Finding the right financial planner

There are about 70,000 mutual fund distributors in India of which about 10,000 are said to be active. There are about 500 investment advisers registered with the capital market regulator, Securities and Exchange Board of India (Sebi), called registered investment advisers (RIAs). There are around 6,000 certified financial planners, certified by the Financial Planning Standard Board India (FPSB India). How do you find the right person to look after your money box? Your relationship with your financial adviser is somewhat like a marriage. If it’s a good match, your money box is taken care of. But if it’s bad match, then your money box doesn’t go anywhere and your financial goals are never met. Here are a few ways to search for the right financial adviser.

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