A guide on why & how to find financial advisor in India for yourself?


Managing expenses all by yourself is a hectic task. Not everyone has such skillset. It requires effort, hard work and knowledge about the financial sector to invest in the right place. And save money in genuine organizations that promise higher profitable returns. Some people make the mistake of doing it all by themselves. Others take the advice from their near and dear ones. In both these cases, there are high possible chances of landing in trouble. So, for your financial success, it is of paramount importance that you must find financial advisor according to your need.

Neither you nor your close ones have knowledge about this domain. It requires in-depth knowledge about the financial sector and years of experience to understand how to manage your expenses, where to invest and save along with opting the right financial products or services. This kind of services can only be provided by a financial advisor. So some of the main reasons to choose a financial planner for a long-term financial stability are outlined as follows-

1. A financial advisor undergoes a thorough analysis of your financial health!

A deft and experienced financial planner is the only person who can understand your financial scenario and help you reach towards financial stability. There is possibly a no better person who can understand your financial health in a better way. A financial planner will thoroughly analyze your situation, your earnings, and expenditure before they come up with a fruitful financial plan. Tracking down your expenditure and keeping a note of your earnings will help prepare an effective financial plan. This is very much essential for your better financial health.

2. Good investment advisors help make the right investment choices!

It is said that the right investment choices can always prove to be beneficial in the long term. So, if you are aiming towards accumulating a sound financial position in life, it is important to invest your hard-earned money in the right places where you get the maximum amount of profit. The wrong investment can always result in a huge financial loss. Be it a mutual fund or life insurance, investment advisors can always help you in investing money in the right places that would result in maximum gains.

3. Financial planner identifies market risks easily!

Foreseeing and identifying the market risks is very important to avoid monetary losses. This can be possible if you seek financial advice from an expert. Years of experience will always make an expert foresee market risks and identify it to save you from heavy losses. So, if you are planning to invest or opt for a particular financial product or service, it is high time you take the suggestion of financial experts first.

4. An insurance advisor get you the right insurance plan!

Getting the right insurance plan is challenging for many people. Often, we end up taking insurance plans that we do not require. So, when you are actually in need of it, your insurance plan would be of no use! A financial planner can be your ideal insurance adviser to let you the type and amount of insurance you need. Be it life insurance health insurance or property insurance, the right plan can always help you save a lot of money during unfortunate incidents.

5. A professional advisor help you reach your financial goals faster!

A financial adviser can always help you to have short-term and long-term financial goals. This is an important step to focus on, especially if you are If you are aiming towards building a lot of wealth. Your goals would be more realistic and easier to reach when you have an expert with you. Small steps towards the goal will always help you to achieve what you have been seeking for. Gaining financial stability isn’t an easy task. It comes with its own challenges. So, it is always better to best financial advisors to reach your targets.

6. What things you should consider while getting the right financial advisor

These are some of the reasons for which you require a financial planner for yourself. Now that you are aware of financial advisor benefits, it is important to get the right person to assess your financial health. Many wonders on how to get the right expert who can seamlessly manage everything. Some of the important considerations that one needs to follow in this regard are as follows-

7. Check the fiduciary standard of the advisors

A firm or an individual financial planner who holds a fiduciary standard always works in the best interests of the client. A fiduciary has this legal obligation to put the client’s address ahead of them. They should be fair, transparent and balanced at the same time. It will also be held to the highest ethical standards. They are also expected to disclose and address potential conflicts of interest to their clients.

8. Check their credentials and authenticity

Always choose well-establish firm or individual financial adviser. Only then, they would be able to understand your financial scenario and give you the best possible advise. It must be a well-accredited firm with people who have relevant years of experience in this domain. Also, the firm must have proper registration to work in the domain. Furthermore, it must comply with all the legal and ethical standards at the same time. Check the credentials of the experts you are hiring along with ensuring the authenticity of the firm.

9. Transparency and trust factor of the financial advisor

It is very important for an investment advisor or a financial expert to educate you with their plan and the decisions they make for your financial stability. They must be transparent enough to educate you about the investment objectives planned by them. You should consider that the financial planner you choose must have the ability to educate you and is willing to be transparent. They should always listen to their clients patiently speak clearly to them and be responsive as and when needed. The right financial adviser will not just listen and provide their valuable advice but will also speak up if the client is in danger that can cut financial security.

10. A prudent investment process

One of the main reasons why people land in trouble is because they are not aware of the investment process implement by their financial advisors. A trusted and renowned firm will always explain the investment process to you in simple terms without the use of any jargons. They will make you aware of the products and investment vehicles that they favor, who will be your point of contact, how often will you meet with your financial advisor and other important points.

11. Clear performance reports

It is important to find out how and when you will assess and review your portfolio. Do not forget to figure out whether the firm or the independent financial expert is ready to provide performance holding. Along with it they must also provide transaction reports that are easy and clear to understand. Also, figure out how often will you receive the reports.

Be it a mutual fund advisor, investment advisor or a financial expert, it is important to get the right person to assess your entire financial scenario and make fruitful financial decisions. Moneydial helps you find the best financial advisers in a simple, quick and hassle-free manner. Be it insurance needs, financial planning or help related to loans, Moneydial will always help you to find the right financial expert to you. With the help of just one click, you can check the background of these experienced financial advisors who will try their best to help you have a financial stability.


About Author


Priyanka Gaur is a blogger & creative writer with a specialty in Financial Products & Services. An avid reader & a financial analyst herself, Priyanka covers almost entire personal finance space with equal expertise & depth. Priyanka analyses and writes the articles in such a simple way that she makes even the most complicated financial subjects look easy & fun to understand. Besides blogging & writing, Priyanka also manages the product at Money Dial.

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