|
When it comes to working with numbers and large financial terms, our mind often goes for a toss. After all, it's not easy for everyone to manage their own finances. There are a few people who are good with logic and analytics and can thus manage their own expenses. Others need not worry, for they can hire services of a financial planner. Financial planners are expert in the field of financial planning and are well read on a variety of topics such as investments, banking and insurance, real estate, mutual funds and other related policies. They generally complete a degree from fields such as business administration, financial management and later opt for a post graduate diploma or a master's degree in financial planning and management. Coming from such a background, coupled with the experience they've, they can be your best bet for safely investing money. Since the investment market is booming, you'll find a financial consultant in every nook and corner of your area. However, beware of those who fraudulently invest money at the wrong places. They might get you in trouble and can always bring with them a certain risk of losing your money. That's why it's important to find someone who's genuine and can handle your money like his own, i.e. carefully! To select the best financial consultant, you should consider a lot of important areas to see if the advisor fits the bill. Here's the most common way to start: - Check his credentials: Credentials involve a lot of things such as the degree, experience in this field, overall reputation etc. First of all, you should check the degree your financial consultant has. They should at least be qualified enough in this field to be able to take up the job. As a client, you should be fully satisfied on the same. Secondly, check the number of years the advisor has been working in this field. Anywhere above 4-5 odd years is a good number of years gain experience. Thirdly, check if the advisor has received any award on behalf of any recognizing committee.
- Method of remuneration: There are a few financial advisors and wealth management India firms who charge a commission on every single thing they do. Others generally charge a lump sum for the services they provide. It would be preferable to go for the latter one since he might strive hard the entire month to be able to deservedly live up to the monthly remuneration you will give him.
Financial advisors with a good experience know what's best for investment. Whether it's a fixed deposit or the best performing mutual funds India, they will disclose everything to you before asking you for your preference.
Related Articles -
wealth management india, mutual funds india, financial planners,
|
