many thanks to the awareness of the general financial planning, have most of them as a Certified Financial Planner (CFP) tag purchased.

Service providers offering services: As you can offer this service financial planning and distribution of financial products like mutual funds, insurance policies, stocks, etc. Financial planning is a vehicle that they use to market their products. Many brokerage firms have transformed the planners.

Support for Financial Planning:

The financial planning industry is still not only costs for the service. While some planning services only offer a fee that can vary from Rs 5000 to Rs 50,000 and sometimes even more cargo, there are others, a percentage of assets you invest through this charge, which usually ranges from 1% to 2.5 %. While some others have a model of mixed fresh and they charge you a fixed amount for a plan and the investment costs on your investment.


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