The mutual fund industry (and the life insurance industry too) sell its products through banks and Independent financial agents. Sadly no mf or insurance company takes enough trouble to understand this animal called the IFA. So they are categorized on just one basis – the amount of assets that they gather. This is wrong and […]
I am not getting into the legal part of who is a financial planner, who is a mutual fund distributor, etc. I am assuming that you have an individual who is helping you invest in direct shares or mutual funds or a combination of financial and real assets and you need to know what to […]
When people hire a financial planner or an IFA/ RIA most of the times they do not know what to expect. Most of the advisers too do not tell them what they should expect. This is not a good situation for a good relationship to develop….so go and ask him this…. Which is your best […]
Luckily my ‘work’ involves meeting doctors. Physicians, Surgeons, dentists, …and all of them. It is obvious that I chat up with them and find similarities to investment counselling. Read on… So a senior doctor – with about 45 years of clinical practice – tells me..’as I got on in years, I realized that communicating well […]
Most IFA that I have met work with people in the accumulation stage, or people who have a huge surplus. So in many cases, the mistakes of the IFA or the client will not matter – the corpus is so huge, that lifestyles do not change. However, going forward we will work with people who […]
My training takes me across the country and meet many IFAs. Of course I meet employees in banks, mutual fund, IFA, …and thus an amazing range of people. Here is a brief summary of some amazing learning… Obviously all of them started as Life Insurance agents – well most of them anyway They took to […]
It is very difficult for an adviser (financial, health, education…) to build credibility. In an industry where there are so many fly by night operators (the 97% of them get the 3% of us a bad name)…how does one build credibility? Well the following have worked for many of the advisers that I have met… […]