"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
Excellent article to guide the advisers .
The contents of both articles made it worth of a ready-made handbook for IFAs to face the challenges... to be in this business... confidently...
Fantastic write up Ashish. A must read for all IFAs..
Excellent and clear thought delivered in a very concise way especially the table to task!! Keep it up Goel Bros.
simple ask to investor any one amc tell you my this plan is not for you at this time.They will sell you anyone product anyhow
The best thing is to not discuss this Direct thing at all. By doing so much of unnecessary discussion on that we are bringing peoples attention to that. Just brush them off and focus on your own job. Actually this a kind of negative advertisement tactic, it seems to me. We dont care about NPS, in fact we had dumped it totally. so shall be our attitude towards direct.We shall all ensure that the benefit that the AMCs giving to direct clients should not be a cost to our regular customers- for that we shall be putting across the point straight to AMCs and the regulator. Beyond that its no issue.
We are professionally trained and updated regularly. We are well informed about what all is happening across various asset classes. We got perfection with various investing strategies by deploying these repeatedly with different investors. Mistakes in investing are not free, these prove costlier. The level of professionalism which we possess has been acquired by us after years of experience across different market cycles. A investor starting on his own will have to go through all this. Which is not an easy task for a person whose actual line of business is something else.
Excellent article !! Can we use these 13 points on our website to sell ourselves sirs ?
very well summarized.
Comprehensive list of value added services that we bring/need to bring to our clients. Goal Setting could be extended to Goal Monitoring(shortfall, expected performance v/s actual performance/revision of goals etc.) and Goals Alerts(Rebalancing of investment as the goal approaches, from risky to non-risky). Also, designing tax efficient portfolio and reducing costs(managing exit load and taxation on withdrawals/switches) are two additional value added services that could be added to the above list.
Appropriate article. Its the value we bring to the table that first the client buys us before buying our products.