Hi Deven,
There are 2 reasons
- This is an opportunity to help people build wealth over long term. There are many people who are not aware about the basic tenets of building wealth through equities and who need financial advisor/MFD distributor to guide them.
- It is a steadier business than equity investing. If somebody does it seriously ( I am not focusing so much on this right now), then it can become a significant annuity business. Plus there is no dearth of business for a motivated/dedicated person.
Regards
Nikhil
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