HOW TO CHOOSE THE BEST INVESTMENT ADVISOR?

In the world full of fake investment advisors, it becomes difficult to find the right investment expert, who can guide us about the right investment portfolio. Though finding such an expert is a difficult task, but not impossible. Here in this article, we have enlisted the pointers on what to look for an investment expert before hiring their services.

 

#1 EXTENSIVE RESEARCH ON YOUR DEDICATED INVESTMENT ADVISOR

Before hiring an investment advisor, it is important to research about his capabilities by asking him following questions.

  • Can you review my investment portfolio and suggest me the stocks that are worthwhile to invest according to my risk appetite?
  • Can you suggest some countermeasure for the investment plans that have not be carried of the way I wanted?
  • Can you suggest me the ways on how I can restrict the risk?
  • Will my investment portfolio be able to defy the prevailing market sentiments?
  • Can you assess my risk profile and offer me suggestions according to that? Remember Risk and reward is the fundamental factor that determines the investment product, so without accessing the risk profile in detail, it is impossible to select the right investment products that match with your goals.

 

#2 INVESTIGATE THE FEES STRUCTURE

Every financial planner has different fee structure which is not regulated by the market watchdog SEBI. So, before hiring their services have a look at the fees that they are charging. There are various investment advisory services that are charging exorbitant rates depending upon the size of the investment portfolio. But, we at Excel Stock Research have classified our fee structure depending upon the kind of services availed. Our services span from investing in mid-term, short-term and long-term. Unlike our competitors, we charge very modest fees (CLICK HERE TO CHECK OUR CHARGES). Our value-for-money services have helped to carve a niche for ourselves.

 

#3 DON’T CHOOSE UNQUALIFIED ADVISOR

There are many financial planners that you may take the advice from, but if you don’t want to get your fingers brunt it is important to hire a qualified investment advisor who should be a SEBI registered Investment Advisor. Other than the registered investment advisors, there are many individuals who act as “family friend” and do speculative investments by advising same stocks to all their clientele and making money out of the stock price pump.

 

#4 SHOULDN’T OFFER TO DELIVER UNREALISTIC RETURNS

In the world of financial experts, there are many quacks who claim to generate sky-high returns irrespective of the market sentiment. They may even promise the beginners to double their money in 6 months, but we at Excel Stock research have clearly mentioned on our website about different kind of services we offer, returns that we can help you to generate, on how to pick the stocks along with the fee structure. We keep complete transparency.

 

#5 DON’T CHOOSE THE ADVISOR FOR WHOM ONE SIZE FITS ALL

Customization is the need of an hour. The investment advisors need to understand that the advice offered to one of his clients may not be suitable for other. Every investor has different needs, so we recommend you not to approach an advisor that offers a uniform advice to you, your friend and a cousin. At Excel Stock Research, we have classified our services into mid-term, long-term and short-term. You can invest depending upon the time horizon, risk appetite, expected returns and holding period. (CLICK HERE TO KNOW ABOUT OUR SERVICES)

 

CONCLUSION

In the end, we would like to conclude that it is important to find a stock market advisor, who understands your mindset, guide you in a right direction, have a thorough knowledge of financial products and risks associated with it and is best suited for your asset size.

Taken all these reasons together we can safely say that stock market trumps other conventional forms of investment in terms of growing your investment and securing your future.