Especially
when so many aunts, uncles, colleagues and other
distributor friends and insurance agents are offering
advice for free and are also ‘passing
back’ a portion of their earnings to you, a
lot of our clients ask us this question. The answer
to this lies in just one simple adage: “There
are no free lunches in life”. What appears
as free advice from a Samaritan is probably the worst.
Often, distributors sell the ‘wrong’ mutual
fund and insurance agents sell the ‘wrong’ insurance
policy, without really understanding your financial
goals. They sell you these products for a simple
reason – they get the maximum commission on
these products. Alternatively, they could be under
pressure to meet their targets.
Our approach is very different. We examine your
financial needs, your responsibilities, study your
assets and liability and income flow and then draw
up a financial plan that is tailor-made for you.
This is what is referred to as financial planning,
a relatively new concept in India. The financial
planner will spend considerable time with you to
understand the financial side of your life. And the
fee is for this service rendered, which is unique
and for your betterment. We believe in building long-term
relationships with our clients.
