It's
your fault that the stock market hasn't been performing well.
It's
your fault your client hasn't achieved his goals. But is it really?
Or
is it just a misunderstanding?
As
most of you know I was a Financial Planner for over
15 years…
So I
know what you go through day by day to justify to your clients results that are
out of your control.
It's a
funny thing but I had clients with both share based portfolios and many with
large property portfolios. And
I discovered one interesting thing:
When
the share market fell it was my fault but when property went into the
doldrums that wasn't my fault...
The
client’s perspective was that property results were out of my control.
It's
pretty easy to see now why I gradually moved most of my clients into
properties.
But in
those days we were commission based income so until I worked out how to get
paid for property it wasn't good on my income... Butat least I didn't get yelled
at.
Nowadays it's a whole new world with most clients paying their Financial Planner an annual fee
for service. That
makes it easy for Financial Planner to suggest that their clients consider property in their
portfolios but still not many do.
Those
that do however have very happy clients with Property averaging over 9% for the
last 10 years.
So how
do you do it and get around compliance?
Give
me a call and we can talk about making your clients happy... Or at least them
not blaming you.
I now
have nearly a thousand happy clients. So can you…
No comments:
Post a Comment