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.
 
Login id :
Password :

Joydeep Sen When the instrument matures after a month or two, or when the fund gets fresh subscriptions, that quantum is invested at the then prevailing yield levels.
Wed, 11 Jul 2018 07:49:40 +0530


How MF ratings are changing after SEBI#39;s fund reclassification With the reclassification of mutual funds, there will be a change not only in basis of arriving at performance ratings by rating agencies, but also in the method of analysis to be adopted by the investors while reviewing the performance of the schemes for making investment decisions.
Tue, 10 Jul 2018 11:05:21 +0530


Juzer Gabajiwala The main distinction between capital gains tax and DDT is that DDT is paid by the fund house and not by investors, whereas capital gains tax is paid by the investor
Thu, 28 Jun 2018 08:51:32 +0530


Joydeep Sen If there is an open-ended bond fund that is passively managed with maturity roll-down, investors may opt for it to gradually reduce interest rate risk
Fri, 22 Jun 2018 09:54:53 +0530


How you can help your parents sort their investments systematically Your parents have done their best to secure your future and well-being at every step of the way. It is time you take responsibility for their future wellbeing too.
Thu, 21 Jun 2018 09:51:57 +0530


4 important tips to make the most of close-ended mutual funds Close-ended mutual funds do not have any track record and aren’t open to investors post their initial offer period
Tue, 12 Jun 2018 08:21:17 +0530

Video Box