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Should affluent investors hire multiple advisors?Deepak Chabbria, Axiom Financial Services, Bangalore

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Key Take-Aways
  • Many investors think that diversification can be achieved through multiple advisors. However, it can lead to additional risk due to overlaps, conflicting views, lack of proper asset allocation.

  • With multiple advisors, investors are busy deciding on which product to invest and duplicating paperwork. Instead of managing money, it becomes product shopping.

  • Investors run the risk of losing their personal privacy with multiple advisors. Financial matters should remain confidential and private and that is easier to maintain with one advisor.

  • Diversification across asset classes and geographies are useful for HNIs. Determining product depends on portfolio size, liquidity requirement and risk taking ability.

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Comments Posted
CHHEDA Rajesh ARN NO :Finance Fac PANJIM, 31 Jul 2018

Simply awesome. Succinctly put in the thoughts and drove the message home. Great Deepak!!

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