subject: How to Choose a Good Investment Advisor? [print this page] Are you registered with SEBI ? Are you registered with SEBI ?
Are you member of NSE & BSE?
Is your Terminal Operator NCFM Certified?
Are you AMFI Certified?
Are you IRDA certified?
What licenses, certificates and registrations do you have?
What services do you provide?
What kind of clients do you serve?
How many clients do you have?
How long have you been in the business?
How would you summarize your philosophy of money management?
How you analyze technical & fundamental research and which software do you use for this?
What types of investments do you recommend?
What is your area of expertise?
What separates you from others in the field?
What are your educational credentials and business experience?
How do you keep up to date in the field?
How does your past investment performance rank against your benchmarks and peers?
How are you compensated and how do you set your fees?
How are fees calculated?
What do I receive for that fee?
How often do you communicate with your clients?
How often will the portfolio be reviewed?
Once you are satisfied with the credentials of your financial advisor by asking above said questions, the most important thing is the trust and belief you have in him. You have a choice when choosing your investment advisor. Make your choice wisely. This becomes a partnership and like any other partnership, to succeed it has to be base on faith. He is the one who will keep in mind your age, your needs, current and future liabilities and your lifestyle then will accordingly outline a solid financial plan that can help you reach your short, medium and long term financial goals.
