Simon Nelson is a financial advisor, certified financial planner and global financial analyst. IIFP provide Financial education in India and other countries.
The power of the internet is so huge that the whole country is being benefited by it. Whether it is the agricultural revolution for the farmer to get a better produce price; or the revamping of the whole metro skyline by the IT companies, internet has become an integral part of the country's growth and development.
One of the biggest advantages of the internet is the proliferation of knowledge to various parts of the country. The ability to get knowledge on demand is one of the best things that can happen to the intellectual property of a country, and India is already reaping the benefits of an internet based knowledge centre where learning is just a click away.
Distance education models have long since shifted onto the internet, and even high profile institutions like XLRI and IIMs are now offering their courses via the net.
However, one of the key educational revolutions in the recent times is that of wealth management courses. With the sudden inflow of a lot of funds into India and the meteoric rise of the wealth at disposal, the whole country has been affected by a splurge, and wealth management courses are seriously in demand today. The nice thing about India is that its people are ready to learn, and that has been proven time and again. Whenever there is a new course or a new learning for a technology, Indians have been at the fore front of the learners lists. The same holds true for wealth management training courses too. There have been tens of thousands of Indians who have benefited from the training offered by various leading institutes such as IIFP.
The importance of the courses is reflected by the simple fact that the leading wealth management courses providers in the country even have a diploma in wealth management. When we looked up the cross section of people who were enrolling for the program, we were surprised to find an equal percentage of finance professionals and normal people. It is understandable that the financial professionals (certified financial planner) do a wealth management training course, as it adds value to their resume and to their career. However, it was truly heartening to find a lot of ordinary people - business men, employees and house wives - enroll for the course, as it would help them plan their financial lives!
It is that kind of a planning that has saved India when most of the world has been crushed by the current financial collapse triggered by the US sub prime crisis. The best wealth management institutes would ensure that the trainee is fully empowered to take decisions - whether on his own behalf or some one else's - during unforeseen situations like these.
Wealth management courses are of various kinds too. From the basic course for home planning to professional wealth management courses, they are all on offer, and they certainly are the need of the hour in a country where disposable income is on the rise, and will be for the next several years!
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