Do you find yourself wondering if you need a financial advisor in Kolkata to plan and manage your finances? Keep on reading the article as it might help you decide for yourself.
Managing finances can be overwhelming in this modern era. With infinite financial information at your disposal, thanks to the internet, it can leave you more baffled than informed. That is where a financial advisor can come to your rescue. In this article, we will enlighten you on everything you need to know about a financial advisor. Let’s get started.
Who is a financial advisor?
A financial advisor, as the name suggests, is a professional that provides expertise for clients’ decisions around money matters, personal finances, and investments. They assist their clients in making informed decisions by giving them precise, fair-minded counsel to enable customers to meet their money-related objectives.
Why do you need a financial advisor?
Financial advisors being proficient in their craft, assist you to make intelligent decisions to grow your money. Their expertise benefits the investors in multiple ways that might range from investing, financial planning, retirement planning to asset allocation and more. They ensure a secured financial future for their clients by employing their sharp knowledge of the management of their clients’ investments in the extended year.
Criteria for choosing the right financial advisor:
Credentials: Financial advisors are accountable to have a legitimate licence to carry on in their profession. While there are serval licences that a financial advisor can obtain to become one, the Certified Financial Planner (CFP) is the standard licence in the industry.
Ethics: Since financial advisors are responsible for financing the finances of their clients, it becomes necessary for them to have a clear legal and ethical record. They should not have a history of any criminal charges, investigations, bankruptcies or unpaid liens against them.
Experience: Like any other craft, a financial advisor with a long tail of experience in the field to exhibit to its clients are most preferable partners for the financial security of an individual. Their conventional education, coupled with their practical experience makes them the aptest advisor to trust them with your finances.
Likeability and trustworthiness of an advisor: The relationship between a financial advisor and an investor is one that is created for a long haul. It is one of the most intimate business relationship formed between the advisor and its clientele. That makes it eminent for investors to be comfortable with their advisors and be able to trust them with their finances. Although trustworthiness depends on many factors, likeability can be sorted out by setting some one-on-one meetings with the advisor.
Are you looking for a proficient and reliable financial advisor to help you plan your finances? Contact Paisa Invest today!
