Importance of Financial Advice

by Jayant Harde Our associates have a rich corporate experience of

Picture this. You are on a surgical table, your insides open and the one performing the surgery on you is you! When you have woken from that nightmare, let's talk about doing something less scary, yet daunting no doubt -- investing your money.

You have been working for some time now. The end of a financial year always reminds you that you can save taxes by making investments. So do banks and other financial institutions who nudge you to invest for a better tomorrow. You want to get better at managing and growing your money, you've probably even researched a bit about investing. You are at a crossroads and are wondering: *should I invest by myself or seek an advisor?* Here are factors to weigh in for each choice:


There is a lot to know.

Let's face it. What we should do with our money is everybody's top concern. There is a lot of information out there on the Internet -- on blogs, videos and mobile apps -- about money management and investing. But simply having access to so much information does not make it any easier to make investment decisions. In fact, the information could only lead to being overwhelmed.

*Investing is personal:* What you want your money to do depends upon your personal needs and goals. Generic advice is of little help.

We need advice that emphasises these factors -- something that isn't easy to find.

1. You need to be up to date with regulations. A general piece of investing information for instance -- “you must diversify your investment portfolio” -- can only lead you in a particular direction. But how to apply it to your finances requires a lot more understanding. Knowing what diversification means and just how diverse your portfolio should be are just starting points.

2. You also need to be up to date on the dynamic space of investing regulations put in place by various regulatory bodies. This is so you can benefit most from the investment and not be taken for a ride by tall claims of a particular financial product.

3. In short, being a financial expert yourself is time - and effort - consuming and may not give the desired results. Let's have a look at what an advisor can bring to the table.


He/she is an expert.

A sound financial advisor is one who not only has expertise with investing but also one who can bank on his/ her vast experience of dealing with a range of investment needs and scenarios.

*Who is a financial advisor?*

Financial advice comes from many corners: your chartered accountant, an insurance agent, an investment advisor or a certified financial planner. Everybody's role and motivation to give you advice is different. Knowing what those motivations are is crucial for your financial goals.

*Finding the right one*

We need advice the most when we have a lot to invest or are facing a difficult financial situation. Whether it is these extremes or anytime you start getting an income, finding the right advisor is crucial. Who is the right one? The one you know who has your best interests in his/her mind and is product agnostic.

*The Verdict: You are the king*

You are an expert in knowing what you want from your life and money. Sure you can't operate on yourself, but you know your needs well enough so you can ask the right questions to the right doctor. So even with professional advice, in the end, you need to make sure your interests are taken care of well.

To know more about Importance of Financial Advice, kindly contact Jayant Harde on 9373284136 or +91 7122282029. You can also visit our website:


Sponsor Ads

About Jayant Harde Innovator   Our associates have a rich corporate experience of

27 connections, 0 recommendations, 79 honor points.
Joined APSense since, June 21st, 2019, From Nagpur, India.

Created on Oct 12th 2020 03:12. Viewed 237 times.


No comment, be the first to comment.
Please sign in before you comment.