How do I find and choose a good investment advisor?

 

good investment advisor

Finding a good investment or financial advisor was indeed a treacherous job some years ago but thanks to the Securities & Exchange Board of India (SEBI), bringing about the Investment Adviser regulations in the year 2013 that all the financial advisers’ activities are now properly regulated and kept under proper surveillance. It was a benchmark regulation in brought on the table to protect the rights and interests of the investors who were previously lured of their investments by those falsely proclaimed or were not qualified to give any sort of service of investment advice.

You can refer the SEBI website to check out the list of the SEBI registered Investment advisors (RIA) in India. The list is lengthy and does not have any segregation on the basis of fees so you’ll need to research and then opt for the one that suits in all aspects.

Finanz India is one such financial advisor in Nashik. You can get in touch with us and book a free consultation call to understand our service and other aspects of it.

How to take that important step to select the best financial advisor?

There are many in around the finance circle or even around you who claim to be the best financial advisor in the city or state or even in India. They generally make tall claims of regularly generating high level of returns and some even assure or guarantee it. We generally warn individuals to be aware and if possible to stay away from such tall but false claims. Rather first try and understand the right way to go for and actually choose the best financial advisor in India. Now, the main question as the header of the article goes how to select the best one. Then, just relax let us now take into consideration some points that you must consider as must haves for any individual or organization to proclaim themselves to be the best financial advisor in India.

First & most important look out for SEBI registered Investment Advisor

The Securities & Exchange Board being the apex regulator for the financial markets and allied services in India, it is mandatory for any organization or individual in the business of financial planning services to be registered with SEBI. Just get on to the SEBI website where you’ll get the completed list of SEBI registered Investment Advisors.

Second clear indicator is being a Certified Financial Planner

A Certified financial planner is certified by the financial planning standard board (USA) which certifies individuals who successfully go through their strict norms which are related to personal finance. It is a world- wide recognized certification and definitely is ranked high by the individuals who are seeking help of advisors in financial planning.

Apart from these two rather mandatory criteria there are certain types in which investment advisors are characterized. These are as follows:

1.     Fee Only Financial Advisors: Gets direct compensation from the investors.

2.     Fee Based Financial Advisors: Charges the investor for planning and might even revive the commission.

3.     Distributors of Financial Instruments : Sells financial instruments like Mutual Funds, Stocks, Insurances, etc.

The Final Word

To sum it up there is only one thing to say which was best described in TVC commercials “Choose Wisely Live Well.”