Attention: Financial advisors Bengaluru who can make you rich in 2 months!

by Financial Planning Financial Planners and Planning

There is hardly someone who can predict the future. Well, there were soothsayers back during the Roman times, but as we’ve progressed, such people have ceased to exist! In fact, if there were such people, everyone would to go them for seeking advice on monetary issues. The only good alternative that we are left with is financial advisors Bengaluru! Given their educational qualification, sheer experience, and a brain that’s constantly analyzing the market, they are our best bet if we want to increase our net wealth and improve the shape of our finances.

Do you know it is possible for a financial advisor to actually make you rich in two months? Well, while your money might not multiply heavily in two months, a definite course can be set that will ensure that your future is monetarily bright. By understanding your financial aspirations, an advisor can work out the best possible investments such as insurance plans to keep your family financially secure, health protection schemes to ensure that you don’t have to incur heavy costs of medical treatments, children’s education plans, and retirement schemes.

It won’t take a good advisor more than two months to work out what will suit you the best. Depending upon the same, he can prepare your financial investment chart that will help you to invest money in different schemes at regular intervals. To start with, you need to find a financial advisor who is so efficient. Most of us often end up with the wrong advisors, who are merely salesmen or brokers! And while many websites offer tips to choose the right financial planner Bengaluru, we will offer you tips to avoid the wrong ones!

Don’t trust recommendations & references too much!

Every person is financially different. The kind of investments that suit your best friend might not be the ones that suit you. It is therefore advisable to be careful while taking recommendations. Sure, you must ask your family members, friends, and colleagues for references of financial advisors but you should never blindly hire them without interviews and assessments.

Don’t invest over the phone!

Day in and day out, call center executives irritate us with their sales calls. A lot of them are really persistent that we buy a certain scheme. You should never give in to them because they are not financial planners Bengaluru! They are merely sales executives who have to sell policies and investment schemes in order to meet their sales targets for the month. So the next time someone tries to lure you into buying stocks that will double in a month, just disconnect the call!

Not understanding the mode of payment!

There are several different ways in which a financial planner gets compensated. You’ve the commission basis, the fixed fee based structure, a monthly salary, and a combination of various methods. If your financial advisor wants to get compensated on commission basis, you should ask them for a definite percentage. Don’t allow them to get away with vague answers.