Many organisations have a designation called the ‘Wealth’ manager. I have often wondered about the enormity of this task. You really have to be a friend of the client and you actually need only about 30-40 clients of good size to make a decent living. How is a wealth manager different from a Financial Planner. […]
A friend asked me to see value research online – and see the lead story on why you should distrust your adviser. I was amused because ‘How to select a financial adviser’ is a topic with which I have often grappled for and on behalf of many friends. Let us take a typical ‘media’ answer […]
Though I do not claim to help in reducing investor ignorance or awakening the investor…somewhere I guess it must be happening. Other blog writers like Ranjan Verma, Deepak Shenoy, and Manish Chauhan are all people with whom I have had conversations from time to time, and frankly there seems to be no ‘business model’ in […]
Why doctors need to maintain accounts… Doctors are almost mortally scared of accounts and accountants. They love money, but hate accounting – especially the details. Hey Doc, understanding a balance sheet does not mean you need to know HOW to make it. After all to enjoy an omlette you need not lay an egg! First […]
If your financial planner told you “The longer your time horizon, the more stocks you should own”. You need to tell him “Time isn’t everything. You must also consider I am a broker in the life insurance business!” It’s one of the basic rules of thumb: The more years you have to recoup losses, the […]
If on your way to prosperity you have accumulated many advisers how do you ensure that they are on the same page? Let me tell you the woes of one of my friends. Typically he has 3 Relationship Managers, one I F A, one Portfolio Manager, one C A who files the Income tax returns. […]
Once you start writing, talking, hosting a program about finance you become a finance expert. So without naming anybody you now know who are the financial experts to whom this country turns to. For example all channels now know what is wrong with Indian cricket – though of course none of them knew before the […]