1. Time management- A dedicated financial planner should be able to devote sometime everyday to sit with the client and make them familiarize with the current trends of the financial world. The key is to effectively use the financial calculators amidst so much of floating information that will help the client in the long run.
2. Affordability- Hiring a professional financial advisor involves money, around 10,000 to 30,000 just to design a plan. Hire a planner only if you think that he understands your financial goals and helps you in the implementation process.
3. Availability- Since the economic structure is fast changing in India, there are a number of financial planners available. Make sure to check their background, fee structure, credentials and references among others before hiring a planner. There are always options available, hence do not settle for anything but the best.
4. Knowledge- This is one of the deciding factors while selecting a financial advisor. They should possess the knowledge about the current market trends, which markets are most beneficial for investment and the stocks that would yield maximum returns.
5. Complications- If you have income coming from multiple sources and have too many investments scattered of which you do not have a clue about then it is best to consult an advisor who would give you a holistic view about your investments and help you sort out your finances.
After reviewing the above factors, you should be able to make a decision regarding the best financial advisor who would be responsible for managing your financial affairs.