BANGALORE: A financial advisor is a professional who helps clients assess their financial situation and develop plans to help them reach their future goals. Financial planners will help clients analyze and budget their cash flow, make good investments, assist with retirement planning, plan their estate, get insurance, and minimize their taxes.

The problem is that many financial advisors aren’t exactly what they seem to be. There may be a few things that your financial advisor has forgotten to tell you.

1. Not familiar with your entire financial situation

For a financial advisor to be effective, he or she must take the time to get to know a client’s entire financial situation, as well as their goals. A financial advisor is a professional that is experienced and knowledgeable enough to help evaluate, organize, and plan every aspect of a client’s finances.

They should be helping to evaluate, and plan out your financial future; they should hence have a background in finances, and the knowledge to invest your money wisely, based on your cash flow and expectations. To get the best service, consumers need to look for a planner with extensive financial knowledge and experience.