Best Financial Planning in Gujarat

Why should one deal with an advisor who is a Fiduciary?

Fiduciary responsibility is the guarantee that the advisor is acting honestly in the client's best interests. To act only in the client's best interest at all times, the advisor needs to be independent & should receive the remuneration only from the client, by way of a fee.

This way, the advisor's interest can genuinely be aligned with the client. Conflicts of interest get minimized when representing a client, unlike a product seller who means his/ her Principal.

Also, since the remuneration is only by way of fees from the client for a fee-only investment advisor, they would need to demonstrate their value & usefulness on an ongoing basis to justify their cost.

That ensures that the certified investment advisors in vadodara has a clear incentive to stay updated & offer high-quality services to justify their remuneration.

It is in sharp contradistinction to product sellers who would be paid a fixed percentage on product sales, which is in no way linked to their knowledge levels or the service received by the client. The client has no control over what they are indirectly paying – they can do nothing about it, even if the service quality is terrible.

Is Financial Planning the preserve of the rich ?

Many people think that they do not make enough money to hire a financial planner/adviser's services. People have this impression that best financial Planning near gujarat is for the rich & well endowed. The other widely prevalent opinion is that financial planners are wildly expensive and hence are not affordable.

Everyone needs Best financial Planning in india. It is needed more by those who are moderately endowed than the rich ones – for the margin of error in the former is much smaller. Hence, financial Planning is needed more by those on a tight leash than those rolling in money.

A SEBI Registered investment advisor in Vadodara would also help the client manage money more efficiently, bring in tax efficiencies in their investments, suggest the right investments in line with their goals, risk profile and also ensure mistakes are avoided – all of which will save money for the client.Hence, the fee would be more than offset by the savings. And most importantly, there will be a blueprint to follow, and there would be clarity & peace of mind.

Is it necessary to always go to a financial planner/ adviser?

If one has the necessary knowledge, interest, skills & time to understand one's requirements and evaluate options, an advisor may not be required. There are people like this who can do it themselves. But they are a small minority.

For most people, it would be advisable that they approach a financial planner to seek professional advice. This is just like going to a lawyer, doctor, or architect to get appropriate advice. When choosing an adviser, one needs to exercise caution. See whether the adviser/ planner is an RIA with SEBI, their credentials, experience, etc.