Comments on: Financial Adviser: Cheated!

By: Srikanth Matrubai

Srikanth Matrubai — Sat, 16 Jan 2010 15:22:19 +0000

Subra Sir, You have hit the nail on the head. This happened to me too. I had this client who wanted to invest Rs.1 crore in ’safe’ asset yet get more than Bank Fd(8%). I gave him in writing and he coolly made a neat Rs.1 lakh extra in a year., yet he gave me the only the minimum of Rs.500 when actually my fees (in writing) I asked was Rs.3000/-.

By the way, I am eagerly waiting for you book ‘Retire Rich – Invest Rs. 40 a day’. book me a copy!!!

By: Bhars

Bhars — Mon, 14 Dec 2009 04:53:18 +0000

Didn’t realize about your upcoming book. Look forward to reading it.

Thanks for sharing with us.

By: Manish

Manish — Sat, 12 Dec 2009 12:02:52 +0000

Nice points .. I would like to add one if it adds value

Tell them what kind of clients you like to work with .. if you are emailing them your fees and clients doc , have a section which says “What kind of clients i like to work with” and be genuine .. Some times even Financial Planners have to be careful with what type of clients they are working for

Thoughts ?

Manish

By: CA Sukumaran

CA Sukumaran — Sat, 12 Dec 2009 10:32:11 +0000

Agree partially on the post. Wealth creation can happen only if a good client gets a good adviser. Many advisers do not understand what they are speaking. Many clients are ego driven, listen to too many peopl and get confused.

So when a confused customer meeds a confused adviser…disaster is waiting to happen, and it happens.

Subra how do you manage do do one post a day..I am stunned at the regularity of the post. Agree with Dr. Khan waiting to buy the book – please price it at < Rs. 500. To me it is a price bar – but yours I will buy even if it is higher!

By: BDN

BDN — Sat, 12 Dec 2009 08:54:02 +0000

Subra,
the Ist thing I do on the morning when I log onto the laptop — > check the Subramoney site… It’s an addiction ( for the better … this time). We like things free and making the customer ( be it educated or literate) pay for the financial advise is a huge ask. So not surprising to read the posts of this kind.

By: HM

HM — Sat, 12 Dec 2009 07:48:40 +0000

Subra sir, i know a person who curses my IFA till date & me because i referred him. He went to the IFA & put to execution only the first step of the plan making losses in equity funds in Jan 2008 & ignored the rest of the plan.

Another lesson, never refer an impatient & egoistic rich person to your good IFA.

By: Dr Mohammed Ali Khan

Dr Mohammed Ali Khan — Sat, 12 Dec 2009 07:45:34 +0000

@ Srikanth
I told subra the other day that he is underestimating himself..
(He was saying that no one will read his books)
There a lot of people (like me ) who start their day with a cup of hot coffee and subramoney..
Looking forward to all his books..

By: subra

subra — Sat, 12 Dec 2009 03:28:35 +0000

Will take this as a compliment to my writing skills and a kick in the butt to my business skills! However writing a blog can be a precursor to a book! by the way my book ‘Retire Rich – Invest Rs. 40 a day’ should hit the market in 2010. Hopefully moneycontrol will push it hard in the retail space…u can find it in Odysey or Crossword!

By: Srikanth

Srikanth — Sat, 12 Dec 2009 03:08:23 +0000

I’m telling you, you should write a book with all these stories…you are wasting precious stuff by giving it away for free in this blog…:-)