Comments on: Financial advisors: The other side http://www.subramoney.com/2009/10/financial-advisors-the-other-side/?utm_source=rss&utm_medium=rss&utm_campaign=financial-advisors-the-other-side Personal Finance Fri, 30 Jul 2010 08:26:25 +0530 http://wordpress.org/?v=2.9.2 hourly 1 By: mansoor panjwani http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1776 mansoor panjwani Wed, 14 Oct 2009 15:15:40 +0000 http://www.subramoney.com/?p=2398#comment-1776 sukumaran I think you are trying your best to prove your point, but fact would remain fact, reality would reality, how hard you try you cannot change the facts and reality in the world of CA's. I think you are into recruiting business, you will get around 30% from employer willing to pay 16% to subra sir. If i can poach bright and experienced CA from a world class company, and transfer it to the rival company, me as a middleman or in the financial lingo 'intermediary' would earn millions-welcome to the world of recruitment business. Can you please teach me how to use smile icon from my desktop. sukumaran
I think you are trying your best to prove your point, but fact would remain fact, reality would reality, how hard you try you cannot change the facts and reality in the world of CA’s.
I think you are into recruiting business, you will get around 30% from employer willing to pay 16% to subra sir.
If i can poach bright and experienced CA from a world class company, and transfer it to the rival company, me as a middleman or in the financial lingo ‘intermediary’ would earn millions-welcome to the world of recruitment business.
Can you please teach me how to use smile icon from my desktop.

]]> By: sukumaran http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1774 sukumaran Wed, 14 Oct 2009 05:34:02 +0000 http://www.subramoney.com/?p=2398#comment-1774 Will you allow me to put "Wanted CA ads" on your site please? Will pay you on recruiting - willing to pay 16% of CTC or a flat Rs. 100,000 per candidate recruited!! :) Will you allow me to put “Wanted CA ads” on your site please? Will pay you on recruiting – willing to pay 16% of CTC or a flat Rs. 100,000 per candidate recruited!! :)

]]> By: Ravinder Makhaik http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1770 Ravinder Makhaik Tue, 13 Oct 2009 13:35:48 +0000 http://www.subramoney.com/?p=2398#comment-1770 Subra, You have cleverly thrown a bait at the readers and now sitting back and enjoying the heated debate over the comments offered, which are self-explanatory about the contentious topic. Subra,

You have cleverly thrown a bait at the readers and now sitting back and enjoying the heated debate over the comments offered, which are self-explanatory about the contentious topic.

]]> By: Dr Mohammed Ali Khan http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1763 Dr Mohammed Ali Khan Mon, 12 Oct 2009 10:38:00 +0000 http://www.subramoney.com/?p=2398#comment-1763 Thanks Mr Sukumaran Now Im able to understand what Subra is trying to tell us for a long time.. I will try to get the services of one.. Thanks Mr Sukumaran
Now Im able to understand what Subra is trying to tell us for a long time.. I will try to get the services of one..

]]> By: sukumaran http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1762 sukumaran Mon, 12 Oct 2009 08:11:14 +0000 http://www.subramoney.com/?p=2398#comment-1762 Dr Khan this is what Subra calls generic advice. You need a financial planner to help you to tons of other things. Believe me, a good financial planner is worth his weight in gold. I have one - because i understnd the cost of not having one. Mr. Mansoor we do source from your institute (if you are curious I am a member of 3 insititutes in India and one from E&Wales). We currently employ 50+ CAs, and constantly looking in @ mumbai, pune and new delhi. We source from the CA institute, but the process is difficult. We start on a salary of 4 for inter and 5-7 for qualified CAs depending on their a/cing skills, and communication skills. I drink tea in the roadside stall AND in 5* hotels. This is the last mail from me on this topic Dr Khan this is what Subra calls generic advice. You need a financial planner to help you to tons of other things. Believe me, a good financial planner is worth his weight in gold. I have one – because i understnd the cost of not having one. Mr. Mansoor we do source from your institute (if you are curious I am a member of 3 insititutes in India and one from E&Wales). We currently employ 50+ CAs, and constantly looking in @ mumbai, pune and new delhi. We source from the CA institute, but the process is difficult. We start on a salary of 4 for inter and 5-7 for qualified CAs depending on their a/cing skills, and communication skills. I drink tea in the roadside stall AND in 5* hotels. This is the last mail from me on this topic

]]> By: Dr Mohammed Ali Khan http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1760 Dr Mohammed Ali Khan Mon, 12 Oct 2009 06:02:31 +0000 http://www.subramoney.com/?p=2398#comment-1760 "Let us say he is a straight forward person and he says invest money in an index (etf) and take a term insurance. This is honest advice." Thanks Subra.. I got advice worth thousands of rupees for free.. “Let us say he is a straight forward person and he says invest money in an index (etf) and take a term insurance. This is honest advice.”
Thanks Subra.. I got advice worth thousands of rupees for free..

