Comments on: How to select your financial planner? http://www.personalmoney.in/how-to-select-your-financial-planner/1431 Personal Money Management Tips, Tricks and Tools Fri, 03 Sep 2010 07:22:17 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Vishal http://www.personalmoney.in/how-to-select-your-financial-planner/1431/comment-page-1#comment-1009 Vishal Mon, 12 Jul 2010 09:08:33 +0000 http://www.personalmoney.in/?p=1431#comment-1009 I am also agreed, Financial Planner should be fee based only. The best thing about having a pure Fee based Financial planner is that they are not biased, and at least they do a better job than a commission based Financial Planner. I am actually impressed with the Financial planning service providers like <a href="http://www.personalfn.com" rel="nofollow">PersonalFN</a> although they charge for you for this, but they are not biased. @Karan , I think you can purchase shares in other countries, by two way you can do that... either if you are NRI residing in that country. or else, you have to tie up with a broker there, and then can start trading, by using your brokers account. I am also agreed, Financial Planner should be fee based only. The best thing about having a pure Fee based Financial planner is that they are not biased, and at least they do a better job than a commission based Financial Planner.
I am actually impressed with the Financial planning service providers like PersonalFN although they charge for you for this, but they are not biased.

@Karan , I think you can purchase shares in other countries, by two way you can do that…
either if you are NRI residing in that country.
or else, you have to tie up with a broker there, and then can start trading, by using your brokers account.

]]> By: CA Karan Batra http://www.personalmoney.in/how-to-select-your-financial-planner/1431/comment-page-1#comment-812 CA Karan Batra Fri, 18 Dec 2009 19:37:48 +0000 http://www.personalmoney.in/?p=1431#comment-812 Tell me one thing - can we purchase shares not listed in India can an individual purchase shares listed in say Singapore, or say Hongkong?? Tell me one thing – can we purchase shares not listed in India
can an individual purchase shares listed in say Singapore, or say Hongkong??

]]> By: Manish Misra http://www.personalmoney.in/how-to-select-your-financial-planner/1431/comment-page-1#comment-806 Manish Misra Fri, 27 Nov 2009 06:11:50 +0000 http://www.personalmoney.in/?p=1431#comment-806 Agreed! Transparency is the key. As a customer you need to be sure that your interests are being served on priority and not the commercial interests of the financial planner. Financial planner deserves the fee for recommending the best suitable solution for the customer and a fee based model as recommended by you works best. Agreed! Transparency is the key. As a customer you need to be sure that your interests are being served on priority and not the commercial interests of the financial planner. Financial planner deserves the fee for recommending the best suitable solution for the customer and a fee based model as recommended by you works best.

]]> By: Jagoinvestor http://www.personalmoney.in/how-to-select-your-financial-planner/1431/comment-page-1#comment-805 Jagoinvestor Thu, 26 Nov 2009 20:54:13 +0000 http://www.personalmoney.in/?p=1431#comment-805 My views are that Financial Planner should always be a pure fee based One . Somewhere , the biasness comes for sure if there is commision involved . Atleast he should give the choice of buying products from anywhere .. and if he is sharing any commisions , it should be communicated in advance to client . manish My views are that Financial Planner should always be a pure fee based One . Somewhere , the biasness comes for sure if there is commision involved . Atleast he should give the choice of buying products from anywhere .. and if he is sharing any commisions , it should be communicated in advance to client .

manish

]]> By: kenyantykoon http://www.personalmoney.in/how-to-select-your-financial-planner/1431/comment-page-1#comment-802 kenyantykoon Sun, 15 Nov 2009 12:26:33 +0000 http://www.personalmoney.in/?p=1431#comment-802 in the finance book that i am currently reading, they say that you shouldn't get and adviser unless you are at that point in your investing life where you can judge accurately the suggestions that these advisors give. Lets say that an advisor tells you to buy a stock for a myriad of reasons. You as the investor should be in a position to accurately value the business and the stock and to some extent make your own decisions. You must not let others invest for you but rather think for yourself. In other words, when an conservative investor becomes an aggressive investor, get some good advisors with all the characteristics that you mention above. in the finance book that i am currently reading, they say that you shouldn't get and adviser unless you are at that point in your investing life where you can judge accurately the suggestions that these advisors give. Lets say that an advisor tells you to buy a stock for a myriad of reasons. You as the investor should be in a position to accurately value the business and the stock and to some extent make your own decisions. You must not let others invest for you but rather think for yourself. In other words, when an conservative investor becomes an aggressive investor, get some good advisors with all the characteristics that you mention above.

]]> By: Credit Card Chaser http://www.personalmoney.in/how-to-select-your-financial-planner/1431/comment-page-1#comment-801 Credit Card Chaser Sat, 14 Nov 2009 17:42:56 +0000 http://www.personalmoney.in/?p=1431#comment-801 I am a big fan of fee based advisers because it avoids some of the inherent problems with a commission based broker. I am a big fan of fee based advisers because it avoids some of the inherent problems with a commission based broker.

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