We will give you three simple tips that will help you to spot probable bad companies and help you in choosing the right one –
If your advisory service focuses only on their ‘service’ When you are hiring a financial advisory service, you have every right to ask them about the returns of the accounts they are handling. If they are trying to push the ‘our service is excellent’ card and not telling you about their returns, then chances are that they are trying to cover up for their poor results. A good service is of no news unless and until you are gaining something financially!
If a lot of accounts are being withdrawn! Regardless of which financial planning firms you are interviewing, ask them about how many new accounts have been opened and how many accounts have been closed in the past few months. If the number of accounts opened is greater than the number of accounts closed, then your company is probably a safe one to invest in. If not, then there are other financial planning services in india that you can consider.
If they are constantly changing the plan! If your financial advisory firm changes a game plan every time you ask them for advice on your account, then chances are that they don’t know how to strategize well. Your strategy should be rock solid, and the advisory firm designing the same for you should have complete confidence in their strategies. Avoid them if they tell you to shift from one game plan to another because you will end up gaining nothing.