How to select financial advisor?
Financial advisors play a pivotal role in investment and financial journey of individuals. They help in acheiving life goals of the person by selecting accurate product based on the risk profile. Choosing a best financial advisor can change your finances. Financial advisors suggest you how to best save, invest, and grow your money.
Mentotax suggests you look for a professional with the following certifications. Financial advisors may have different certifications and experience but the following are considered to be best in the industry.
AMFI Registered Mutual Fund Advisors: Assocoation of Mutual fund in india in order to promote best practices and ethical standards in the business of sale of Mutual Fund scheme has formulated guidelines to financial advisors. These code of conduct and best practices ensure high standards of services to investors. AMFI Registered mutual fund advisor is qualified person to distribute mutual funds.
SEBI Registered Investment Advisor (RIA): Market Regulator -Securities and Exchange Board of India (SEBI) has taken various steps to segregate distribution and advice. SEB has rolled out with Investment Advisers Regulations in 2013. RIA registered with SEBI is compensated only through the fee paid by the investor. This ensures that the RIA protects the interest of the investors. Financial Advisor needs to complete any certification prescribed by SEBI to register as RIA.
CFP (FPSB): Certified Financial Planner Certification is granted to individuals who meet the stringent standards of education, examination, experience and ethics set by FPSB India. FPSB India is the principal licensing body that awards CFP Certifications. CFP (Certified Financial Planner) is generally considered the gold standard in the industry.
Mentotax recommends to choose your financial advisor with these professional qualifications and select wisely for financial independence.
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Good information... Choosing the right financial advisor could help you with managing your finance and also guide you to meet your financial goals as soon as possible.
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Nice post ,your blog is effective and knowledgeable.Are you worrying about managing your money? Don’t worry, there are plenty numbers of financial planners in Chennai
ReplyDelete.They can provide a best way to invest and protect your money.