You don’t need to read this article if you don’t have at least Rs. 10 crore to invest. If you have a disposable wealth Rs. 50 crore or more, you are quite welcome to the second paragraph.
(This story appears in the 22 January, 2010 issue of Forbes India. To visit our Archives, click here.)
The fee of 0.5 to 2% which a family office charges is over and above the transaction fee which you end up paying. Lets say you invest part of your portfolio in a PMS then also you would pay the PMS fee over and above what family office would charge. Please dont give half truths in your articles.
on Jan 24, 2011It is about time that we do have a regulatory "standard" like any profession. ~late or not. I don't care who steps in, be it the Democrats or Republicans. There seems to be something really wrong with selling advice that "only lines the pockets" of the advisor, meaning commission based advisors versus fee-only planners who really can sell me any product based on "my" individual needs as the client. I really wish as a lay-person who needs my money managed and needs a financial plan that I could have peace of mind through a governing body that doesn't base advice on commissions. After much digging and a few referrals I am so happy I went with a Fee-only planner. I only wish that Fee-only planners along with our government could look at what England recently did and take note. Americans are in trouble and we need to get the sharks- commission based advisors out of the water- and get some true unbiased advice. I've told all my friend's and family to look at Fee-only and this article from England. It's time for change. ~ "England seems to be getting it right with this update." http://news.bbc.co.uk/2/hi/business/8589042.stm
on Sep 25, 2010