"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. "
The last paragraph is extremely important. In this environment where there is need to enhance revenue through fees and advice, right asset allocation is important. Instead of relying on someone else to generate alpha and distributor getting commission for it, it is important for one to participate in alpha generation and earn fee and justify the current commission. Maximum return is generated by being in right asset class at right time. E.g. in 2008, it mattered whether you were in equity, debt or gold. Which scheme within equity? That hardly mattered!!!
Direct Share Class or No, knowledge based service will do the trick. Direct Share Class has its own systemic faultlines. This is where an IFAs advisory can really chip-in. As I have said before, I would like to reiterate that Direct Share Class is going to be a miniscule minority. Start going beyond the T-15 & B-15, you will increasingly notice that Direct Share Class has just no place there & a committed IFA is who will matter the most. Challenge is an unstoppable dynamic force which we all have to live upto & overcome. Welcome Challenge & you will find yourself becoming ruthlessly efficient to succeed.
I appreciate the idea of sharing our experiences.Here is One. A prospect of mine was pissed off because a fund house had not delivered her redemption cheque in time.My discussion just revolved around service issues and was a waste of time. Let us all share on avoiding conflict with the Client and with Ourselves so that we are better equipped to handle our prospects.
HAPPY NEW YEAR-2013. SABHI IFA BANDHU KE LIYE 2013 KI SURAJ KI PAHLI KIRAN NAYI AASA NAYA JOSH AUR HIMAT AUR SAMBBRIDHHI KI SUBHKAMNA. JIVAN CHALNE KA NAAM,CHALTE RAHO SUBHAH SAAM.........MANJIL MILEGI HI. DIRECT SE DARNA MANA HAI.HAPPY ADVISING.
THANKS FOR YOUR THOUGHTS, SIR... SURELY, IFA COMMUNITY SHOULD GET TOGETHER TO SHARE THEIR IDEAS FOR THE COMMON BENEFIT OF ALL.
Dear Sir, Nicely said regarding optimism and apprehension. Now a days facing challenges is the first and foremost character of any Advisor. We will look forward for a new challenging envisornment in 2013. No arguments, only face the changes with cheer. Advance NEW YEAR WISHES-2013.