Patients pay their doctors for advice and then buy the medicines from the chemist. ARN holders(also called as Independent Financial Advisors, IFAs) are viewed as doctors and therefore being asked to seek a fee from their clients for advice rendered.
I am now charging FEES both for Online and Offline Advice.
My Charge is right now a reasonable Rs.1000.
By the way, it is good for you too.
When a person pays for advice, he is serious about it and will demand good service which will keep you on your toes. I have more responsibility when I am charging a client for advice and service. I have to excel in both.
Charging a fee also enables me to approach my relatives and friends without the worry that personal relationship would be strained.
Do also remember, that IFAs also do a lot of services like redenring Account Statements, follow up services, apart from, Of course, giving Quality Investment Advice.
Clients need to understand that paying a fee puts greater onus on the advisor, as there will be consistency as well as the development of a relationship. Surely in bear markets, it is easier for them to recognise this, as they have been badly hurt, made emotional decisions about investing, and now feel the need for unbiased advice even more.
Remember, that there are too many schemes with mirror portfolios and identical investment objectives. The choice is difficult. Figuring out which is the right one for you is a herculean task.
Trying to save a paltry consultation charges and Compromising on a "Good" Scheme will only make you look like a fool, a few years down the line.
Or instead, relying on MY Proven Research, where even the US based etfdb has acknowledged as my blog being in the Top 50 Investment Blog in the World, is the first Wise thing to do.
Here is the link http://http://goodfundsadvisor.blogspot.com2009/05/my-blog-ranked-as-worlds-no3.html
The Choice is yours.
As the World's Greatest invest Warren Buffet has said : "Price is what you pay. Value is what you Get".
HOW TO PAY :
Pay through Demand Draft or Cheque For Rs.1000/ payable to "SRIKANTH SHANKAR MATRUBAI" payable at Bangalore.
You can remit to my SB Account at ICICI Bank 029701527711 also.
Also visit http://equityadvise.blogspot.com
Srikanth Matrubai is known as the WEALTH ARCHITECT. He is practitioner of Wealthy Habits and author of Amazon Best Selling Book DON'T RETIRE RICH. We strongly urge to follow your Advisor. This blog is purely for information. However, we strongly suggest you to consult a Financial adviser. This blog is purely for information purposes only and we do not take any responsibility whatsoever as the blog content may be changed from time to time and is generic in nature.
Monday, June 22, 2009
MY CONSULTATION CHARGES
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I came across your blog (http://goodfundsadvisor.blogspot.com/) while I was going through some finance sites/blogs. I must say, the articles which you have written in your blog are very informative. Being impressed with your blog, I would like to get permission of placing your blog link in my website/blog. If you allow me to do so, then I request you to contact me at dorcia.wellington[at]gmail.com.
More than willing to allow you the link. Would you be kind enough to give me your blog name.ReplyDelete
I landed in your website through stockezy & I should say I am quite impressed. I am an NRI (from Bangalore) living in Bahrain and would like to avail your advisory services for my mutual fund investments. I am investing in MFs through ICICI Direct Platform. I am aware that your services are fee based and I will be more than happy to pay. Please send me further details to my e-mail id: firstname.lastname@example.org. Look forward to receive your e-mail and take this matter forward.
Your blog is very informative.
Please inform me how to contact you ?
Any telehone number?
I am based in Dubai and need your advise urgently on Investing in India.
Email : email@example.com
thank you for the good words about my blog. My telephone number is given in my blog.ReplyDelete
Great this will help many of them to have a good investment. :)ReplyDelete