Grapevineunofficial
Grapevineunofficial
Startup

60lac + salary - do you have a wealth manager?

10mo ago
Hellfire737
Hellfire737
Microsoft10mo

Let me get to that salary first. Will let you know post that. 🥲

PatraniMacchi
PatraniMacchi
FAANG10mo

What role do you have in msft currently?

Tomatwo
Tomatwo
Student10mo
Sreekanth
Sreekanth
Unnamed10mo

60 lakh - wealth manager. Wealth manager is assigned or needed if you run into crores not lakhs. You can't even open a private account in big banks with 60 lakh salary. Usually people take CFP help not wealth managers for that kind of salary.

Grapevineunofficial
Grapevineunofficial
Startup10mo

Not really. Wealth management client is anyone who has an investinle income of 50 lacs

Grapevineunofficial
Grapevineunofficial
Startup10mo

Who said wealth managers don't have cfa, caia, cfp certification? They also have nims and others that they take every 2 years or less mandatory

ElonMast
ElonMast
Amazon10mo

It all depends on your personal finance knowledge and interest. If you don’t enjoy, outsourcing is better. If you are disciplined, understand finance, best is to handle it yourself. Even if you don’t want a direct exposure to stocks, get an exposure via MFs.

Nobody loves your money more than you!

FunnyBones
FunnyBones
Plivo10mo

It might make more sense if one has 1 cr+ fairly liquid corpus

DiwaliBonus
DiwaliBonus
Zomato10mo

No. If you can afford the time, DIY >> Wealth managers. I don't think I'll get one until I reach 2cr+ comp. Until then it's fairly easy.

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