Choosing A Financial Advisor/Planner

 
The best way to seek a reference of a person who is happy with his advisor’s services.
 
He (advisor) should be passionate about his work.
 
He must have genuine desire to serve you.
 
He should have completed a professional, reputed course such as “CERTIFIED FINANCIAL PLANNER” to upgrade his knowledge. If he is keeping updated with the latest educational courses, you are likely to be the winner.
 
It is essential to know his experience in the advisory profession.
 
He should have guiding poles around his service area, which confirms that he is genuine.
 
You visit his office and find out his personal behavior, honesty, integrity with his services, pays taxes honestly etc.
 
You need to find out if he is competent to serve various asset classes of your choice.
 
He must provide proper financial solutions to your dreams and goals.
 
He should serve to execute your plans by helping in buying, selling, redeeming, switching and many other operational aspects.
 
He must go for periodic review and advice for a change and rebalance your portfolio.
 
He must offer a bunch of standard services to choose from.
 
His maximum charge to be negligible when compared to the impact a portfolio return can have, based on the quality of his advice.
 
If he charges fee to you, make a contract (mostly 1 year) which specifies the time frame of service.
 
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Wed, 29 Aug 2018 07:52:27 +0530

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