7 Things To Check With Your Financial Adviser Before Hiring

Posted By:

When there is an increase in income, increases the complexity of investment and financial needs. Even a financial literate may find it difficult to invest on his own to meet his future financial demands.

Depending on your financial health, it is better to consult a financial adviser who can suggest you based on your risk and return on investment.

There are various factor which should be considered before selecting any financial product. Sometimes it is better to leave it on experts.

If you are planning to hire a financial adviser or planner, here are few questing to shoot before hiring:

What are the charges?

Individuals should check what is the fee structure such as whether he will be charging percentage wise or it will be fixed. Or it depends on the profit earned depending on certain factors.

Is he certified to be a financial adviser?

Check whether he is licensed, financial adviser. It is always better to opt for individuals with a qualification such as CA, CPA, or MBA from a decent institute.

Examples of previous clients

One can check how well he has planned finances for his previous clients and how they are performing now. However, financial planning differs with each individual but you can have a fair idea about his knowledge.

Check for his experience

Individuals can opt for a financial adviser with experience in handling different types of clients on their financial needs.

Check whether is an individuals adviser or he is working for a firm

The financial adviser may work with you himself or have others in the office who will assist in the process. If it is firm, check with the reputation of the company. Testimonials and feedback from other clients will help you understand better.

SEBI registered Investment adviser

Individuals can also check SEBI registered Investment advisors list from SEBI portal. Or can check whether your adviser is registered under SEBI.

Check for own branding

Banks and mutual funds company agents sell their own products irrespective of individuals needs.

Read more about: investment, financial planning
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?