Dear Sir/Madam,
I am an IFA whose lost job and looking at Financial Planner as a career, but the way i approach my clients and they respond that they are DIRECTLY Investing in MUTUAL FUNDS through ET MONEY where there is ZERO Commission mentioned on their portal.
ET Money has created a portal (platform) for customers to buy mutual funds. we are ok. But the way they Promote on TV, Newspaper, Social Media & Internet that you invest in Mutual Funds Directly and save on ZERO Commission and earn extra returns, is not the correct way to acquire business.
They can promote to customers to Invest in Direct Mutual Funds but not the way they are doing.
If this expected from ET Money then stop giving ARN numbers to new Individuals who are Dreaming to make career in Financial Planning because they will not get any Business from customers and slowly these people will be JOBLESS from this self employed career also.
My humble request to look into this and save the IFAs from getting jobless.
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