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Very interesting and motivating to follow ethics
Thank you Mr Suresh for sharing your business model and practice.
Very good and infomative article. Thanking you sir
very good
Thank your Mr. Suresh Sadagopan for sharing your experiences as a fee based advisor. It is a case of every honest and ethical advisor/planner. I have no doubt the new advisors/planners who are successful and not facing any resistance from the clients towards fees, may be they are very lucky or they are compromising somewhere else.
well said Suresh ji. you have absolute clarity. I am sure you will not only be pioneer but very successful in this noble profession.
as i m from b 15 city i m getting comm. from amc so i m not taking any charge from my investor. after reading this article i m confident that i can take charge. thanks
GREAT!!!!!
I thanks for Mr Sadagopan for sharing his experience as fee based Financial Planner and Wealthforum for arranging such good interiew. After retired as AGM from Banking sector on 31.3.2012, I completed C.P.F.A, IRDA & MF exam and decided to get into the financial services space. I observed that this sector is not easy. This article give some idea to the new IFAs like me.
EXCELLENT INDEED
It is very sad to know that people like Mr Sadagopan, are going for the pure advisor model. The concept itself of bifurtcating the distributor into distributor and financial planner is defective. As distributors we also follow the concepts of financial planning , do asset allocation etc. A financial planner can also go wrong in funds selection for their client. In fact both should co-exist in one person. Gradation system can be followed, where a CFP qualification grades an advisor higher than an NISM agent.We know very well in India , the customers do not like to pay.Why should the distributor or Advisor suffer for years so that the customer can evolve and pays for the advise. THe regulator should be discouraged to stop this bifurcation and this can be succesful only if CFPs do not choose the Advisor model.
Dear Suresh, I feel happy to read of your success and to know that there are more in this style of work. We have been successfully engaging clients in a fee + commissions mode since a couple of years now without any un-surmountable problems! All the best.