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5 Things To Know Before Hiring Financial Advisor

Who is a financial advisor?

A financial advisor is an investment professional who is an expert when it comes to managing your saving and other investment related problems. They help you to draw up investment plans, choose the best investment alternative amongst the pool of choices available and enable you to fulfill your wealth related objectives. 

 

Why to consult financial advisor?

Ever tried flying an aircraft on your own? Some of you might have yes as an answer which has been supported by years of intense training and experience of flying a plane. Managing your wealth could be just the same as flying an airplane. 

If you know how to fly it you’d be in the clouds but if you don’t your life could be at high risk so it is advisable to let the pilot handle the yoke. Similarly, if you lack the necessary skill & knowledge of managing investments you should consider a financial planner.  

There are a lot of changes in the ever changing market; a majority of individuals are unable to understand the dynamicity which usually causes a major loss to the investors. Therefore, a financial planner is one that you should consider before investing your hard earned money.

Following are the list of factors that you should consider before appointing a financial advisor.

  • Decide whether you need a financial advisor

Considering a financial advisor is always a good thing to go for, but the advice usually carries a brokerage or commission. This decision normally depends upon the investor’s knowledge, education and other related factors. If you have a strong knowledge of the fields of finance and generally keep yourself updated you might skip the option of hiring a financial advisor. Otherwise it is highly recommend considering a financial advisor. 

  • Find a Reputable Advisor

Before consulting a financial advisor, you must check his reputation, feedback & reviews of the past and current clients.  There are a lot of financial advisory firms available in the markets which have good repute and a loyal customer base which makes your investment safer.  

  • Past performance of the financial advisor 

Before investing your hard earned money you should be aware of the past tracking records of the financial advisor. A lot of people are shy about asking for proof that whether their financial planner actually has a successful track record managing accounts.   

  • The Education Level & Certifications of the financial planner 

The government has various certification & education bodies which skeptically check the competence of the financial planner. Such certifications are an assurance that the individual which you are referring to is a genuine expert in the fields of investment and has a better command over understanding the dynamics of the market. 

  • Know when to consult a new advisor

There could be a lot of possible situations where you might want to shift to a new financial planner in place of the current one. A good advisor is one which understands your investment needs, has multiple conversations with you, discussing your long term goals and assessing your plan. If you feel that your advisor is not able to serve to your expectations, give good suggestions or is unable to help you achieve your investment objectives you should consider a new business planner.

 

Who is VSRK?

VSRK is one of the financial advisory firms in Delhi, giving advisory on mutual funds, life insurance, general insurance, pre-IPO, PMF, IVF and other structured financial products. 

 

Why should you choose us?

Here at VSRK we advise about your financial needs at different level of your age, be it for your child’s education, pension plans, medical insurance plans or making huge investments for profitable businesses. That’s what makes us one of the best financial business planners in Delhi

 

Our awards

  • VSRK has been a member of UTI Mutual Fund Chairman Club since 2008.  
  • VSRK has been awarded as wealth management firms in Delhi by Pan India in Distribution of UTI Mutual Fund products in IFA Category for the year 2009-2010.

VSRK has also been awarded IFA Category WEALTH FORUM Advisor Award – 2010 for Highest Growth in AUM Equity + Hybrid), North Zone – Delhi Region for financial business planner in Delhi

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