How to Counter Check Your Advisor Before Taking His Counsel?

You will also find many like you who are taking a financial advice but they are frustrated with their advisors. There are many reasons for this like lack of trust, or ‘I know it all’ attitude of the advisors. All this makes it difficult for an investor to implement their personal finance decisions.

You and your financial advisor need a new framework of new, bold and fair policy to build a trust worthy relationship. Uma Shashikant, Managing Director of Centre for Investment Education and Learning, on behalf of ET has jotted down some tips on how to choose the best financial advisor for you.

1. Keep Away From ‘I Know It All’ Type Advisers

A advisor is a professional and it’s obvious that he knows about finance more than you, but if your advisor tries to brainwash you by saying that ‘our manager will take care of the risks’, ‘this guy is a star and he will do what it takes’ and ‘we have the expertise to do this’ then don’t get into it and stay away from this kind of advisor.

The quality of conversation is the best indicator for you to understand that how much the person opposite to you actually knows. A slapdash one does no homework and is not worth dealing with.