Investment Planning for Retirement: Make Informed Choices
Retirement can be great joy all through your life if you have sufficient money to spend. One of the greatest difficulties after retirement you may face is handling of lump-sum money you have received from PF, Gratuity, Leave encashment, commutation of pension etc. Retirement planning begins with determining your long-term financial goals and tolerance for…
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Structure and Components of the Wealth Management Business
IntroductionWealth management is a comprehensive financial advisory service designed to address the complex needs of high-net-worth individuals (HNWIs). It integrates a variety of financial services and strategies to preserve and grow clients’ wealth over time. Wealth Management Business Structure Wealth management firms generally operate under two primary structures: independent firms and wirehouse models. Compensation Models:Wealth…
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What is a debt-fund?
A debt fund is a mutual fund scheme where the money is predominantly invested in fixed-income securities like government securities, debentures, corporate bonds, commercial papers, and other money-market instruments. The issuer of debt instruments pre-decides the interest rate you will receive as well as the maturity period. Hence, they are also known as ‘fixed-income’ securities.…
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Wealth Management: A Comprehensive Overview
Wealth management is a multifaceted and holistic approach to managing an individual’s financial resources, aimed at achieving specific life goals. It extends beyond traditional investment advice to include financial planning, retirement strategies, estate planning, and tax optimization. The primary objective is to create a personalized financial roadmap that helps clients navigate complex financial decisions and…
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Whether the sale of property through power of attorney is valid?
In the past, it was a prevalent practice in certain Indian States wherein a deed of power of attorney, coupled with the sale agreement, was treated as concluding or confirming the sale. No sale deeds were registered for conveying the properties. However, in 2011, the Supreme Court, in the case of Suraj Lamp & Industries…
Is your lender insisting you buy an insurance plan before sanctioning a home loan? Here’s what to do
It is not mandated by any authority like RBI or IRDA to buy a life insurance policy from a bank to get a loan. However, if you buy a life insurance policy equivalent to the loan amount it is beneficial to family members in case of your unfortunate death. The loan amount will be liquidated…
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