It is a very common occurrence to read in the newspapers about alleged financial advisors duping the public and then running away with the money. It happens frequently in our country, and that’s why people are often wary of investing their money with financial advisors noida. There are several ways in which you can select the right kind of financial advisor, and also ways in which you can avoid the fraudulent ones. Let’s have a look at both the things to do and not to do –
Things to do
· Do a background check Doing a background check gives you relevant information about the advisor such as how much experience does he have, which companies has the advisor worked for previously, whether the person is registered with the financial advisors association, does he have any consumer cases against him, and so on and so forth.
· Ask for a presentation Whenever you shortlist any financial consultant gurgaon, make sure that you ask them for a face to face presentation. Not only will it let you know how clear the financial advisor is about his own subject, but also it will indicate what is body language says. The body language can tell you various things about them.
Things NOT to do
· Do not get greedy Often inside local buses and trains, we spot advertisements that say ‘Double your money in 5 days’, or ‘Invest 1 lakh and get 1 crore in 1 year’. Such advertisements are totally baseless and fraudulent, for if there were genuinely such schemes then the entire world would’ve been sitting on billions right now! But people often throw logic out of the window and get greedy on seeing such ads. Do NOT fall prey to such scams.
· Do not select the first advisor that you meet It might happen that the first financial advisor noida that you meet turns out to be very impressive understands your needs exactly and suggests some investment options that you absolutely love! However, you cannot hire the first financial advisor that you come across. Meet at least 4-5 of them to get an idea.
Things to do
· Do a background check Doing a background check gives you relevant information about the advisor such as how much experience does he have, which companies has the advisor worked for previously, whether the person is registered with the financial advisors association, does he have any consumer cases against him, and so on and so forth.
· Ask for a presentation Whenever you shortlist any financial consultant gurgaon, make sure that you ask them for a face to face presentation. Not only will it let you know how clear the financial advisor is about his own subject, but also it will indicate what is body language says. The body language can tell you various things about them.
Things NOT to do
· Do not get greedy Often inside local buses and trains, we spot advertisements that say ‘Double your money in 5 days’, or ‘Invest 1 lakh and get 1 crore in 1 year’. Such advertisements are totally baseless and fraudulent, for if there were genuinely such schemes then the entire world would’ve been sitting on billions right now! But people often throw logic out of the window and get greedy on seeing such ads. Do NOT fall prey to such scams.
· Do not select the first advisor that you meet It might happen that the first financial advisor noida that you meet turns out to be very impressive understands your needs exactly and suggests some investment options that you absolutely love! However, you cannot hire the first financial advisor that you come across. Meet at least 4-5 of them to get an idea.