Employee Spotlight: Nermin Farag

Updated:
October 28, 2022
  1. Describe your education and or designations

Bachelor of Arts- Tourism Guidance (Egypt), more than 4 years of experience in Human Resources and 5 years as an Operations Manager.

  1. When did you join Scrivens full-time?

May 19, 2022

  1. What is your favourite thing about your role?

Helping clients get their benefits in a fast and efficient pattern and offering a unique service.

  1. What do you like most about working at Scrivens?

I enjoy working at Scrivens, I learn a new thing everyday. It gives me a place to grow and feel confident.

  1. What has been your favourite project at Scrivens?

I am studying to get a life insurance license and that is totally new for me.

  1. What is one career lesson you have learned so far?

Nothing is impossible, just do it the right way.

  1. Any other comments about your time at Scrivens?

Friendly, professional environment.

  1. Do you have any nicknames?

Nouna

  1. What is your favourite travel destination?

Anywhere with a beach

  1. Favourite quote?

Optimism is a happiness magnet. If you stay positive, good things and good people will be drawn to you.

  1. What is your hidden talent?

Cooking

  1. Do you have any pets? 

No

  1. Where did you grow up

Cairo, Egypt

  1. What is your favourite hobby?

Swimming, paddle boarding

‍

FAQs

What is financial advising?

Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.

Why is financial planning important?

Financial planning is crucial for several reasons:

Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.

Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.

Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.

Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.

Can financial advisors help with debt?

Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.

What exactly does a financial advisor do?

The specific responsibilities of a financial advisor can vary, but generally, they:

  1. Conduct a thorough analysis of a client's financial situation, including income, expenses, assets, and liabilities.
  2. Develop personalized financial plans based on the client's goals, risk tolerance, and time horizon.
  3. Provide investment advice and portfolio management services.
  4. Offer guidance on retirement planning, estate planning, tax planning, and insurance.
  5. Monitor and adjust financial plans as needed based on changes in the client's life or market conditions.
  6. Educate clients on financial matters and empower them to make informed decisions.
What is the average fee for a financial advisor?

The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.

Common fee structures include:

Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
‍
It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.