Everything you want to know about Financial Advisor

financial advisor

Who is a Financial Advisor?

A financial advisor is a financially educated intermediary in the industry that provides time-to-time guidance on how and when to save money and/or make investments. The advisor also makes recommendations of a comprehensive financial plan and/or for particular investments that should be made as part of that plan. A financial advisor helps us in managing our finance and resources in the best possible way including how to choose the best financial instrument, how much money to invest, how frequently to analyze, and, if required, remedial actions in case of adversity.

Role of Financial Advisor in our life:

A qualified advisor will always safeguard your interests and will never let you go bankrupt even in the worst market situation. He will always help you withstand the uncertainties of the market. He will never let go of your hands during crisis.

They are domain expert on managing your personal finances through the best available financial planning tools available. They help you set your financial goals, checklist all available resources, analyze your current financial health, plan sound investment and saving strategies and design a comprehensive and sound plan to achieve your financial goas and objectives.

They implement the plan very efficiently and keep a track of the progress periodically for review and recommendations. If required they help in modification of the plan as per the circumstances.   

Importance of Financial Advisor: 

A financial advisor speeds up the process of creating wealth and safeguards it once it has been acquired. His value addition in our overall financial planning in several aspects as mentioned below-

  • Does overall financial health analysis
  • Helps to set our financial goals and objectives
  • Analyze the available resources
  • Foreseeing the unforeseen hurdles in achieving our goals and objectives
  • Bridging the gap between aspired and attainable goals and objectives
  • Solution oriented in-depth knowledge of financial planning, financial products, market and industry.
  • They have strong relationships to multiple intermediaries in the market to create customized plan for you
  • Save your time by managing your entire portfolio at one go

Conclusion:

An expert financial advisor helps you to set up your SMART Goals (Specific, Measurable, Attainable, Realistic, and Time-bound goals). He helps you set realistic financial goals while doing your financial planning and takes into account things like your income, expected returns, and objectives. A financial advisor will give his best to help you achieve your SMART Goals.

He will regularly supervise your financial objectives and portfolio to keep a track and review the progress of your portfolio. He will provide necessary suggestions based on his knowledge of the markets and current market situation.

An expert financial advisor is just like a fitness coach, who has expertise in their domain knowledge, provides strong financial plan and ensure client’s benefit in long run. He put your financial goals on a fast track with the help of scientific process of financial planning.

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