If you are a defense person, you might stay for very long periods of time away from your home. There are times when your spouse and parents too do not know where you are. Should you give a Power of Attorney to do deals when you are away? Once you give a the power of […]
How much does it cost a financial planner to do your planning services? Or let us turn it on the other side – how much does it cost a financial planner to render financial planning services for you? For this you need to know what are the costs that are incurred by a financial planner […]
Met a few defence personnel and asked them ‘what their financial challenges were’. Based on the maximum time spent on the topic, here is the list of problems. I am doing this post so that the people reading this can add their comments..and enrich this post! Not knowing where to turn for financial advice. Banks […]
Some of these questions and client behavior situations stump advisers: Too much importance to form, and nothing to substance: Many (if not most) clients like pie diagrams, comparative performance, what is happening in the world report – but actually have no substance. Not knowing what to look for in an agent: clothes, perfume, location of […]
Why is the Advisory practice far more risky today? Simply because of the media noise. Also there are too many players with poor knowledge but far better marketing skills. This means that if there is an adviser who removes the sheen from the advice there is likely to be no respect for the person. Let […]
When I meet IFAs -generally for training them, I am asked this question: – should we have a website facilitating transactions and – should we have a presence in the social media. Frankly I refuse to believe that there is an easy answer to both these questions. Let me make an honest attempt. If you […]
There is too much venom these days against the IFA. Not that I have not ripped them apart in my blog, but he/she has a very important role to play. I will try to say some of the things that an IFA can/ should do for the client. Whether they are equipped to, is a […]