As soon as the horse bolts it becomes necessary to bolt….so we now will talk about REGULATING the wealth management industry: Let us see what can be done: – all wealth management contracts should be 43 pages and have 86 signatures. – if it includes Mutual funds, the trail commission that the wealth manager can […]
Let us break some myths: 1. SEBI is here to protect the small investor: Well tried! Nobody is here to protect the small investor, but to keep the small investor a facade has to be created. So along with MCA, ROC, IRDA, CLB, ..one more body was needed to complete the alphabetic soup so the […]
Regulators have a terrific ability to speak the language of the most dominant player. Have you observed that? When Hdfc Standard Life Insurance came out with ‘riders’ – fairly obviously some riders were priced more than the death main clause (will not go into the reasons here). This meant you could take a ‘Term life […]
I do not know whether this is being cynical or this is how life is supposed to be. In the year 2000 when I started doing training as a full time profession, mutual funds were the first port of call. This was not by design but in 2001 the AMFI exam was introduced (it was […]
The year 2007 was perhaps the last year of the madness cycle – with Ninja and all kinds of excesses. However the market corrected in 2008 and recovered very fast in 2009. The sad part is that the persons responsible in Eurpoe and in USA were not even brought to book – the Banking Regulators. […]
If you thought Madoff scandal would serve as a reminder against buying shit financial services you thought wrong. Simply wrong. Sadly I know some of these ‘event managers’ , wealth managers, brokerage houses…and others who organize such functions. I also know many rich people who attend these functions as well as wannabes who attend them. […]
No not another ban, just another blog. Please also see ‘Sebi bans ulips’ post and the comments. Now we have another problem – the sports minister Mr. Gill has found that the DLF ad contains the word India – and that should not be allowed. Amazing how Mr. Gill has nothing to do but find […]