How to Choose a Financial Advisor in India

Starting with a conversation with a live person, you will gradually be introduced to technology, primarily for support and continuous involvement. Regular Reviews, Updating, and Discussions Will Only Be Had With Real People Through Online Meetings And Email Communications.

If you're looking for online financial advisors in India, I should warn you that the industry there could be rather complicated and lead you astray. Even while receiving advice online saves time and money, choosing an online financial planner requires extra caution.


How to Choose a Financial Advisor in India


You must first and foremost be certain of your needs. What do you really want?

  1. Do you want advise on all types of investments or just on mutual funds?
  2. Do you want to make new investments or just have your current ones reviewed?
  3. Do you require help choosing investments or comprehensive financial planning?
  4. Are you interested in having your loans, if any, reviewed?
  5. Do you require assistance with your insurance planning?
  6. Do you want extensive tax advice, estate planning advice, or just financial planning based on your goals?
  7. Before interacting with someone you think to be a good fit for your needs, make sure they are registered with SEBI.

The reason for this is that SEBI has required that only SEBI Registered Investment Advisors may refer to themselves as advisors and render advisory services beginning in 2020. By requiring them to abide by stringent compliance regulations, this is done to protect investors' interests and hold advisors accountable for the advice they provide.


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