New Delhi [India], July 19 (ANI/PNN): 1 Finance, a reimagined private financial institution, has tied up with Network FP as Growth Partner 2022-23. Mumbai-based 1Finance aims to take away the financial worries and stress of aspiring affluent Indians by providing qualified, unbiased, and hyper-personalized financial advisory services.
The company is collaborating with Qualified Financial Advisors (QFAs) to overcome the challenges advisors face for lead generation and acquisition, thus empowering them to help customers achieve financial wellness. A first-of-its-kind personal finance advisor ecosystem, 1 Finance Network participated in FP’s Financial Advisor Solutions and Technology (FAST) Summit which was held virtually on July 15 and 16, 2022.
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1 Finance Partner Operating System was launched at the summit, incorporating practical resources to provide clients with qualified, impartial and hyper-personalized financial advisory solutions. QFAs can meet new customers through the system and deliver an exceptional client experience through best-in-industry tools and resources backed by 1 Finance research.
Network FP is India’s online knowledge platform for financial advisors. They have a variety of programs and events designed to help financial advisors build and grow their practices with a client-first approach. This aligns with the goal of Transforming 1 Finance in the current financial advisory landscape. The company is here to serve crores of Indians and help them achieve true financial freedom. It is creating ecosystem for clients seeking qualified financial advice and advisors who can provide services to such clients.
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The initiative to collaborate with Network FP stemmed from 1 Finance’s objective to reach out to qualified advisors and invite them to build a financial advisor ecosystem together. 1Finance is building advisory committees across India consisting of a hand-picked panel of QFAs who are experienced financial advisors. The objective of these committees is to focus on creating awareness among the financial advisory community in India. They will play an important role in creating products and services based on 1 Finance by providing recommendations and valuable key insights. The first of these committees, 1 Finance Advisory Committee for Qualified Financial Advisers (QFAs) – Mumbai Chapter, was recently established in June 2022.
“Our partnership with Network FP will provide many like-minded professionals the opportunity to innovate with us and serve the emerging affluent segment of India,” said Keval Bhanushali, Co-Founder and CEO 1Finance. “The emerging affluent class will no longer be misled and mis-sold financial products, thereby transforming into a world that understands the importance of a sound financial plan and its impact on life. 1 Finance and Network FP will work together to grow the partnership. Leveraging technology at its best Shape the Indian financial planning industry by empowering advisors and clients at the same time.
We are here to reimagine the world of personal finance and solve real problems facing the great Indian middle class by building trust. Our mission is to remove barriers that both individuals and financial advisors face when it comes to investing and financial planning. We are achieving this by aligning the interests of stakeholders and our customers. Its first ecosystem, 1Finance, has been created to address the widening wealth gap that has existed for too long.”
Sadiq Nilgund, Founder & Director, Network FP, said, “1 Finance is building a unique ecosystem in the Indian personal finance space to help customers and investors access quality financial advice at affordable prices. The community values Growth Partners and its participation in FAST Summit, Financial Advisory Solutions. and focused on technology. Investors can benefit from the expertise of both mutual fund distributors and registered investment advisors.”
The partnership between 1 Finance and Network FP aims to help financial advisors use the Mumbai-based company’s predictive quantitative models and tools to recommend and execute appropriate data-driven financial operations, transactions and monitoring. At FAST Summit 2022, 1 Finance briefed advisors on how to effectively grow their client base with new-age technology solutions.
The two-day multifaceted event featured an array of themes covering wealth management and financial advisors and distributors adopting software and technology to expand their businesses and provide better customer service. It decodes the latest developments on various financial topics and how a technical stack can be built. The convention was attended by financial advisors and distributors among others.
1 Finance Pvt Ltd is a restructured personal financial institution providing qualified, unbiased and ultra-personal advice on personal financial matters to individuals including but not limited to assets, liabilities, income, expenses and insurance.
The Mumbai-based company is backed and advised by marquee investor Marwadi Chandrana Group, which was founded in 1995 and has marked its specialization in higher education with Marwadi University, retail financial services with Marwadi Financial Services and higher education including algorithmic and high-frequency. Dealing with Marwadi Chandrana Intermediaries Brokers Private Limited (MCIBPL).
1Finance is a first-of-its-kind ecosystem that provides financial planning and advisory solutions to India’s emerging affluent.
Network FP, founded in 2011, is a pan-India knowledge platform for personal finance professionals. Over the past 11 years, NFP has grown into a premier organization known for providing quality and practical educational solutions. Network FP’s range of initiatives includes membership, certification, events, workshops and training programs. The use of technology in delivering various programs is helping thousands of financial advisors across 100+ cities/towns to benefit from the initiative. Our vision is to empower over ten thousand financial advisors to help over one million families achieve holistic financial wellness.
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