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3 reasons: Why one might need a Financial Adviser

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To hire a financial adviser or not is debatable. While a DIY investor/expert can manage things for himself, there is definitely a value-add that a good financial adviser brings on the table.

Adviser can help the investments grow at a healthier pace than an individual might be able to achieve for himself. Adviser uses advanced and costly tools, the benefits of which are passed to all his clients without the need of clients paying for the research individually. It makes better economics sense.

Published in: Economy & Finance, Business
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3 reasons: Why one might need a Financial Adviser

  1. 1. 3 Reasons Why one might need a FINANCIAL ADVISOR? “Money is the best deodorant.” – Elizabeth Taylor www.thefundoo.com
  2. 2. BE WEALTHIER @BETTER ECONOMICS.1 A +2% annual impact (post advisor fee) on return over 25 years can make a difference of more than +30% on your net worth. (Advisor can aid that by better asset allocation, healthy investments/funds selection) Think again, if you believe that advisor was a cost center. Advisors invest in expensive research/tools to create smart portfolios for their clients It’s uneconomical for an individual to buy such research. Free advice is unreliable.
  3. 3. BENEFIT FROM SCALE.2 Imagine getting the insurance claim when you/your family needed it badly, just because you had the right plan and servicing. Priceless… right? The 0.x% discount on home loan, better pricing on wealth products, group benefits on real estate are many by-products of having a good advisor. Advisors can help you get better terms, better pricing, better servicing. It matters. Advisors and their groups negotiate on behalf of thousands of customers. You benefit from the scale.
  4. 4. LEVERAGE EXPERTISE.3 Don’t do-it-yourself until and unless you are an expert. Insurance, investments, retirement planning, children education, Will etc. are all important but difficult to manage. Outsourcing to financial expert keeps financial fitness in better shape. They bring in objectivity in investment decisions, which investors otherwise miss leading to losses. Advisors know financial health matters like doctors know medicine. They bring objectivity as independent advisors. Advisors have relevant education and expertise to guide clients through financial matters.
  5. 5. I don’t need an advisor because…X I am an expert myself. That’s fine. Stay on track, Be objective. Advice is freely available. It’s costly. Mis-selling? Look at the benefits. Good advisors outnumber bad ones. Much bad advice is given free. Benjamin Graham Generally, opinions are free. Qualified advice is not. Beware of false knowledge; it is more dangerous than ignorance. George Bernard Shaw Accidents happen. Be careful but don’t stop driving; enjoy it.
  6. 6. Sharad Singh 3sharad@gmail.com www.thefundoo.com

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