The former chancellor is the first British PM who is a person of colour. I was reading the current issue of Mutual Fund Insight. He took up the CFP (Certified Financial Planner) certification and then started his practice about 11 years ago. In this interview with Cafemutual, they reveal their unique style of tweeting. In fact in investing, a good advisor would ensure minimal activities. A registered investment advisor. Muthukrishnan cautioned: "Wealth is difficult to build and easy to lose." His tweets about savings, debt, and long-term investing are well received and appreciated by people from India and abroad. #ynr #welcome #oxynova , . Financial advisor Brian D. Holmes founded SEIA, legally known as Signature Estate & Investment Advisors, in 1997, and remains its president, CEO and principal owner. Views are personal and are not recommendations. We encourage our clients to reflect on and articulate their vision, both personal and financial. 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. Was the first finance periodical that i bought regularly every month since 2011 and later as a subscriber. I hope to cross the Rs.100 cr AuM mark in the coming 2 months, based on commitments already on hand and my SIP book. Unlike people who quit banks to set up their IFA practice, I had no clients from my previous job to fall back on, due to my BPO background. His investing philosophy is very well known to people and he has more than 247 K followers on Twitter. I knew I had a reasonably good writing ability, so I began writing my own articles, which I started mailing regularly to my clients and prospects. Feeds. 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. Nice article & thanks for sharing . You know that we are completely against chasing performance. . Do invest in right fund. However, it wasnt easy. No one can predict fund performance. In 2010, I did some introspection and came to the conclusion that I had to change my strategy completely. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); & I MyWealth.gr 2021 For the first time, I used Wizugo for my Twitter account automation, and it became the savior of my sinking account. Radical change in strategy drove 15x growth in last 5 years, D. Muthukrishnan, Wise Wealth Advisors, Chennai. Being high savers, by the age of 34, we had a house, no loans, and also had a corpus worth 10 years of expenses. I usually convince them to sell half the intended amount. Please abide by our community guidelines for posting your comments. 10+ . He joins a national list of less than 25 IFAs who have achieved a SIP book of this size. . 07 6PM comin real soon . Even though he says he [] ; . Apart from some of these attendees, hopefully, becoming our customers, they would start their relationship with us not only with a good understanding of what they can expect from engaging with a financial planner, but also quite a bit about the process of financial planning and investing. If you dont churn portfolios, you have a lot of time to devote attention to clients., He is particular about the kind of clients he takes on. 6 crores and my SIP book was Rs. 'IFA SUCCESS MANTRA' by Mr. D Muthukrishnan, Founder, Wise Wealth Advisors, Chennai In 2008, you would have moved to Sundaram Select Focus. I actively make note of how many times a client calls me in bear markets. By then he was married and discussed with his wife about pursuing his passion in personal finance and becoming a financial advisor. If someone has posted a tweet, reply immediately. Khatri, who started Krushna Finance in 1994, manages assets worth 700 crore today. Thanks for sharing this type of articles sir, Very informative and apt. Muthu is quite sure that Direct Plans will disrupt traditional distribution models, and is prepared to take a cut in fees. In 2014, I started posting my favourite quotes to test the waters. They approached companies some were their ex-employers, such as Accenture Plc and Mphasis Ltdand started to hold workshops. We did a lot of this ourselves also. . #GrowwIndependent #IndependenceDay2018 #IndepenceDay2018 Some investors, mostly senior citizens, can be seen going over their portfolios and account statements with their relationship managers. A few lucky connections got him started with managing the regimental funds of the President of Indias bodyguards (a corpus of about 10 lakh at the time), followed by the provident fund (PF) and superannuation trust of GE Capitals India unit (corpus of about 1-2 crore at the time), and later executing the trades of HSBC Indias PF trust. Do they want to buy a house? There are no charges once a prospect becomes a client, as I make it clear to them that I earn a trail commission. We have stringent yardstick for both selecting and removing the funds. D Muthukrishnan is a Chennai-based certified financial planner (CFP). . Looking only at numbers reveal much less of the potential. I used to spend a lot of time on Twitter and still, I was not able to get a decent amount of followers. They have not just established themselves as thought leaders but managed to get more than 10,000 followers. However, I did not stop tweeting. . . . 