Otherwise they woudnt be in business. If you can afford one then you could benefit from one.
By
Jaygopal Raghavan, Marketing Manager, Landmark Group
| 01 19 2011 16:00:54 +0000
To support my prior argument I have some more explainations.... Lets take an example of Insurance Agents who are interested in their commission, as there is comparatively lesser commisions on whole life policies, agents will never guide you about those products, they would rather try to attract you to the endowment Policies as there is more commisions involved. So moral of the story is even though such things r happening you can not bypass such Managers / agents. Instead choose the correct Wealth manager. It is not always true that only experienced Wealth manager is good. Infact well educated and less experienced can help you. Somebody said "Your Doctor should be experienced whereas your advocate/consultant/wealth manager should be (ELIGIBLE) fresher" (Fresher will try to struggle for their existence) Wise readers can easily understand this....
By
Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 01 09 2011 05:22:45 +0000
Yes. If you are lucky enough to find somebody who is as much interested in you and your welfare as he is in his commissions and fees.
By
Raju V P, Senior Manager, an International Bank
| 01 08 2011 16:20:52 +0000
Yes, for sure.Individuals are not wise enough or rather they can not keep updates in the TAX, Invesments products and trends hence they must consult Wealth Managers for the same. At the same time, there are always exceptions, so do in case of Wealth Managers. So rely on the experienced Wealth Managers.
By
Sandeep Kule, Managing Director, Endeavor Finance & Tax Consultant
| 01 08 2011 12:10:52 +0000
I do agree that not all persons advise correctly but it depends from whom you are taking advise. One tip:- Cr.Oil may can cross $100 mark, watch Copper, if Coopper goes bullish then Cr.Oil willgo up. Find the right person to advise you.
By
R.K.MALHOTRA , country head
| 01 08 2011 08:42:07 +0000
wealth managers help the retail investors because they keep constant observation of the markets and their trends , retail investors have limited exposure them selves.
By
PRITHVI RAJ DUBEY, Managing Director, RAJ ENGINEERING INDUSTRIES PVT LTD
| 01 07 2011 11:07:26 +0000
Wealth managers are functionaries of financial institutions recruited to guide investors across all the asset classes and introduce them to the various financial products, it would be unfair to state that they do not help investors in taking sound decisions, the WM's can only display the products its upto the buyers to choose from the basket. I understand the group would have a different opinion oweing to the rampant mis-selling that has come to light off late, but please give the WM credit not all are wrong and the advice they give is what the research desk of the institution gives them, they are not authorised to cook up investment suggestions
By
Niraj S Kakkad, Manager - Wealth, Investascent Wealth Advisors Pvt Ltd
| 01 07 2011 10:27:00 +0000
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50% - 50%
By
SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd
| 01 28 2011 13:05:21 +0000
They do give advice which seems that the retail investor is getting the benefit it's actually a way to convince them to invest in other options just to fulfill their portfolio targets.
By
Saurabh , Financial Analyst, Canara Bank
| 01 19 2011 17:02:19 +0000
I totally agree with Mr.Suryanarayan Murthy's point .
By
R.K.MALHOTRA , country head
| 01 15 2011 10:12:48 +0000
No as wealth manager are more concern about the big giant and haqve least concern to common man.......who invest an average amount...
By
Anup.Mehta , Audit Manager, Maersk Line
| 01 14 2011 07:58:04 +0000
The so called wealth managers or financial advisers generally give you a very rosy picture about investment and such product, but the actual will be different also they do not give the hidden aspect of such investments.
By
Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd
| 01 10 2011 04:30:33 +0000
I agree with your views.Wealth managers ulterior motive is not to benefit retails but to benefit oneself.
By
KALIYAMOORTHY , Oil & Gas Area Coordinator, Undisclosed
| 01 09 2011 14:29:05 +0000
Never helping the cause. It is fraud in terms of Bank. Banks are cheating customers in a big way and investment Bankers are just adding woes to the miseries of people.
By
konkan SINGHA, business DEVELOPMENT, SpeechWareNet
| 01 09 2011 12:47:44 +0000
I think hardly very few good advisors are available today when it comes to investments. Because wealth managers are busy with their monthly targets set up by their bosses. Mutual funds are still the best investments, but after the entry load was removed no manger is there to advise. Let us see what new upcoming SEBI chief can do for this.
By
C Nijagunaradhya, Asst. Manager, Aarvee associates
| 01 09 2011 05:42:37 +0000
Yes Mr.Namrata, agree your views.
By
NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 01 08 2011 18:07:11 +0000
I support this side because every one wants to keep their interest first and then only consider for others. Business is for mutual benefits. The transaction between the two for what they need from each other.
By
NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd
| 01 08 2011 17:55:10 +0000
The so called wealth managers are more concerned about making their own wealth rather than yours. So depending on where the wealth manager comes from, you get lopsided advice which brings them more money. E.G. to day you will see your bankers pushing ULIPs instead of MF schemes, because ULIPS fetch them high commissions. wheras MFS fetch them nothing! However, ULIPS are one of the worst form of investments!
By
Basab Ghosh, General Manager (Operations), Saipem India Project Ltd.
| 01 07 2011 18:02:11 +0000
Namarata, ultimately decision is yours. Based on Market Research & past performance of the fund/scheme WM guys will advise you, normally HNI's due to time & other constraints they can not study or keep track of the performance of the funds & investment options. If you lured by abnormal return in the present market scenario you r bound to loose.
By
nagesh rao, Freelancer, Freelancer
| 01 07 2011 11:21:14 +0000
All WM are sales oriented - will always advise to "Invest" irrespective of the Market - No switch / sale recommendation can be given 'on record' or as part of the News Letter - unless your portfolio is large enough to merit a phone call, you'll be left holding the baby in the form of a lousy portfolio in a falling market. When you panic and sell, you'll lose the upswing opportunity too. Ignore WM's - make your own Investment decisions !!!
By
Out-SourcedCFO , CFO & Financial Technologist
| 01 07 2011 11:12:13 +0000
No..Very few wealth managers advise the client properly..
By
Suryanarayan Murthy, Free lancer
| 01 06 2011 08:02:17 +0000
Wealth managers basically concentrate on creation of wealth for their masters as also for themselves ( incentives etc).If they start giving sound investment advice to individuals then it will be unsound investment decision for their organisation.
By
Manoj Pande, Corporate Advisor
| 01 06 2011 05:51:56 +0000
Ya true increasing inflation and fluctuating markets have added to the worries of fund managers. But wealth managers are wealth managers!!!
By
wasim akbar lone, Master in Finance and Control(MFC)
| 01 05 2011 12:48:54 +0000
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