Finerva Financial
to expand network
L.N. Revathy
Coimbatore, Jan. 17
Finerva Financial Solutions,
which imparts training in fi-
nance, is set to expand its of-
fice network into Bangalore
and Chennai by April.
Its Director (Sales), Mr
Pradeep Yuvaraj, told Busi-
ness Line that the year-old
company established its first
branch outside Coimbatore in
Pune in October 2006 and
would soon be branching out
into other potential locations.
“The concept of managing
finance is not well under-
stood by the youngsters to-
day. They earn huge sums but
quite do not know how to
manage the same. At Finerva,
we create awareness about
the various investment ave-
nues, which in turn helps in
wealth creation,” Mr Pradeep
said.
Stating that the company is
a neutral agency, he said “we
only train individuals to man-
age their earnings. We are
neither into wealth manage-
ment services nor do we offer
advice on investment in a par-
ticular scheme or product.
We explain the entire range
of products and offers under
the various schemes and
leave it to the individuals to
plan their investments,” he
explained.
When asked the need for
such counselling particularly
when the awareness levels
are much higher than before,
he said “most youngsters do
not have the time to under-
stand the implications of a
scheme or product. Since
their disposable income is re-
ally sizeable, they fail to plan
or budget their earnings
properly and invariably end
up in huge debt. Even when
they plan to invest, they are
content if a representative
takes care of the investment
process while they just sign
papers without going through
the fine print,” Mr Yuvaraj
observed.
On his expansion plans, he
said the company was looking
for angel investors.