3 selection criteria for financial advisors Gurgaon!

We get attracted really fast to all those things that offer us a shortcut for doing something; just like this blog! This blog will give you some simple yet effective tips to choose the best from your short list of financial advisors Gurgaon. It is also better to choose the right one so that you don’t end up with someone who will mess around with your hard earned money!

   1.     Why do you need one?

It is pretty interesting to note that financial advisors Gurgaon are not generalists; they are specialists! So while one financial advisor might guide you about investing in real estate, another one might guide you about retirement planning. You need to be sure about what you are expecting out of them. Yes, there are general advisors available too in case you need their advice on multiple investment schemes!

2.     Their qualification

Financial planning is a field wherein only skilled professionals can offer you good advice. Someone who is learned and has completed his CA, CFP, or CFA is more likely to offer you expert advice than someone who is not from this background. One more important reason to choose CFPs or CFAs is that they have to adhere to the code of conduct that they have sworn by. So inquire about the qualification of the financial advisor before you hire him/her.

3.     Look at the long term perspective!

If you are looking to hire a financial advisor gurgaon, have a long term perspective in mind. Do not inquire about immediate results because you simply cannot reap immediate benefits in any investments; be it fixed deposits or real estate. For actual hardcore benefits, you need to have patience and trust you advisor. Give him/her some time to manage your finances so that it reaps good benefits.

When you are on the lookout for financial planners noida, you should keep in mind that determining your own needs is what you should start with. No financial planner will be good enough if you are unclear regarding your demands! After that, you should start scouting for a suitable financial advisor.   

Have you ever thought of hiring a financial advisor gurgaon for your business?

When we talk about financial planning, people start thinking about investing

their money in shares, stocks, mutual funds etc. in order to meet the requirements of various stages of life. But rarely does one think of hiring a financial planner for business. Financial planners can turn over a company’s fortunes if handled with utmost precision. There’s a good chance of the company generating voluminous business, as well as some great turn over.

If you have never thought of hiring a financial advisor gurgaon for your business, it is time you do. A financial advisor can help you out with a lot of things that you probably haven’t thought about; starting from managing your working capital to helping you keep an eye on the operating expenses so that you don’t go overboard. 

Knowing how much working capital you should ideally have and at what rate you should keep on increasing it is very essential if you want to grow your business. Same is the case with operating expenses. Your operating expense should be optimally controlled and should always be a fixed percentage of your working capital.

A financial advisor noida can help you out with such things because they are brilliant with economics. Recently, one of my friends had the privilege of hiring someone a good financial advisor, and he can already feel the change in his business. His business has grown 1.5 times in a year, all because of careful planning and proper implementation. And mind you, implementation is more important than planning, because that’s where everything occurs.

While hiring a financial advisor, you should be careful to note whether they have performed financial advisory duties with any business firm. If they haven’t, then it is entirely up to you whether to trust them with your business or not. While they may be exceptionally good with personal financial planning, business financial planning is a different ball game altogether. We would advise you to hire someone who is adept at business advising since he will be experienced. His experience can help you out at a lot of places, including when your business is facing tough times.