Ever wondered if you have a single source to manage, execute and account for all your personal financial planning needs like retirement planning. insurance planning, taxation planning, investment planning, loans, mortgage, and cash flow management.
It would make lives considerably easy cause you won’t have to run behind ten different people to get a hold of all your personal finance documents and account statements. With a financial planner, your financial management will be easy swift, and all in one place.
The biggest advantage of a financial planner is that he will not be a salesman trying to sell products to you with the main intention of filling his pockets with the commissions of the products he sells to you. His main goal and motive are to keep you financially safe and secure and help you achieve your goals.
Many agents and salesmen in India pronounce themselves as a financial planner but the differentiating factor is that if a person is an agent or a representative of any company then he will not be in a position to give you unbiased advice as his aim will be to tell you some story and sell his companies’ products to you. To be an unbiased advisor the person must be able to provide a comparison of various available product options.
Financial planners charge fees from their clients for the advice given just like a doctor, lawyer, or architect. The advice is genuine and based on the client’s needs, budget and after a detailed analysis of several available options