You work hard so that you and your family get to enjoy the fruits of your labour. You spend about 35-40 years of your prime life at work, just so that you may earn enough to meet your goals. If you are putting in so much time and effort to earn the money, how come you spend so little time to ensure that it is properly deployed/ allocated so that you may meet your goals?
Isn't it an irony that we spend so much time to plan a holiday or a birthday party, but would not spend time to manage our own finances?
Many find managing finances to be a exercise in drudgery. Some are plain uninterested in finances. If you are neglecting your finances because finance is such a bore or you would rather spend your time with your family than go over the brochures, balance the numbers and create a strategy to achieve future goals - you need to get professional help.
"When so much depends on finances, choose an advisor you can depend upon..."
But, you need to choose your advisors wisely as this can make or mar your future itself! You will find below some pointers towards how you could choose a financial planner/ adviser. Go through this carefully, before you make the choice.
Experience is important. Findout how long the person has been in the advisory field alone. Ask them for proof of true advisory experience. Many advisors have just come into the field and you may end up being the guinea pig. Advisors with less experience may not have seen different situations as much as one with experience.
Identifying the best, top, top-notch financial planner/ adviser may take up some of your time. But choosing the first advisor who comes along would be fraught with danger - as you would then leave it to chance. This is too risky to leave this game changing decision to chance. If you follow these steps, you would end up with a competent, reliable financial planner/ advisor, who would most probably suit you.
Also, check out the following links to get further information on this important aspect -
- 1. How to choose a financial planner in India?
- 2. A short guide to hiring a good financial planner.
- 3. How to choose a financial planner?
- 4. 10 questions to ask when choosing a financial advisor