Edelweiss Insights Top reasons to hire a financial advisor, today!

Top reasons to hire a financial advisor, today!

Here are five reasons why investors should look at hiring a financial advisor.
Edelweiss Feature Apr 3, 2019

Where would a team be without its coach, a class without a professor or a tourist without its map! Working with a professional, someone who has analysed and reviewed the subject area thoroughly can prove to be an asset. Here are 5 reasons why investors should look at hiring a financial advisor.

Customised services

A financial advisor is someone who pays close attention to  his client’s life plans and goals, so when a financial plan is drawn out, it is customised to the person’s specific needs. Apprehensions, if any, can also be taken into consideration and treated with the utmost seriousness so when the final plan is created, it aims to satisfy all the client’s requirements.

To achieve your goals in a systematic manner

Short-term goals like an international trip or upgrading the car are different from long-term goals like retirement planning. The importance of financial advisor comes to the forefront when they evaluate the client’s expectations and devise a plan that caters to these specific requirements keeping in mind his income, budget and tax obligations among others.

To invest in options that work for the client

Stock, equity, blue chip funds, hybrids, insurance; more the terms, more the confusion it creates for someone not familiar with the subject. An investment advisor will take the time to guide his clients, so that they understand all available options and figure out what may be used to create wealth for their clients.

No Surprises

By revisiting the client’s financial plan at regular intervals, a financial advisor can help the client factor in details like urgent home renovation expenses or unexpected trips. A financial plan can be tweaked, monthly deposits rearranged, new goals added or altered so that there are no interruptions to the well thought-out investment schedule. With a financial advisor by an investor’s side, most of the surprises of day-to-day life can be catered to.

Knowledge and experience

An advisor’s considerable experience is at the investor’s disposal when it comes to investments. Advisors carry out research, study and stay updated on new developments in the market so that their clients are among the first to know about new schemes or investment scenarios that may help fast-forward their wealth creation plans.

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