3 D. Muthukrishnan @dmuthuk. 500 crores by 2020. Bad behaviour got you only 3.93% returns whereas good behaviour got you a decent 12.84%. By asking those who were interested to come to my office, with a prior appointment, and pay me Rs.1000 for a consultation, I stood apart in the prospect's eyes. In contrast to many advisors in the market, Rajaraman focuses more on asset allocation than on product advice. 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. I insisted that they visit me in my office for a personal financial counselling session, and that I would charge them Rs.1000 for the initial consultation, after which there will be no further charges. Click below to get started and see how we can work together. 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. We would also ensure that you remain less active. D.Muthukrishnan | dmuthuk | Stock market Influencer | Company news, announcements, research and analysis - StockInForce D.Muthukrishnan @dmuthuk Amateur investor. They have taken a period of last 10 years, January 2007 to December 2016. How will it impact insurance industry. While studying in college, he got attracted to the stock market. I would rather stay focussed on continuing to serve my existing clients, keep acquiring more clients and keep adding to my AuM. Do you see the difference? Patna MFD scores big, registers over 1100 SIPs in a single day, This Nashik MFD collects e-waste to make India free from digital pollution, This MFD takes Mutual Fund Sahi Hai campaign to 20,000 feet in the Himalayas, How this small town MFD overcame severe challenges to make it big, How this Patna MFD built monthly SIP book of Rs. No Paid Tips. At Sapient Wealth Management, we are in the business of simplify . *. Some clients asked me why I was not present in the social media and couple of them suggested Twitter as a good medium; to share what I'm learning and to learn what others are sharing. While most advisors are yet to reach their first 1000 followers, these two IFAs have taken social media presence to a whole new level. I hold an MBA in Finance from IFMR (Institute for Financial Management and Research). What if clients act against his advice? Financial success is a roller-coaster ride and not a linear path.. As most BPOs work full strength during nighttime, Chadha used to leave his office at 3 pm, spend his afternoons and evenings searching for clients, and then reach GEs BPO office at about 9 pm. . His AuM has now reached Rs.95 crores, and he has firmly set his sights on scaling Rs.500 cr AuM in the next 5 years. His investments, which Venkatkrishnan has been managing, is now worth 27 lakh, she says with a wide smile. Defining his investment strategy as follows (influenced by Terry Smith), Your email address will not be published. By interacting with various people, I have increased my visibility. With a lean operation, Rajaraman swears he cannot survive without technology. This means, Rs.1 lakh invested 10 years ago is now worth Rs.3.35 lakhs. Apart from having among the highest number of SIPs in India, his corpus in equity-linked savings schemes (ELSS) is said to be 100-150 crore, one of the highest among independent financial advisers across India, according to MF industry officials. Do your duty and let the fund do its duty. Meet D Muthukrishnan, one of Chennai's leading certified financial planners. With his many innate interests in investing and personal finance, he used to give financial pieces of advice to many colleagues. Investors give too much importance to the R factor. I have found that you can have short-term success at investing, but toreally create wealth,you need only one thing discipline. They had aspirations to buy a palatial home", a car and also wanted to go on a world tour soon. 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. Our values-based approach to financial planning and wealth management establishes a clear and personalized financial path to assist our clients inpursuing their goals. We also create satellite portfolios using a variety of alternative investments that provide potential downside protection strategies. Some distributors, like Muthukrishnan, are choosy about their clients. Khatri belongs to the community of individuals and institutions who bring financial products to your doorstep. Today Today, he is a Chennai-based Certified Financial Planner (CFP) and the founder of Wise Wealth Advisors, a financial advisory firm that helps clients to build and manage their wealth. development, success stories and industry updates. 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. mywealth.gr / . I was anyway generating interest through my blog, so only those who were really keen came and met me. 0.0 . All this from a two-man officehim and his assistant, Partha. 