Some amusing incidents…
A friend who heads wealth in a big branded organisation was sitting in his office…and I was one of the persons in the room when this happened. We were having coffee when his immediate assisstant came asking him to come along for a meet. My friend said all the right words..You must learn to make big calls, this bank encourages people to grow…and actually pushed him off alone.
I wondered why. I must have wondered aloud! He immediately said “I know too much about the product, market and the clients needs..if I go my body language will spoil the sale..but he may be able to bring the Rs. 10 crore cheque. Not bad I thought!
The second friend was talking to me about how one product – a pretty convulted mutual fund operating from Dubai with a choice of 350 fund schemes etc. I violently protested saying that putting away that kind of money over the next 3 years was not exactly my way of managing my money. Then I asked him whether there was any conflict of interest. He said only if you can prove that I have YOUR interest at heart, is there a conflict against my bank’s interest….Oh la la la I said.
But this one takes the cake!
Having spent a lot of time in a wealth advisory job. Collected contacts, established credibility, pushed products….now has quit and started own wealth advisory firm. The reason for creating own outfit has been given as ‘conflict of interest in the previous job’ – having spent 5 years there….!!
So, God bless!
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