Knowledgeable investors trust advisers the most
SIP Champions
A study conducted by Investopedia reveals that 43% of US affluent millennials use a financial adviser. Further, millennials who are familiar with investing are more than 2X as likely to have a financial adviser than their less knowledgeable peers.
Maharashtra dominates in new distributor enrollment
Retail Practice
Maharashtra continues to dominate, when it comes to new enrollment of mutual fund distributors. In September 2019, 31.62% of new ARN registrations were from Maharashtra, followed by Tamil Nadu (11.45%) and Gujarat (8.16%), shows AMFI data.
86% of SIP inflows came via distributors in September 2019
Retail Practice
When it comes to investing through SIPs, a majority of investors prefer to invest through distributors. The latest AMFI data shows that of Rs 8,263 crore collected through SIPs in September 2019, inflows from regular plans SIPs stood at Rs 7,147 crore.
Business Development
How to attract traffic to your website
Retail Practice
Financial advisers spend considerable time and resources building their websites. But it is of little use if the website is not attracting enough traffic from prospects. You need to have a strategy in place for marketing your website.
What advisers want to achieve
Retail Practice
Morningstar survey found that acquiring new clients, competition from other adviser firms, maintaining compliance with regulations and increasing business from existing clients are some of the main goals of advisers.
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