Name
Sumeet Savla, Proprietor at Radix Securities

Company Background
Radix Securities located in Bombay was started in April 2010 by Sumeet Savla, he previously worked at PayPal as a software engineer. Radix Securities is a wealth advisory firm that advises on stocks, mutual funds and insurance for NRI’s. His technology background has allowed him to develop his own stock screening algorithm which he uses to generate his buy and sell signals.  Even in these uncertain times, some stocks are hitting 52 week highs and that is where Radix Securities uses their algorithm to decide when to buy and sell. They maintain a medium (2 years) to long (10 years) term outlook on the stocks that they buy.

Benefits of MProfit Advisor
Some of the tools he uses daily include Excel, charting software and MProfit Advisor. Before using MProfit Advisor all of the client data was in Excel and it was very difficult to maintain. They started to use MProfit Advisor about a year back and have not looked back. Two features that Sumeet loves is the overall portfolio summary screen and the historical pricing report. With the portfolio summary screen he can view a clients holdings of all the various asset classes in a single view. With the historical pricing report he can now see what a clients portfolio was worth a month ago, 3 months or even a couple years ago. Some of his clients still like to receive monthly reports and the reports from MProfit are very easy to read and understand.

One thing they want to see in MProfit is the ability to generate a balance sheet.  Luckily, the team at MProfit is working on adding this feature to MProfit in the coming months.

The eBook is broken into 10 sections and really gives you some great tips and pointers about the IFA business. There is no doubt that only Manish and Nandish could have written such a fantastic eBook and that too for FREE!

If you ever get a chance to meet Manish and Nandish then you will know why they wrote the eBook…they truly love this field and are passionate about people getting the right information.

Their JagoInvestor website is one of the most visited websites for personal finance matters. Just take a look at any one of their articles and you will most likely see 100′s of comments.

In their eBook they mentioned MProfit Advisor and their comment was:

“…value for money where for a small price, you can manage huge number of clients…”

To get a copy of their eBook click on this link. To try MProfit Advisor click on this link.

Need to manage your families investments? FREE

Want to import your mutual fund transactions? FREE

Plan to import contract notes from over 200+ brokers? FREE

Need a capital gains report? FREE

I think you get the idea, basically everything in MProfit Investor is now FREE. The next logical question might be – How are we going to make money? As you might have noticed we have several other versions of MProfit that are paid and hence that is where we make our money. Enough about our finances, why don’t you download the FREE version of MProfit Investor and get YOUR finances in order!

Download a FREE version of MProfit Investor

We also support the Consolidated Account Statement (CAS) for mutual funds from CAMS, Karvy and Franklin Templeton. You can request a PDF file by going to the link below, then importing the PDF file into MProfit.

http://www.camsonline.com/

Directly import .zip and .cams files from CAMS & Karvy
No longer do you have to manually extract the file or rename it – we automate all that work for you. If the .DBF file format you receive from CAMS and Karvy are in a .zip or .cams format, you can select that file directly in MProfit to import it. (We currently don’t support the .kmfs extension you will still have to rename and extract those files and then import it into MProfit.)

Other Features
- Support for merger, demerger and splits in mutual funds (purchase prices and capital gains calculations are updated based on these actions)
- Cost inflation index updated for FY 2012-13 to calculate capital gains report with indexation
- Ability to add a single premium policy- Several bugs fixed

To Get the Update
Go to the Help menu option in MProfit and select “Check For Updates” then follow the instructions to get v9.1.5.

With version 9.1 two major features were added to MProfit Pro and Advisor: 1. Managing your Futures and Options (F&O) trading 2: MProfit Sync – a secure way of having clients view their financial transactions from their computer.

Managing Futures and Options (F&O)

The ability to manage a users F&O transactions has been requested quite frequently and the ease of use of importing and entering those transactions is unmatched. This new feature is available in MProfit Pro and MProfit Advisor. Prices are delayed by 15 minutes which is the same as the cash equity data feeds.

MProfit Sync – one click sharing

The number one request from Advisors has been the ability to share data with clients. MProfit Sync allows advisors to share data in a secure manner with clients. Once an advisor has imported the data into MProfit Advisor they simply click one button and the data is uploaded to the cloud and an email is automatically sent to the client.  The client then installs MProfit Investor and enters the information from the email and will see his financial information. For advisors, there is no easier way to provide access to their clients financial information

MProfit Messenger

Anyone using MProfit Pro and Advisor can send messages to all their clients with the built-in MProfit message system. This will allow people to send daily updates or other types of information to their clients in an easy and convenient way.

