#1 Financial Expertise
Financial experts have had more exposure to the markets and have the expertise of being investment advisors for several hundred customers. As you focus on your expertise area, the financial experts bring more value to the area of investment management.
#2 Overload of Choices & Information
The market has changed a lot in the last few decades and is more dynamic. The digital intervention has multiplied the options and choices available to the investor. Wading through these advertisements and selecting the right choice needs the specialized help of an investment advisor.
#3 Constant Review of Your Investment
Investment management is not like a fixed deposit. One needs to constantly monitor, review and make adjustments as per market conditions to maximize the returns.
#4 Save Time and Reduce Stress
Managing money needs its own bandwidth and time. Given the hectic day jobs, a financial advisor whose day job is to manage your money is the right person to for the job. We manage your wealth while you manage your health.
#5 Personalized Services
Investment advisory and managing money cannot be a commodity. It needs understanding your risk capacity, guiding you through the goals and helping you take the right decision. There is a lot of personalization that is required and your investment advisor gives you exactly that.
#6 Guiding Through Life’s Transitions
Life isn’t going to be the same forever. While you’d have set up some financial goals, there might be changes on the way. An investment advisor will smoothly guide you through the process and ensures that your needs are addressed without significant disruption in your savings.
#7 Avoid Common Financial Planning Mistakes And Pitfalls
A sound investment advisor will ensure that you avoid common pitfalls and mistakes, such that your learning is not expensive.
While it is clear that one needs an investment advisor, it is equally important that you select the right advisor. We will shortly talk about the steps in selecting the right investment advisor.
Do let me know what you think.
Prateek
Associate – Advisory
