The book aims to clarify and focus on the critical areas of investment advisory, enhancing the overall quality of services in the financial industry. It discusses various critical topics such as insurance planning, understanding different insurance products, and essential aspects of risk management. Additionally, the discussion includes retirement products, detailing their features and the pivotal role of Investment Advisers in effective retirement planning.

Much of the book is dedicated to the intricacies of estate planning, including exploring various estate planning tools and the important tax considerations of different financial securities. Moreover, it emphasises behavioural finance’s influence and risk profiling’s significance in delivering comprehensive financial advice. In other words, the discussion is focused on topics such as:

• [Know the Aspects] of the following:
  • Insurance Planning
  • Insurance Products
  • Risk Management
  • Taxation Aspects of Different Financial Securities
  • Role of Behavioural Finance
  • Risk Profiling in Providing Financial Advice
• [Understand] the following:
  • Various Retirement Products and their Features
  • Role of Investment Advisers in Retirement Planning
  • Important of Estate Planning
  • Role of Estate Planning Tools

The Present Publication is the August 2023 workbook version, published exclusively by Taxmann for NISM Certification Examination X-B | Investment Adviser (Level 2), with the following contents:

• Risk Management and Insurance Planning
  • Basics of Insurance
  • Life Insurance Products
  • Non-Life Insurance Products
• Retirement Planning
  • Retirement Planning Basics
  • Retirement Products
  • Miscellaneous Aspects of Retirement Planning
• Taxation
  • Concepts in Taxation
  • Capital Gains
  • Income from Other Sources
  • Taxation of Debt Products
  • Taxation of Equity Products
  • Taxation of Other Products
  • Tax Provisions for Special Cases
• Estate Planning
  • Basics of Estate Planning
  • Tools for Estate Planning
• Behavioural Finance
  • Basics of Behavioural Finance
  • Behavioural Finance in Practice
• Comprehensive Investment Advice
  • Risk Profiling for Investors
  • Comparison of Products Across Categories
• Case Studies
  • Practical Case Studies with Solutions