]]> By: mansoor panjwani http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1759 mansoor panjwani Mon, 12 Oct 2009 05:57:41 +0000 http://www.subramoney.com/?p=2398#comment-1759 i mean "source of spending" in my comments i mean “source of spending” in my comments

]]> By: mansoor panjwani http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1758 mansoor panjwani Mon, 12 Oct 2009 05:53:53 +0000 http://www.subramoney.com/?p=2398#comment-1758 Dear sukumaran, 99% of India population drinks 3 rupees tea with their hard earn money, rest 1% spends 397 in oberoi, i dont want to get into discussion about the source spending. I am talking about 99% of chartered accountants, mathematically its large in population, 1% are lucky enough to find companies like satyam,global trust bank,lehman brothers who pays them hefty. As per the media reports satyam paid PWC rupees 3 crores audit fees. My point was about fresh CA'S and not with the experience of 10 years. Coming to your requirement if u really need a CA [i guess it is not ], just forward a circular about your requirement to nearst CA institute and then please let me know how many CV's u got. I know your requirement is just hypothetical. bye Dear sukumaran,
99% of India population drinks 3 rupees tea with their hard earn money, rest 1% spends 397 in oberoi, i dont want to get into discussion about the source spending.
I am talking about 99% of chartered accountants, mathematically its large in population, 1% are lucky enough to find companies like satyam,global trust bank,lehman brothers who pays them hefty.
As per the media reports satyam paid PWC rupees 3 crores audit fees.
My point was about fresh CA’S and not with the experience of 10 years.
Coming to your requirement if u really need a CA [i guess it is not ], just forward a circular about your requirement to nearst CA institute and then please let me know how many CV’s u got.
I know your requirement is just hypothetical.
bye

]]> By: subra http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1757 subra Mon, 12 Oct 2009 03:28:14 +0000 http://www.subramoney.com/?p=2398#comment-1757 I completely rest my case. Professionals decide what they want to charge - the client decides only for a few. I know a Fitness trainer who charges Rs. 35k a month. No arguments. I know a gym which charges Rs. 200 for a massage. Same GUY gives massage in another gym which charges its customer Rs. 950 for the same. Perception, geography, pricing...I know one CEO who pays Rs. 50k for maintaining his a/cs (he is salaried but wants his I&E, net worth,...etc. on a regular basis (his salary is Rs. 2.4 crore). His Exec Director gets it filed FOR FREE by his outsourced Internal Auditor. Any comments? I completely rest my case. Professionals decide what they want to charge – the client decides only for a few. I know a Fitness trainer who charges Rs. 35k a month. No arguments. I know a gym which charges Rs. 200 for a massage. Same GUY gives massage in another gym which charges its customer Rs. 950 for the same. Perception, geography, pricing…I know one CEO who pays Rs. 50k for maintaining his a/cs (he is salaried but wants his I&E, net worth,…etc. on a regular basis (his salary is Rs. 2.4 crore). His Exec Director gets it filed FOR FREE by his outsourced Internal Auditor. Any comments?

]]> By: sukumaran http://www.subramoney.com/2009/10/financial-advisors-the-other-side/comment-page-1/#comment-1756 sukumaran Mon, 12 Oct 2009 03:19:37 +0000 http://www.subramoney.com/?p=2398#comment-1756 Some CAs are from Mars and some from Venus! I do not know mansoor is talking about which planet, but I cannot get decent first class CAs (having done their Bcoms too), speak decent English, MS office skills for less than 6-7 lakhs as a start salary. By the time they are 30 they do hit 10 if not 12L. Currently I am looking for a CA (finance and accounts) aged 35 with MNC experience (MNC articles would be great) and willing to pay Rs. 30L - and cant get it :). So perhaps like Tea which is available at Rs. 3 on the footpath, it is also available at 397 @ The Oberoi? Tea is tea...after all? Hey Mansoor good CAs come at a particular price - but there are so many CAs are they not? Some CAs are from Mars and some from Venus! I do not know mansoor is talking about which planet, but I cannot get decent first class CAs (having done their Bcoms too), speak decent English, MS office skills for less than 6-7 lakhs as a start salary. By the time they are 30 they do hit 10 if not 12L. Currently I am looking for a CA (finance and accounts) aged 35 with MNC experience (MNC articles would be great) and willing to pay Rs. 30L – and cant get it :) . So perhaps like Tea which is available at Rs. 3 on the footpath, it is also available at 397 @ The Oberoi? Tea is tea…after all? Hey Mansoor good CAs come at a particular price – but there are so many CAs are they not?

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