How Visionary Financial Advisor Sandeep N Setty is Shaping a Culture of Giving
Sandeep N Setty is a prominent financial advisor who manages assets worth thousands of crores for some of the city’s wealthiest individuals.
As the financial architect for Bangalore's elite, he's
While many know him for his expertise in financial advisory, only some are aware of his tireless efforts to enhance the lives of underprivileged children through education. For Setty, philanthropy is not a side endeavor but a core principle that guides his actions and interactions.
Driven by a profound belief in the transformative power of education, Setty has dedicated substantial resources and personal energy to improving educational opportunities for children in need. His commitment is reflected in numerous initiatives aimed at providing quality education to those who might otherwise be deprived of it. Setty’s efforts are proof of his belief that knowledge is a powerful tool for social change, capable of breaking the cycle of poverty and creating opportunities for a brighter future.
Yet, Setty’s philanthropic impact does not end with his personal contributions. He is passionate about encouraging others to embrace philanthropy as a central aspect of their lives. Recognizing the profound difference that collective efforts can make, Setty works diligently to persuade his clients and peers to adopt a philanthropic mindset. He is convinced that even modest contributions can create powerful ripples of positive change in a country with millions in need.
Sandeep N Setty says part of estate planning involves creating a meaningful legacy. Many people wish to leave a mark on the world and be remembered in a specific way. Estate planning allows you to establish a charitable structure that can benefit future generations. As the owner of this plan, you can decide how to structure it and how long you want to fulfil your charitable goals. Studies suggest that most people want to donate to charity in some form, and often, this desire surfaces after their death. Charitable planning is a crucial aspect of estate planning, and it is our role as advisors to bring this topic to our clients' attention and let them decide if they wish to pursue it.
Setty’s advocacy for philanthropy is not merely theoretical. He actively engages his multi-billionaire network, urging them to leverage their resources for the greater good. His influence extends into the highest echelons of wealth, where he champions the cause of philanthropy as an essential component of responsible and impactful living. By fostering a culture of giving among his clients, Setty aims to build a community of philanthropists dedicated to making a difference.
Why might clients want to engage in charitable giving? One significant issue is that families often overlook the fact that failing to incorporate societal contributions into their planning can result in long-term loss of wealth. Therefore, integrating philanthropy into estate planning is essential. Giving back to society can enhance your own wealth. If society feels you are contributing positively, you will likely see rewards. On the other hand, if society perceives a lack of contribution, you might experience a loss of wealth. Hence, it is essential to include philanthropy and charity in your estate planning strategy.
Remember the concept of karma: the good deeds you perform will eventually come back to you!
His approach to philanthropy is grounded in the belief that true wealth is measured not just by financial success but by the positive impact one can have on society. Setty’s vision is to create a legacy of giving that inspires others to follow suit, amplifying the impact of individual efforts through collective action.
Sandeep N Setty’s golden rule is to ensure that every client he works with is introduced to the concept of philanthropy, reflecting his deep conviction that it is a cornerstone of peacebuilding. By weaving philanthropic principles into his financial advisory practice, Setty guides clients toward strategic wealth management and illuminates the profound impact of giving.
He emphasizes that philanthropy is more than a charitable act; it is a powerful force for fostering harmony and creating positive societal change. Through this approach, Setty aims to inspire his clients to view their financial success as a means to contribute to a more peaceful and equitable world.
Sandeep N Setty emphasizes that these three benefits of philanthropy can never be ignored:
- Positive Social Impact: Philanthropy directly addresses critical societal issues and drives significant improvements in communities. By supporting causes such as education, healthcare, and environmental sustainability, philanthropic efforts create meaningful change and foster a better quality of life for those in need.
- Personal Fulfillment and Purpose: Engaging in philanthropy provides individuals with profound personal satisfaction and a sense of purpose. It allows them to align their actions with their core values and passions, making their success feel more rewarding and impactful.
- Inspiration and Influence: Philanthropy has the power to inspire others and set a precedent for generosity. When people see the positive effects of giving, they are encouraged to contribute to causes they care about, generating a ripple effect that magnifies the overall impact and fosters a culture of kindness and support.
