kind of asking Pharmacist dispense drugs...Doctor also doing it too.
is a pharmacist a doctor?
nope...my thinking is...a wealth planner helps the clients evaluate, suggest allocation and protection of the client's assets based on the client's expectations...the final decision is still based on the client's acceptance.......yes, you are right about his roles is to advise.....but in a way, he too also manages the clients money because he advises.

but a fund mgr on the other hands.....allocates the money based on his fund's mandates and his experience and data presented to him at that time about the mkt situation and possible expectation of the mkts in the next few months to invest the clients money. he don't advise the clients. he shows what he expects about the mkts and it is up to the clients to believes and buy or not is still up to the clients.

Role of a Financial Adviser
http://afamalaysia.org/wp-content/uploads/...14_FINAL_v2.pdf

same here,...will advise financial planner to my friends if the value is large....if the value is small investors (value here depends on net asset worth of individual)......I will still recommend FSM so that he can learn first hand about investing.....

because of this IRR numbers, every year of non performing...the funds would have to make extra effort to performs else in the long run it is NOT worth to invest. (IRR dilutes)

timing of entry (luck) play a parts in investing......
if invested in the right funds at the right time (mkts up)...the ROI and IRR will be up. IF that continue to be up for a few years then the ROI and IRR will be high and stayed reasonably well in time of corrections.
well ,...3 years is too short to judge....but if 3 yrs with low IRR,...then it will be very hard to climb up..

Let me indulge you with my analogy:

Lets take an example of a Production Pharmacist working at Pharmaniaga producing a gastric tablet from the factory floor. He produces the finished goods from a collection of raw material.

Similarly a Fund Manager works in a Unit Trust Management Company (Fund House e.g., Public Mutual) to produce a fund. He produce the fund by buying into a series of stocks from the stock exchange.

Lets take an example of a Retail Pharmacist working for Caring Pharmacy selling the gastric tablet to you. He sells that tablet after listening to your medical problem and select the best available solution from his pharmacy.

Similarly a Wealth Manager aka Licensed Financial Planner works at a Licensed Financial Planning Firm. He selects the registered financial product to match your needs after hearing your financial matters and circumstances.

Xuzen

Make sure you have the right licensed. Independent wealth planner (actually the proper term is Licensed Financial Planner) is a regulated activity and you need to get the relevant licensed from BNM and SC.

Xuzen

That, more or less is what I actually understand about wealth planners/financial advisors, its just that a previous post kinda got me confused between advisory fee and fund management fee. Thanks for the explanation!

Eh, I can't remember what I said. 😃 All I know is when there is a storm and there is nowhere to run, sometimes the best solution is to do nothing and to ride it out. 😅

what is the confusion?
Financial planner/wealth planner will not charge advisory fees and annual AUM fees?

hopefully the waiting period will not be too long,...else "IRR Dilutes"

I dont know, apparently some do and some dont charge advisory fees(based on what ppl say in previous posts).
It depends on what we understand about wealth planners/financial planner.

I view them as separate from fund managers. Thus, having said that, I guess it is to my understanding that a financial planner imposes advisory fee (they don't charge AUM fees as they don't take clients' money and invest for them) while a fund manager imposes AUM fee (take their money and invest for them).

Is this correct?

this advisory fees is based on a % of money being monitored by the advisor? or based on flat rate?

Dunno. Thats the question I actually asked, if you read one of my previous posts (#70).

This post has been edited by _azam13: Mar 20 2016, 06:28 PM

Clients can be charged either sales charges, wrap/advisory or combination of the 2.

Sales charges are paid up front, and can be as high as 5.5%, depending on the fund and advisor. Switching and rebalancing will incur additional charges.

This is good for clients whos strategy is buy and hold.

Wrap/advisory fees are charged based on the AUM. This is usually 1.5% annually. Fees are calculate and charged monthly. Switching and rebalancing, even between different fund houses, are free.

This is good for clients who switch often or run complicated strategies. Also, this puts the advisor and client interest aligned, and the advisor is incentivised to continue servicing the client.

Portfolio creation is charged separately, up RM1500, depending on complexity and requirements. Clients paying this fee have the right to do their transactions elsewhere as the advice should be unbiased.

Hope this clarifies the situation.

This post has been edited by lukenn: Mar 21 2016, 11:26 AM

Heyyy thanks for the explanation!

So if don't pay this fee must buy from the planner?

If you didn't pay, the fella probably won't do it for you.

However, if the amount is significant, the fees can be waived/absorbed, if you buy from them.

Then it depends to your negotiation skill lor ...

This post has been edited by lukenn: Mar 21 2016, 11:14 AM

Nego skill is secondary to the amt of moolah you have.....

You invest a kucing kurap MYR 10K, you expect people to waive their rice bowl for you ar?

You invest say MYR 1M, you can expect people to waive it lor...

Xuzen

If more than RM750k, FSM also provide personalised services on portfolio review jor

Long time no drop by...

How's your guys' IRR? Mine dropped to 5.21%. No transactions made for the past 2 months...busy with work and stocks and girls

This post has been edited by Pink Spider: Mar 21 2016, 04:53 PM

Hello stranger
My IRR is currently 6.01%... already better than last month...

Looks like the cursing works.... Aladdin fund perform better than the rest for the past 3 months



So time to start cursing GTF?