What would a Top Financial Advisor would tell you about Investment planning?

Financial planners are experts that assist organizations and individuals in developing investment strategies that satisfy long-term objectives.
Written by
Danish Mohd
Published on
September 25, 2023

Thank the Securities Exchange Board of India (SEBI) for releasing the SEBI Investment Adviser regulations in 2013 to control the actions of those claiming to be financial advisors if you're unsure how to select the best financial advisor in India.

This rule protects investors from being duped by unqualified individuals who provide investment advice. SEBI requires registration for any individual or business wanting to provide investment advising services.

You should be able to find a list of SEBI Registered Investment Advisers (RIA) in India on the SEBI website. However, this list does not distinguish between fee-based and fee-only financial planners.

The following are some crucial points on:

How to find a financial advisor for investment planning

1. Check the credentials: 

People look for a financial planner through friends and family or by searching online. Once you have a list of names, check to see if the person is competent, to give you financial advice.

Make a note of the institutions mentioned by the planner and investigate to determine that the person is eligible. The simplest method to accomplish this is by recommendation.

2. Fee-only Financial experts: 

Fee-only financial advisors make money from the fees you pay for their services. They charge this cost as a percentage of the assets they manage for you at an hourly or flat rate. Almost all fee-only advisors are fiduciaries.

They generally work on a fee-only basis to avoid potential conflicts of interest. Because their income is from clients, it is in their best interest to ensure that you finish up with financial plans and products that work best for you.

The pricing structure varies depending on the individual, region, and depth of advice. Typically, they charge an annual fee of 0.5-1% of the total assets managed.

3. Select a skilled Financial advisor:

You're in the wrong place if you meet someone who discusses one or two things while emphasizing your ability to double your money.

Your financial portfolio should help you achieve your objectives, such as retirement, your child's education, and travel plans, with the help of an advisor.

The financial adviser should ideally ask you about your financial objectives and make an effort to comprehend what you want to accomplish with your investment.

The conversation won't turn into an investing instrument until after several exchanges. Nobody should be trying to offer you financial items.

4. Planning and execution abilities of the advisor: 

It doesn't necessarily mean that your quest is over just because someone is qualified to offer advice, charge a price, and provide your basic planning structure. Check to determine if your advisor can plan and carry it out.

So, before hiring the planner, you need to meet with them several times. In the end, the planner will be in charge of managing your money.

5. Services by Financial advisors:

The services that financial advisors offer differ from one another. Their services may include:

  • Investment guidance:  The goal of financial advisors is to help you choose investments that are within your preferred degree of risk by researching various investment possibilities.
  • Managing debt:  Financial counselors will assist you in making a repayment strategy if you have unpaid bills, such as credit card debt, student loans, auto loans, or mortgages.
  • Assistance in budgeting: Advisors can assist you in creating budgets so that you are ready to accomplish your financial objectives.
  • Insurance protection: Financial advisors may review your current policies to find coverage gaps or suggest new plans, such as long-term care insurance or disability insurance.
  • Preparation for Tax: Planning your taxes includes devising strategies to lower the amount of taxes you might owe, such as sizable charitable contributions or tax-loss harvesting. Remember that not all financial planners have a strong understanding of taxes and that tax planning differs from tax preparation. You'll probably still need a CPA or tax preparation software to submit your taxes.
  • Prepare for retirement: Your ultimate long-term aim, retirement, can be funded with the assistance of financial experts. Then, once you have retired or are about to, they can ensure that you can safeguard your money.
  • Estate preparation: Financial advisors can assist you in transferring your wealth to the following generation, whether for family, friends or charitable purposes if you want to leave a legacy.


Financial planners are experts that assist organizations and individuals in developing investment strategies that satisfy long-term objectives.

Imagine that you are searching for assistance with developing a savings strategy, coming up with investment methods for your investment portfolio, paying off debt, and beginning to save for a home.

In conclusion, you should seek the assistance of a firm that specializes in comprehensive financial planning or a personal financial planner if you want someone to look at your overall position.

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