Why I Became a Financial Advisor
In 2008, I was managing a hedge fund when a few of my relatives and family friends approached me for advice. They were concerned that the market was dropping and that they would not be able to afford retirement after working and saving diligently for decades. I started helping them during my non-work hours and eventually had a crisis of conscience.
I realized that in helping them, I felt a far greater sense of purpose and impact than I ever felt from my everyday job. I also realized that while I could help them and put them on a better trajectory, I wish they would have spoken to someone like me a decade or two earlier because had they been doing the right things all along, they would have already been on a significantly better path than they were at that time.
That experience made me commit to becoming a fiduciary advisor and serving clients who are just starting out through those well into retirement.
Sound financial decision-making often involves making decisions without all the information that we would want. Looking at examples of how others solved it or coming up with unique ways to address the problem helps drive better decisions.
It is easy to lose sight of the long-term plan with the ups and downs of the market and day-to-day life. Our responsibility is to help you maintain focus on the things you can control to improve your long-term outcome.
Being too close to a situation especially when a decision may be emotional can often cloud judgement. Having a trusted third party to sort through the issues provides clarity and guidance when it is needed most.
“Money’s greatest intrinsic value — and this can’t be overstated — is its ability to give you control over your time.”
— MORGAN HOUSEL, THE PSYCHOLOGY OF MONEY
Nirav Batavia serves as Co-Managing Partner of Forum and Co-Director of Forum’s Investment Committee as well as Chief Technology Officer. His 18 years of experience in the financial services industry include five years at Citigroup managing a $1 billion fixed-income portfolio as trader and portfolio manager. He also co-founded an $80 million fixed-income hedge fund in 2008.
Nirav’s experience with entrepreneurial and social media companies includes positions as vice president of interactive marketing and social media specialist for NutshellMail, acquired in 2010 by Constant Contact. He is currently also the CEO of Owl Technologies, a technology service provider for advisors that provides clients with a better and more efficient financial advisory experience. Nirav is a CFA® charterholder. He graduated from the Wharton School of the University of Pennsylvania with a bachelor’s degree in economics with a concentration in finance and from Penn Engineering with a bachelor’s degree in electrical engineering. Nirav earned his MBA from The University of Chicago Booth School of Business with concentrations in entrepreneurship and accounting.
MY ARTICLES & INSIGHTS
A PERSONAL APPROACH
Tell Us About Your Financial Life and Aspirations
Your experience begins with an initial meeting to identify your financial vision for the future and risk tolerance levels. We review our investment philosophy and approach with you so that you fully understand each milestone of our process and how our relationship will evolve over time.
Discuss Topics Crucial to Your Financial Success
Over the course of the next few meetings, the content and breadth of each meeting is defined by your personal needs. We can review your estate planning and risk management needs, discuss retirement accumulation or distribution planning, evaluate educational funding needs, review your tax situation, and go over any other items crucial to your financial success.
Develop a Strategic Plan Unique to You
Once you select an allocation, we put together a strategic implementation plan that will coordinate investment of your portfolio between qualified (tax-advantaged) assets and non-qualified assets in order to maximize tax efficiency. The topics we address during our time with you vary depending on your unique needs and situation.
Putting Your Plan Into Action
We establish your Forum account based on the portfolio allocation we discussed and what we learned about your risk tolerance and financial goals. With your new Forum account now in place, you will have the opportunity to access your Forum Client Portal for the first time and connect with members of the Forum Client Service team.
Review Goals and Plans When Your Life Changes
You will receive reporting that will clearly show your performance net of all fees and compared to applicable market indexes. Additionally your assets are held at a reputable third-party custodian that furnishes independent monthly reports so you can feel confident about the safe handling of your money.