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Instead of focusing on growth against peers, focus on raising your capabilities and that will lead to natural growth and less stress.
Understand your capabilities and develop confidence. Stick with the segment that you are most comfortable with. Define your own growth path and you will be more successful.
When grappling with whether to change to a team or partner model, think of the absolute bottom line rather than eroding share percentage. As the business grows, all benefit as the bottom line also grows.
Humility, knowledge of finance and markets, willing to delegate and trust, and professionalism are the qualities needed for a leader.
Referrals is the biggest indicator of how well you are doing. Referral clients tend to be stay longer.
Very scary headline, unlike its content. Pls be careful.
Agree with all Key Take-Aways. Since there will be drastic reduction of total income of FY 19-20 v/s FY 18-19, one needs to set the personal financial plan on top priority and then next step should be to reach to the same income level in a year or two. This should not be a problem for old IFAs who are managing the AUM of 25 Crore or more but can certainly create a big problem for new entrants and for those who are yet to build good AUM.
Pragmatic and sensibility - wish a lot of debt fund managers also listen to this video .