Can you say ‘My financial planner india is the best’?

With the urge to make more and more money increasing in today’s times where the market is characterized by volatility, people of all social strata are looking up to financial planners as their messiah. Many people, right from small businessmen to affluent industrialists have a personal financial planner. But the point is, how many of them can confidently say, ‘my financial planner india is the best’? If you can say something like this with conviction, you are probably among the chosen few who have access to a good financial advisor.



So what about all those who don’t have access to a good financial advisor? How can you find the best one? Here’s something that might help you out!

Experience is vital!
They say that education is the single most important thing that can make a difference. However, when it comes to financial planning, experience is at times much more important. An experienced financial advisor would have seen the market during all its ups and downs and therefore will have an experience of handling your money well when such situations arise again.

Educational degree!
Wouldn’t you get horrified if you came to know that the doctor who is about to perform a heart surgery on you doesn’t have a doctor’s degree? Why would you then hire anyone who doesn’t have an educational qualification pertaining to the field of investments, banking, and finance? After all, a financial planner is just like a doctor since he improves your financial health! Make sure that your advisor is well educated and holds a degree such as CFA, CA, CFP, and the likes.
 
Setting some records straight!
It is very important to know about the past records of your financial advisor, and for the same, you might want to visit the website of any governing body and/or organization that they are registered with. Any complaint filed against them will definitely be put up. Another good way to know about the advisor’s conduct and performance is by calling up his past and present clients. We humans are really good at expressing our displeasure. If the advisor isn’t good, no client will lie!

Compensation!
You need to ask the financial advisor how he will be compensated. Make sure that your financial planning expert gives you the answer to this question in writing. There is a good chance that the advisor might change his quotations later on so unless you have it from them in writing, do not proceed. Financial advisors find it rather easy to manipulate the percentage of commission according to their situation.

Their forte!
Not every financial planning guy can offer you advice on everything. There are specialized advisors and while some will advice you on shares, few others might be experts at mutual fund investments. So always go behind someone who can offer you good value for money. If you want all kinds of services, then there are various financial companies in india that offer different kinds of advisors for giving you advice on financial instruments.