Pray what extraordinary talent is required to understand risk profile of a person? The fact of the matter is that like religion, whoever could not make a career out of the core profession, creates an off shoot and come out with a fancy tag! What is the extra stuff that is being taught which is not being covered under the CA course? For any one's financial planning all that is required is a basic knowledge of arithmetic, time value of money, tax implications on the returns from a particular mode of investment and finally a 20 / 20 eye sight or a good reading lenses to read all the fine print that is printed well below the accepted legal point size, by the esteemed companies run by professionals and marketed by the Certified Financial Planners! Again one is reminded of Warren buffet : Wall street is a funny place where guys go in rolls royce to get advice from an individual travelling in the metro! Guys nothing personal against any professional body or individual! The whole thing is a paradox - If you have enough money, you dont need a planner and if you dont have enough of money still you dont need a planner!
