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.”
While it is important to be technically proficient in the investment advisory profession, it is even more important to understand that there are limitations to technical expertise. As the examples cited in Harsh’s article in Business Standard show client’s emotions can completely change the best laid financial plans.
Course wise education loan repayment aggregate data can help lenders, students and even the education institution themselves to take more informed decisions. Harsh’s article in Business Standard on why this aggregate data should be made publicly available to aid better decision making benefitting the entire economy.
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!
Upfront transparent disclosure of conflict of interest situation is required under the Investment adviser regulations. In Harsh’s article in business standard, drawing on his personal experience, he write about how this can actually assist in building long term trust with the client. Comments welcome as always.
Conscious inaction is patience else it is inertia or laziness – which if coupled with mindless diversification can lead to disappointing outcomes from equity investments.
Do your children ask you why you do charity even as you claim you cannot afford an expensive holiday? Should you share your financial status with your children? To what extent & when? Harsh Roongta’s article in the business standard on his personal journey in this regard. comments most welcome.
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. 😀
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.
Try an experiment. Think of 5 investors who were active in the stock markets in 1980s/1990s.Check for unclaimed shares/unclaimed dividends in their name on https://bit.ly/3Pf2ffX. You are likely to find some unclaimed assets for your efforts. Harsh Roongta’s article in Business Standard..