I have never been able to say what is a fee that a planner should charge?
there are people who should be charged Rs. 10,000 a year and some people who should be charged Rs. 10,00,000. This should NOT depend on the time spent, it should be based on:
a. have i been able to teach the client what is a toxic product?
b. have I been able to keep the client away from toxic product sellers selling through an education seminar?
c. have I developed enough guts in the client to rip a ‘coated booted’ guy / female to pieces if they were to offer a toxic product?
d. does the client turn to ME for asking for any clarification regarding any product, daughter’s education, career move, writing a will, – which means there is respect and expectation of value advise…
e. almost impossible to list what the value add by an agent / IFA…
what price should Suchitra Krishnamoorthi have been willing to pay for a real good adviser? or bluntly how much would have I charged her?
Frankly I do not know….but far lesser than what she paid. I am sure.
You wanna read Moneylife Digital team’s story? Read on…and digest the numbers. I know many of them
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