I have a choice of paying: a) zero brokerage b) opening an account with zerodha or c) pay about 1.5% brokerage to be with a broker-adviser The offer of zero of course comes from friends and from brokerage houses which will want a full visibility of all my transactions so that they can copy […]
I have been asked this question many times – should I Index my money or should I look for good fund managers. The caveats first – I am a horrible person to follow. I have been an equity broker, an equity researcher (I used to sell equity research reports), I used to write for magazines […]
I meet many IFAs as a part of my profession. It is impossible to find ANY IFA speaking like an IFA. Most of them speak like fund managers. Read on: Sir I moved my clients from Large cap to Midcap and then Midcap is doing very well. Sir, my clients have invested in 3 large […]
At the beginning of your career you tend to be a little scared of failure. So there is a tendency to grab every client who comes your way..so in about 10-12 years time you have a large range of clients – different professions, different geographies, different personalities…It is time to now make a ‘list of […]
A few days ago I did a post saying what IFA cannot be taught…and they must learn…here are a few more… Remember that your clients are your own portfolio, AND YOU HAVE CHOSEN THEM. You should select them carefully and keep them till both of you have a mutual need to fulfill. If a client […]
Some of these questions and client behavior situations stump advisers: Too much importance to form, and nothing to substance: Many (if not most) clients like pie diagrams, comparative performance, what is happening in the world report – but actually have no substance. Not knowing what to look for in an agent: clothes, perfume, location of […]
Why is the Advisory practice far more risky today? Simply because of the media noise. Also there are too many players with poor knowledge but far better marketing skills. This means that if there is an adviser who removes the sheen from the advice there is likely to be no respect for the person. Let […]