Your Financial Planner: Your Confidante

Your Financial Planner: Your Confidante

Just as you need a friend to guide you through life, you need a financial planner to help you out with your financial goals. At least that’s what mutual fund advisors have to say. Without a dedicated financial planner by your side, you won’t be able to navigate through the complex world of investments in the best way possible.

While it is easy to find a financial planner, it is far from easy to find a good one.

Wondering what makes for a good financial planner? Well, a good one is able to understand you, i.e. his clients quite well. Moreover, he’s able to communicate clearly and can match up to your thought process. That’s not all, he’s also willing to stick by you through the ups and downs of your financial life.

In essence, your financial planner is nothing short of a friend for life for you, the investor.

While all that is well and good, it raises one particular question –

Why do you need a financial planner?

You need one because as the investor, your financial planner can help you chalk out the path of the different and crucial phases of your financial life cycle.

You get a well thought out financial plan

Image courtesy:

Financial planning is not an easy task. A lot of thought goes into it, making it a very exhaustive process. Besides, since any financial plan made has the potential to affect both the investor and their entire family, extra care needs to be taken while chalking up one. Financial data analysis is also necessary, which is something you may not be able to do on your own. This is where a financial planner steps in. They can handhold you through the hard part of the planning process so you end up a sound investment plan.

Reviews and rebalance checks are performed regularly

Once a financial plan is made, sticking to it is much easier than when you don’t have a financial planner to help you out. However, overtime deviations are likely to take place due to a number of factors. It may even so happen that the actual process of investments might follow a different course of action from the plan made. And that’s where a financial planner can help you!

Their role is not simply restricted to being your planner. They also take up the job of reviewer and perform regular checks on the plan made to ensure it is right on track. If it’s not, they rebalance the investments made so that nothing is out of place.

Quote of the Day

If the entire family takes an active part in the process of financial planning, it becomes much easier to manage the budget of the household in an effective fashion

Better execution of the plan made

Image courtesy:

As an investor, you might have some ongoing legacy investments along with a couple of bad ones. It’s highly likely that you might not even know that you have bad investments or the correct way to get rid of them. However, with the help of a planner you can get rid of any unnecessary or bad investments without as much as lifting your finger. What’s more, your financial planner can also help you make the right investments, which make up the plan.

As you can see, you really need a good financial planner. They will be with you through the thick and thin of your investment journey and will ensure that you never have to deal with a bad investment in your entire life. So don’t hesitate or think twice. Hire a financial planner for yourself and see the difference.

Leave a Reply

Your email address will not be published.

Free Consultation(book a free personalised consultation session)