The Startup Guide for Independent Financial Advisors (IFAs) provides guidance on the tools and technology needed to start your own financial advisory firm or grow your existing business. More importantly, the products and services covered are free or very low cost as price is a major concern for any advisory company. The guide is broken into 5 parts:

1. Basic Setup – The minimum setup needed to start your advisory firm

2. Getting New Clients – Implementing a social media strategy to attract new clients and using customer relationship management (CRM) tools to track potential client leads

3. Financial Planning – Tools to create financial plans for your clients

4. Trade Execution – How to execute the recommendations on your clients behalf

5. Portfolio Monitoring – Methods to review and monitor the portfolios of your clients

Click to download The Startup Guide for Independent Financial Advisors (IFAs)

Name
Hansal Thacker, Director at Lalkar Securities

Website
http://www.lalkarsecurities.com/

Company Information
Lalkar Securities was started in the early 1980′s and has a pan India presence with a concentration in Maharashtra. They have offices in Pune, Delhi, Jodhpur, and Bangalore which are company owned and the rest are franchises.

Focus of the company
The main focus remains to be the wealth advisory business which requires a broking arm and a distribution platform to facilitate the business. Although many brokers talk about wealth advisory, very few can effectively deliver the performance that is required.

How is the industry changing?
The industry is shifting from “sales” to “skill”. Investors remain in the false assumption that  a buy and hold strategy would continue to grow their wealth. Unfortunately, with the wide spectrum of assets available the industry will be in need of investment specialists who can demystify, analyze and recommend products to their clients. Gone are the days when only HNI’s, trusts and corporate clients had advisors. In today’s volatile markets, everyone is in need of a Wealth Advisor.

Top 3 benefits of MProfit Advisor

1. Consolidation of asset classes – MProfit is one of the few products that can aggregate such as wide spectrum of investments products – stocks, mutual funds, insurance, PPF, EPF, ULIPs, FDs, ETFs, gold, silver, property, etc…
2. User friendly reports – clients can easily understand what the numbers mean
3. Comprehensive portfolio performance tracking – from the main summary screen you can easily see how the portfolios are performing

What is amazing about Manish is just several years ago he was busy writing software code for Yahoo in Bangalore. Then he started JagoInvestor.com and wrote many great articles about personal finance and turned it into a community. His ability to answer every question on the blog and reply to each and every comment is truly commendable.

I received the book a couple days ago and expected to skim a few chapters and tell Manish how awesome it was. However a strange thing happened, I ended up reading the entire book in a matter of 48 hours. I would not recommend you read the book in 48 hours instead take 2 months. Why 2 months? Because there are 7 chapters and I would advise you read one chapter every Sunday afternoon for the next 7 weeks.

At the end of most chapters he has a quick review section he calls “Flashback Learning” and more importantly he outlines a 2 hour action plan.  The 2 hour action plan is what the book is all about. Quit reading, talking and discussing, instead take some action in regards to your personal finances.

Some of the best bits of information from the book:

• page 90 – “You can never get excellent returns with safety in the SHORT TERM; that can only happen in the long term”
• page 128 – he shows a flowchart that I think everyone should make because it visually shows where YOUR money is going
• page 136 – A simple checklist of what your sample portfolio should look like, it’s all about simplicity

Overall the book is great for beginners and I would highly recommend you buy a copy of Jago Investor from Flipkart.

At MProfit we started 2012 with a bang, with the launch of latest version of MProfit Investor (v9.0). But in even bigger news is we launched our second product MProfit Advisor. MProfit Advisor was designed for companies, family offices, HNIs, CFPs, independent financial advisors (IFAs), insurance advisors, investment advisors and sub-brokers.

What’s new in MProfit Investor v9.0?
We have rebuilt MProfit Investor (download) to take advantage of the many new features we have planned for 2012 such as the ability to sync your data with advisors. In addition, you will be able to view your data on tablets and mobile phones (Android, iOS, Windows).

Some of the features you will notice right away:

• Bigger font size of the summary screen
• Many more import options have been added
• Capital gains report with or without indexation for debt mutual funds and FMPs

MProfit Advisor commercially available

Since the launch of our first product MProfit Investor we were receiving many requests from financial advisors, HNIs and family offices.  In 2011, we decided it was time to start working on a new product based on the feedback and what you see today in MProfit Advisor (download) is a result of  it.

MProfit Advisor we designed to be easy to use and cost effective. MProfit Advisor allows you to manage 100′s of portfolios, put your logo on reports, generate overall AUM reports and many other features. In the near future, advisors will be able to share data with their clients in an easy and secure manner.  At MProfit, 2012 is the year we plan to make managing money a very simple task.

Click for a summary of the features in MProfit Investor and MProfit Advisor.

1. Updated XIRR Report: Income column now includes only Income received as Pay-out. All dividend reinvestment and cumulative income are added in Current Value.

2. Import – We have added many more brokers to allow importing of contract notes from Antique, Concept Securities, Dalal & Broacha, Dani Shares, GEPL Capital, Integrated Master Securities, Pragya Securities, RK Global, Skyes & Ray Equities and many more. We have also updated many of the import options as well. (click for a current list of brokers)

How Do I Get The Update?

From the main menu select Help -> Check for Updates. You will need to restart MProfit to proceed with the update.

Please make sure that you have internet connectivity during this process and that your anti-virus software and/or firewall is not blocking the download.