Скачать или смотреть What's the real difference between a wealth manager and a mutual fund distributor?

"Sir, this SIP will give you 15% returns guaranteed!" - Red flag or legit advice?

We had coffee with a techie friend last week. He was excited about his new "wealth manager" who promised him the moon.

But when we saw his portfolio... 👀
What his "wealth manager" did:

Sold 8 different mutual funds
Pushed high-expense ratio schemes
Zero asset allocation strategy
No tax planning (he's losing ₹50K annually!)
Gets paid by AMCs, not by him

What an actual wealth manager should do:
✅ Understand your life goals first
✅ Create a comprehensive financial plan
✅ Optimize for taxes
✅ Get paid by YOU for unbiased advice

The brutal truth: Most "wealth managers" in India are actually mutual fund distributors wearing fancy suits.

Here's the litmus test:
Do they charge you a fee for advice?
Do they recommend selling funds sometimes?
Do they talk about insurance, taxes, AND investments?

If it's "No, No, No" - you've found a distributor, not a manager 💡

#WealthManagement #FinancialPlanning #FeeOnlyAdvisor #PersonalFinance #InvestmentAdvice #IndiaInvests #unbiasedadvice