Hiten Shah Financial Advisors
Emerging Brand : Hiten Shah(Hiten Shah Financial Consultant)
At 30, “HITEN SHAH”,The most trustworthy Brand,well-known figure across the Globein Financial Fraternity!!!
When asked why he preferred to have his name for his consultancy answering, very wittily, Hiten said ''People know me or refer my name as “Array woh Physical share, Dematmein convert karenewala Hiten Shah?” and this very punchline has made me the most trusted brand in this financial precinct. Today, I'm one of the few specialists in India and the only one in Pune*, who converts physical shares into Demat and that is our USP.'' Hiten Shah, a well-known Financial Advisor in Pune, forayed into financial field in 2009. Having very little competition in the niche he has chosen to specialize in, Hiten at 30, is already a well-known figure across the globe. He is a Past Director on the Board of Pune Independent Financial Advisors Association (PIFAA) also an active member of Rotary, JITO, CII, and YI. Etc.
While elaborating on what financial services he offers, Hiten explained that ''I've a Stock Broking Business along with it I also advise other investment products like Mutual Funds, corporate FD's', Insurance, IPOs etc. We suggest clients these options because though they are risky but they are beneficial for tax payment also it fetches good rate of interest in the long term. Along with this we Specialize in Converting physical shares into Demat which is our USP , Addition /Deletion of Name , Change in the name on the certificate, Signature mismatch, Split / Consolidation of shares ,Get indemnity cum affidavit if both or single holder expires , Claim Pending dividends, Issue Duplicate share certificate , if Lost. Accomplishing and procuring all these legal documents is a very lengthy, tiring and a complicated procedure. We get all of these completed in the correct formats, making an extra effort because it not like making Daily Cup of Tea. Many times, they get surprised to see that what they were on Verge of writing off as worthless share certificates. Once they are properly dealt with and the shares finally get credited into the Demat accounts, clients are very happy to see so much more wealth in their portfolios, which they hadn't accounted for, at all.
Till 31stMarch 2019 we Have Converted Physical Shares worth 150+cr to Electronic Form and have Claimed Dividend of about 1 crore.
When asked How he Gets Clients , Hiten Said We get referrals from Stock Brokers, IFAs, CFPs, Direct Marketing etc. who send their clients to us for this service, because they know that we will successfully unlock value for their clients.“ While talking about the changes that have taken place in the financial services Hiten explained “Yes, lot many. There's a regulatory system called SEBI. which keeps control about the transparency in transaction. Clients themselves can see that where their money has been invested. And with the help of electronic media, transaction is just a click away. Even we have to continuously upgrade, update and keep abreast ourselves with the latest changes in this field by appearing for the exams of Stock Exchange and SEBI, to get certification for the eligibility otherwise our licence stands cancelled.
When asked how he maintains client relationships and gains trust of his clients Hiten said, ''My business has expanded by the virtue of my more than 1500+ satisfied, trusted clients and through their reference. We act a Financial Advisor in most of Pune based Listed companies. As a financial advisor, it is important that I gain the trust of my clients, so I regularly set up a face to face meeting to resolve their concerns, update them, and promptly address their concerns, priorities and needs as their money is important. We have a six-monthly update and communication meeting, where we review their portfolio with their feedback to enhance our services qualitatively. We also organise an Annual get together for all our client after the Union Budget, where we invite experts, who Guide, and advice and brief them about the financial scenario and the future investments.
While speaking about his targets and achievements he said, 'This financial year FY 19-20 we're expecting shares to be Dematted worth Rs.20 cr. in years' time. And to speak about my achievements, I have been awarded as “Young Entrepreneur of The Year and “Service Excellence Award by CNBC TV18. I also HoldIndia Book of Record Holder for ''Most Physical Shares converted into Demat mode across India”.
I've bagged MFRT SANMAN, award amongst 2500 Independent Financial Advisors in2014. And very soon our Name will be Included in“GUINNESS BOOK OF WORLD RECORDS” for successfully converting maximum number of physical shares into Demat Account.
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