Need Finance Advisor/ CA

ak4net · Post by **ak4net** » Sun May 23, 2010 2:42 am

Hello,

While have been following this forum for a long time, R2I just got confirmed and in a hurry....getting a good offer in India and have to move in <2 months. Been in US 7 years, have GC and plan to retain and if possible go for USC in 2012. Income at this point ~120K/yr and savings of $200K+ in US. India salary will be $100K/yr+. Worked in India before coming to US so rupee accounts also in India ~100K.

Right now have little time to pursue a Do-it-yourself on all the financial planning- taxes, 401K etc. etc. Therefore the 100K question:

Can people please recommend a really good and yet not expensive CA, finance advisor who can hand-hold me through this? I am looking for recommendations based on real experience if possible.

Thanks you very much

ak4net · Post by **ak4net** » Fri Jun 04, 2010 8:46 am

Has anyone used the firm advertising on this site as usindiatax.......

Bobus/ RRK/ other gurus- can you help?

gopinathpc · Post by **gopinathpc** » Fri Jun 04, 2010 10:00 am

ak4net;290578Hello,

While have been following this forum for a long time, R2I just got confirmed and in a hurry....getting a good offer in India and have to move in <2 months. Been in US 7 years, have GC and plan to retain and if possible go for USC in 2012. Income at this point ~120K/yr and savings of $200K+ in US. India salary will be $100K/yr+. Worked in India before coming to US so rupee accounts also in India ~100K.

Right now have little time to pursue a Do-it-yourself on all the financial planning- taxes, 401K etc. etc. Therefore the 100K question:

Can people please recommend a really good and yet not expensive CA, finance advisor who can hand-hold me through this? I am looking for recommendations based on real experience if possible.

Thanks you very much

I am a registered financial advisor (in CA) and can help.
My services are completely free to my clients. If interested you can contact me.

Desi · Post by **Desi** » Sat Jun 05, 2010 6:41 pm

gopinathpc;293872I am a registered financial advisor (in CA) and can help.
My services are completely free to my clients. If interested you can contact me.

"Completely free services" to clients - that is a great service and to be commended.

I was curious how do you make money, if your services to your clients are completely free - care to comment?

blrblr · Post by **blrblr** » Sun Jun 06, 2010 8:22 am

I would be worried about a free service (including "free" investment advice from most bank's HNI relationship managers & wealth advisers)!

There is always the possibility that one may have to go from worrying about "return on capital" to "return of capital"!!

gopinathpc · Post by **gopinathpc** » Sun Jun 06, 2010 12:06 pm

Desi;294215"Completely free services" to clients - that is a great service and to be commended.

I was curious how do you make money, if your services to your clients are completely free - care to comment?

I make money through commissions paid by the mutual fund companies. So, there's no need to charge my clients.

Desi · Post by **Desi** » Sun Jun 06, 2010 6:05 pm

Gopinath,

Thank you, so you sell load funds.

gopinathpc · Post by **gopinathpc** » Sun Jun 06, 2010 6:45 pm

Desi;294388Gopinath,

Thank you, so you sell load funds.

No. We sell Class B (no load funds) as well.

Desi · Post by **Desi** » Sun Jun 06, 2010 7:32 pm

gopinathpc;294392No. We sell Class B (no load funds) as well.

Thanks. But, one cannot call class B as NO LOAD - they clearly have back end load if not held for a minimum period and charge money by jacking up expense ratio.

1. So with class B shares, the buyer is essentially locked into holding the share for 5 or more years and if they try to exit early, they have to pay an exit load charge - correct?

2. What is the typical expense ratio on class B shares that you recommend? Please provide one or two examples?

gopinathpc · Post by **gopinathpc** » Sun Jun 06, 2010 8:06 pm

Desi;294396Thanks. But, one cannot call class B as NO LOAD - they clearly have back end load if not held for a minimum period and charge money by jacking up expense ratio.

1. So with class B shares, the buyer is essentially locked into holding the share for 5 or more years and if they try to exit early, they have to pay an exit load charge - correct?

2. What is the typical expense ratio on class B shares that you recommend? Please provide one or two examples?

Fund recommendation is based on individual risk profile and so can't name funds before analysing their goals, age, risk profile etc.
Typical expense ratio is between .5 to 1.5%. If you want 0% expense, then you can invest in ETF.
The main reason why I don't charge my clients is that I don't depend on this for my living as I am a software engineering director and make very
decent money . I do this investment services more out of passion to help others than anything else. I believe I can make use of
my investment experience to help others.