2258. Check the background of your financial professional on FINRAs BrokerCheck. It is a fact most investors are chasers. What I can't control, I don't want to worry too much about. D Muthukrishnan ARN-44580. Wealth managers do not pay a fee to be considered or placed on the final list of 2012- 2021 Five Star Wealth Managers. Additionally, for the past 18 years, Khatris team has been sending 600 postcards every day, with mantras of investing written on them, in English and Marathi. . Today, with all the Flipkarts and Jabongs, Young Indiais all about spendingmoney. I promise that neither we would chase performance nor allow you to do so. 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. If you dont automatetheir savings, investing becomes impossible. Why Im restating the obvious? During his first three years as a financial advisor (Muthu quit a BPO job at 34 to take up a full-time career in financial advice), the raging bull market of 2006-07 was on. If a patient comes to a doctor, whether it is Ambani or the man on the street, his diagnosis has to be the same. Chadha, himself an avid traveller, makes it a point to visit a new location every year. But those businesses have gone out entirely. The next 10 years of my career was in BPO. Required fields are marked *. Most of us will have to live a middle-class lifestyle. That is when Chadha realised that retail investors money is smaller but also stickier than what comes from large institutions. 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. The latest Tweets from Freedom Wealth (@Wealth_Theory). , , . Not everyone in this world can be a business tycoon or have a top-tier position in a big corporation. Ninety nine per cent of Rajaramans clients, mostly NRIs, give him their entire financial profile to work with their financial goals, cash flows, spending habits. What is your opinion? The Forbes ranking of Americas Top Women Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative and quantitative data, rating thousands of wealth advisors with a minimum of seven years of experience and weighing factors like revenue trends, assets under management, compliance records, industry experience and best practices learned through telephone and in-person interviews. You would think that distributors spend most of the time collecting inflows. His opinions have also been quoted in various magazines and newspapers. I started getting calls from many prospects who read my blog. I would like to end this with a Buffett quote: We will not equate activity with progress. Smart distributors also focus on SIPs. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. This is my 9th year of being an IFA. The content is developed from sources believed to be providing accurate information. I therefore started my own blog. D.Muthukrishnan. The number of new corporate distributors to enroll, too, has gone up, from a low of 182 new registrations in 2012-13 to 611 in 2015-16. It was a bold move at that time, but I saw that running from one client's office to another, having lengthy conversations and hoping for business, was just pitching me in my clients eyes as yet another agent hoping for some business. We help our clients pursue their passions by taking the worry, fear, and concern out of wealth management and financial planning. Followers: 479,876 These are the people you go to buy your next MF, to start your SIP, sometimes to also plan your finances, to get your account statement if your fund house has not sent you one, or to inquire about a lost dividend. : , 4 5 , . View MUTHUKRISHNAN L'S profile on LinkedIn, the world's largest professional community. Chasers Are losers. He handles the finances of about 300 families with 150 crore in AUM. The typical retail investor rushes into equity funds in bull markets and abandons them when the tide turns. That kindled his interest to take up a career as a personal financial advisor. office. Debt to Equity funds | D Muthukrishnan is the founder of Wise Wealth Advisors and a certified financial planner (CFP) in Chennai. I use every possible medium of communication to positively reinforce the need to be long-term, says Muthu. CFP (Certified Financial Planner) and a practicing 'Personal Financial Advisor'. 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. You wont believe how well a simple call works. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. They had a brief chat where she explained the merits of long-term investing and need to stay invested for the long run. . He doesnt offer SIPs as one of the options to his clients; it is the only option. For the first 3 years (2007 to 2009), I did all the traditional sales initiatives that many do - I set up stalls during tax season in IT companies, I gave presentations in rotary clubs etc. 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.