FINANCIAL PLANNING

Open Architecture Open architecture is a software design principle that promotes the reusability of software components. It refers to a software system that allows for the easy integration of third-party components and extensions without modifying the core system. Key Principles of Open Architecture: Loose Coupling: Components are loosely coupled with each other, meaning they rely […]

Advisor Fee An advisor fee is a fee paid to a financial advisor for their services. It can be a flat fee, a percentage of the client’s assets under management (AUM), or a combination of the two. Types of Advisor Fees: Flat Fee: A fixed fee charged for a specific service, such as a financial […]

Investment Advice Objective: To provide guidance and recommendations on investment strategies, asset allocation, and portfolio management. To help investors make informed decisions about their financial goals and risk tolerance. To ensure that investments are aligned with individual financial objectives and aligned with their overall financial plan. Process: Gather information: Collect data on the investor’s financial […]

Definition: Cross-selling is a sales strategy that involves recommending additional products or services to customers while they are making a purchase. It is a technique used to increase revenue and generate additional profit. How Cross-Selling Works: Identify Customer Needs: Observe customer behavior and purchase history to understand their interests and needs. Suggest Complementary Products: Offer […]