A radical change in marketing strategy in 2010, led to an incredible 15x growth in his business over the last 5 years, and has now catapulted Muthukrishnan into the big league of IFAs. (Check out wisewealthadvisors.com). We are not against portfolio changes. We've never sold NFOs and closed ended funds. She has sessions with her clientsalmost 60% of them are women, so she insists on the husbands to also join their wiveswhere she explains the need to have goals for every investment. His investing philosophy is very well known to people and he has more than 247 K followers on Twitter. , . . Today, PeakAlpha has about 3,300 customers, of which about 2,500 have come in through workshops, says Shyam. But like many seasoned advisers, she is watchful and advises caution if she feels that investors might end up spending too much. Ashish once did a corporate training session; Kesarlal was a peon at that firm. Around 2017, he stopped accepting new clients. The Hon Hai Technology Group (Foxconn), the biggest contract manufacturer in the world, will set up an electronics manufacturing and assembly unit on the outskirts of Bengaluru, where it is expected to invest up to $1 billion and make iPhones for Apple. Ten years ago, we all paid big commissions to book train or airline tickets. They have not just established themselves as thought leaders but managed to get more than 10,000 followers. That came down to nil. But most distributors start at a lower stratum of the investing population, which is the retail customer. 4NRIs cannot submit Form 15G/H: What can they do to lower TDS on income from India? Not everyone in this world can be a business tycoon or have a top-tier position in a big corporation. You would think that distributors spend most of the time collecting inflows. He saw that the couple, both of whom were working for a technology company, had a credit card debt which they were happily rolling over, continuously. My suggestion to advisors who want to increase their followers on Twitter is to be consistent in your posts. In fact in investing, a good advisor would ensure minimal activities. Not often, says Ashish. More than 86,200 of your industry peers are staying on top of their game by receiving daily tips, , . Chadha got a jolt. More activities are harmful for the portfolio and lead to bad outcomes. Self-doubt was creeping in. You know that we are completely against chasing performance. D Muthukrishnan is a Chennai-based certified financial planner (CFP). Sir wat a wonderfully insight on ivestors mind set, as these days the investors are clearly chasing returns and falling much much short of there goals do we need to blame the rating agencies as they have to rate differently every time they come out with an article. D. Muthukrishnan, a Chennai-based certified financial planner, who manages assets worth 111 crore (as of end March 2016), gets inflows worth . Chadha, himself an avid traveller, makes it a point to visit a new location every year. I would rather stay focussed on continuing to serve my existing clients, keep acquiring more clients and keep adding to my AuM. If someone asks me a mutual fund query, I encourage him or her to become my client first. He has his own test to assess risk tolerance and keeps a hawk-like watch on new clients. . Indias stock benchmarks surged over 1.5% on Friday the biggest single-day gain in four months as dovish commentary by one of the members of the US Federal Reserve's rate-setting panel and fresh investments in Adani Group stocks bolstered sentiment. Muthukrishnan said he counselled them for over two hours asking them to first reduce their debt substantially and then come back to him to move ahead with investments. This is the main reason for the poor return experience that many investors have with equity investing. Patience always pays. A candid investing chat with "Dr. Nugget" Muthukrishnan. Views are personal and are not recommendations. Certified Retirement Counselor (CRC) conferred by InFRE. Does he also advice his clients to change their portfolios based on fund performance? The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Its the same with financial advice. That is when I realised the power of retail. In May 2015, Muthukrishnan became the first IFA in Tamil Nadu to achieve a SIP book of Rs. He handles the finances of about 300 families with 150 crore in AUM. These models work if you either start off with a ready set of clients (like Venkatkrishnan did, thanks to her previous jobs as relationship managers) or if you start with close friends and families and dont wish to go beyond a point, like Muthukrishnan. An individual whose portfolio value is more than this is termed as an HNI. The latest Tweets from Freedom Wealth (@Wealth_Theory). He believes that to call SIPs a retail product is a misnomer wealthy clients need discipline in SIPs too. By March 2010, my AuM had reached Rs. Each relationship manager, about 15 of them, is assigned a neatly appointed desk with a computer and adequate stationary, and plenty of ergonomically designed chairs around. #Bitcoin Achieving your financial goals is an on-going process. 6 crores and my SIP book was Rs. . I frankly don't know how regulations will pan out in the coming years on revenue models. Khatri, who started Krushna Finance in 1994, manages assets worth 700 crore today. They cannot be abusive or personal. But well do it only rarely, purely based on requirements. D.Muthukrishnan(Muthu) is the founder of Wise Wealth Advisors. I cannot risk my reputation," he says. . The former chancellor is the first British PM who is a person of colour. 