Team FeeOnly

Overcaution could stymie investment advisory’s growth

caution leads to safe utilisation of a useful service but overcaution can stifle the service itself. Drawing on the analogy of Strike anywhere matches and safety matches, Harsh’s article in Business Standard on how a overcautious approach can stymie the growth of the investment advisory profession.

Learn to draw lessons from mistakes, then share them

Harsh narrates, “Many thoughts crossed my mind before I wrote this article on the mistakes I had committed in the past and the invaluable (and expensive) lessons I had drawn from them. I had always used the lessons with our clients without sharing the specific experience as I was apprehensive about client response on the disclosure. I got the courage to share when I heard a podcast by Rick Kahler a US based financial therapist and financial planner where he narrates about how clients relate to him much better after the disclosure. I will await your feedback.”

Podcast: Paisa Vaisa – Choosing the Right Financial Advisor

Harsh shares his beginning from being a Chartered Accountant to becoming a full-time Financial Advisor. Anupam and Harsh further discuss consumer-centric financial advice and the key roles of a good financial advisor. They speak about the essentiality of a GOAL oriented approach in financial planning and moving beyond numbers while establishing a deep, personal and emotional relationship with the client to develop the right financial plan!

Regulation is inadequate protection against greed

A well regulated market is good for any Business or Profession as it imparts confidence to consumers and leads to orderly development of market for that product or service. Overregulation increases compliance costs and drives smaller players out of the market. It also leads to some players shifting to low or zero regulation markets.
Harsh Roongta’s article in Business Standard today. 😀

Run numbers, you may have enough to quit

Many professionals already have the required F*** Y** fund if only they would do the calculations. Like huge elephants who are conditioned to believe they cannot break free from the short ropes that hold them they continue on the treadmill. One of the biggest pleasures of our advisory profession is to see the light go up in our clients eyes as they realise they can pursue the lifestyle that they had been dreaming of. Harsh Roongta’s article in Business Standard today . Your comments are welcome as usual.

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