"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. "
we have to update our service in competitive way that investor feel confident with ifa rather than amc.it is only possible for highly qualified persons or national level distributors who can compete amc ie corporate sector. indirectly regulators are interested that only qualified person can do this business. so now it is necessary for ifa to start work jointly with knowledge and infrastructure to compete amc and national distributors.
as far as impact of direct plans is concerned,it is not felt much because all the actions of investors are not known to distributors.recently when i tried to get information about full portfolio of some of my clients,i was surprised to see that a number of my good clients had two or more direct plan folios.i also saw that some of the schemes were discussed between me and client which later appeared in avtaar of direct plans.thus the impact would be felt,but at the same time,i believe clients who are not online, would get disinterested due to service related matters.it is an eye opener for us to tighten our belt and improve in all direction so that no client gets to think about going direct.
The data is encouraging. It indicates the IFAs are optimistic about the future. It is heartening to note that direct business hardly bothers the IFAs. In every business there are challenges and one has to overcome those and move forward.
day by day distributor will be fully confident
Its good survey. It should also have survey on how many IFA are willing to see alternative business model for replacement of front load. Ramkumar Agrawal
The survey done per se is a good idea. But I might beg to differ from its composition. Your survey covers a particular section of IFAs, which in my opinion does not represent the entire spectrum of IFAs. You will need to cover Tier-II, TIER-III cities & smaller towns & also Large, Medium scale & smaller IFAs to hear them out correctly. Only then it will achieve true representative character & present a nearly correct picture. Please note that the situations/ ground realities across the spectrum are immensely different. While I say this I must mention that I have had the privelege of working across Metros, Tier II & III cities, towns & villages too. It has been a rewarding experience for me. I will elucidate further on your survey in another column.
My thoughts is completely in line with the survey except Willingness to invest for the future where I stand in 6% category.By comparing my answer and result of the survey I belong to the masses whose thought is more or less in line with me.
Let us use national forums like wealth forum to constructively generate ideas on increasing fee based revenue from investors. Clearly that is the future and let us use successful colleagues experiences to move forward in this matter.
I think in the changed scenario its difficult to generalize the opinion of the given sample.Many questions may have significantly divergent views for middle level advisors. A really well structured and explained survey.
Please clarify if a distributor can still charge fees post RIA guidelines.Its been a big confusion.