2 times ZERODHA Challenge loser. He joins a national list of less than 25 IFAs who have achieved a SIP book of this size. . At WealthWise Financial Services, we deliver personalized strategies that embody the values of integrity, competence, and care. Financial success is a roller-coaster ride and not a linear path.. AMFI Registered mutual fund distributor valid from 21-Oct-2019 valid upto 14-Dec-2022 located in Chennai Buy/Sell Mutual funds sitting @ Home offering Cash Management, SIP Mutual Fund and ELSS Tax Savings Why Im restating the obvious? . 88 . , , . Further, since these BPOs, typically, worked according to American and European time, Chadha spent nights giving financial literacy sessions to BPO employees, which would continue till 4 in the morning. Working with the stockbroker as an accountant and delivery staff. Not always; some also nudge their investors to spend money. We help our clients pursue their passions by taking the worry, fear, and concern out of wealth management and financial planning. He also holds aMBA in Finance from IFMR( Institute for Financial Management and Research). Chadha was happy handling big money; clients were fewer but the corpus was bigger, which would lead to higher andwhat he thought at the timesteady income. Bear markets do create panic. As per corporate shareholdings filed for December 31, 2022, MUTHU KRISHNAN S publicly holds 0 stocks with a net worth of over Rs. I don't accept SIPs for less than 10 years, in fact, I don't accept any investments with a horizon less than 5 years. He sent me a cheque, admitting that I had given him good advice.. But universally, the higher your net worth, the more the number of facilities your distributor offers, especially if it is a bank. D. Muthukrishnan, a Chennai-based certified financial planner, who manages assets worth 111 crore (as of end March 2016), gets inflows worth 1.26 crore every month through SIPs and caters to 176 families. . All Filters. If someone has posted a tweet, reply immediately. An annualised return of 3.93%. I got in to Twitter 18 months ago and now have around 2000 followers. . After entry load in MFs was abolished in 2009, registration of new distributors had fallen to about 2,500 (2011-12), down from close to 9,800 distributors who got registered in 2007-08 and close to 12,700 who had got registered in 2008-09. Once you have the allocation right, theres not much that a single decision can impact a portfolio.. Apart from the above, I also hold Post Graduate Degrees in Commerce & Corporate Secretary ship (M.Com & MCS). So, who is a retail customer? He remembers an investor called Kesarlal. I am also agree dont invest on NFO & sectoral. . . I'm 42 years old. They had a brief chat where she explained the merits of long-term investing and need to stay invested for the long run. Chadha, a retired army man who served in the Indian Army for 11 years at various places, started his distribution firm in 1995, when he was 31 years old. So, he joined a stockbroking firm in Madras Stock Exchange (MSE) which allowed him to read financial newspapers, business magazines and also interact with many investors. Apart from the above, he also holds Post Graduate Degrees in Commerce & Corporate Secretaryship. I was putting in a lot of effort, but business was building up very slowly. In addition, I make it a point not to give advice on Twitter. Amateur investor. , . An established distributor may choose to focus on one or a few classes of clientsthe wealthy, the mass affluent, the high net worth individuals (HNIs), or retail, and so on. Prior to the distribution, CLIM owns 37.53% of CLAS and CLIM is going to distribute 8.48% of CLAS to shareholders. Wright lessons for all IFA how to manage your funds dont do agreesivly change portfolio give a long time & watch. Copyright HT Digital Streams Limited All rights reserved. No one can predict fund performance. I started getting calls from many prospects who read my blog. I began sending daily text messages of interesting wealth quotes from great investors like Warren Buffet and Peter Lynch, to all my clients and my prospects. Having realised that it will take time for clients to walk into their office on their own, the couple decided to step out and hit the road. I chased every lead I got, I went to clients offices and homes, I had lengthy discussions on every aspect of the market, and often I would come back empty handed after these efforts. But we need to remind investors of the purpose of their savings. 12h Any good fund or fund manager or investor is likely to underperform for 3 or 4 years during a 10 year period. I began in 2007 like most IFAs do. In Navi Mumbai, we covered the adjoining areas of Vashi, Kopar Khairane, Airoli, Sanpada, Juinagar and Nerul," he says. In the next 5 years (Apr 2010 - Mar 2015), my AuM grew to Rs.95 crores and my SIP book has now crossed Rs. The 1000 rupee fee was never designed as a major income stream - it was a way to demonstrate seriousness and professionalism in our interactions. Looking only at numbers reveal much less of the potential. It is a fact most investors are chasers. One thing an investor needs to know he has to have a sound sleep once invested in a good fund and allow little time to grow, instead of keeping a watch eery time market corrects he should watch the funds performance only once in the market cyclic period ie every 5 years. , influencer, . . He remembers one high net worth investor, who invested Rs 30 lakh in an Energy Fund in 2006-07. Then, he befriended a few courier boys, gave them free mobile phones and requested them to click pictures of name plates in buildings they visited to make deliveries. The story behind how these two IFAs came to rule the world of tweets. Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Know your mutual fund adviser: Here's how you can judge a distributor or adviser, (Disclaimer: The opinions expressed in this column are that of the writer. Muthu loves to help people to achieve their financial goals. In my first 3 years, I struggled to reach an AuM of Rs. "A Single conversation with a wise man is worth a month's study of books" Chinese proverb. However, it should be noted that not all CLAS units will be distributed. Useful article for All. Youve been our clients for many years. I must go beyond knowledge (market perspectives, fund selection etc) and focus more on helping with behavioural aspects of investing. We dont get paid for activity, just for being right. It is like entering a factory where everything is precisely the way it should be. Her days regularly begin at 7 am and ends well past midnight. The Five Star Award based on 10 objective criteria associated with providing quality services to clients such as credentials, experience, and assets under management among other factors. The firm offers financial planning and consulting and investment management to individuals, including high net worth individuals, as well as to pension and profit-sharing plans . He took up the CFP (Certified Financial Planner) certification and then started his practice about 11 years ago. Sanjay Khatri, chief executive office, Krushna Finance, says that although 60% of his clients are senior citizens, many of them were his clients even when they were about 40 years old. What Our Readers Say. Nugget , social media ( financial nuggets), (financial independence). Your risk profile is a key component of appropriate asset allocation. In 2014, equity funds had returned 30-60% on the back of a stock market rally due to the change of government at the Centre. I therefore started my own blog. Ranjan Muthukrishnan may also have lived outside of Los Angeles, such as Berkeley. MUTHUKRISHNAN has 1 job listed on their profile. With his many innate interests in investing and personal finance, he used to give financial pieces of advice to many colleagues. If you dont automatetheir savings, investing becomes impossible. He came forward and said We ask you to complete a risk tolerance questionnaire and establish your risk score. In addition to writing articles, I began tracking other blogs and started posting comments on other's blogs, with an auto web link to my own blog. Physical activity I churning funds gives a less or lose. To subscribe to our emailers, all you have to do is fill in these basic details and click the Submit button. , . Within the two-third equity, I may allocate two-third to large-caps and the rest to mid-caps, he explains. He has also contributed for Sun News Vaniga Seidhigal. We would also ensure that you remain less active. Muthukrishnan Financial Planner (CFP) Wise Wealth Advisors, . , . Your Reason has been Reported to the admin. They were selected by a diverse panel of judges from across the industry and the editorial team at ThinkAdvisor. What is needed is guidance. , . O Mr. Muthu, Dr. But most of Navi Mumbais population was made of the salaried class. Bad behaviour got you only 3.93% returns whereas good behaviour got you a decent 12.84%. Fortunately, though, thanks to his association with GE Capital, he started giving sessions on financial planning to the companys business process outsourcing (BPO) units employees. We dont believe in churning portfolio. ( ..) For the first time, I used Wizugo for my Twitter account automation, and it became the savior of my sinking account. We look for long term performance, consistency, losing less in bear markets and ability to navigate multiple market cycles. A very successful advisor in North India, Ashish Modani of Jaipur believes that it is just two tenets that have helped his clients create wealth simplicity and discipline. Our purpose at WealthWise Financial Services is to Redefine Wealth Management. Important lesson to learn from this An advisors value comes not only from what he does but more so from what all he does not do, Nice article. There are no charges once a prospect becomes a client, as I make it clear to them that I earn a trail commission. I hold an MBA in Finance from IFMR (Institute for Financial Management and Research). Mphasis was an obvious starting point for Shyam as he had worked there for two years, before he and Priya started PeakAlpha. If a patient comes to a doctor, whether it is Ambani or the man on the street, his diagnosis has to be the same. Plan for their kids further education? Save my name, email, and website in this browser for the next time I comment. We always stress on keeping things simple. This what financial expert D.Muthukrishnan of Wise Wealth Advisers has to say about financial independence. That kindled his interest to take up a career as a personal financial advisor. Heres What It Could Mean for Your 401(k). Chasers Are losers. Up till 2003, Gurgaon-based Ashish Chadha, an MF distributor, was more than happy to cater to large clients; chief among them was GE Capital, the financial services arm of US-based GE Electric. The office of Krushna Finance, one of Indias largest mutual fund (MF) distributors, in Vashi, in Navi Mumbai, is decked up to convince even the hardcore pessimist to invest some money, if not her entire wallet. Got me started on the PF journey. At the same time, in the second half of the nineties, the BPO industry in India had started coming up. Experts say that getting the small investor to invest is a tough job. , . 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