Managing your money seems like an arduous task for you? If you’re like many Indians who lack personal financial knowledge, then PebbleSilk surely would rescue you from this dilemma. First, you need to understand that financial advisors aren’t just for rich people, working with a financial advisor is a great choice for anyone who wants to manage their personal finances and set long-term objectives.
Follow these steps to find the right financial advisor for you.
1. Decide what part of your financial life you need help with:
At PebbleSilk, we provide more than just investment advice helping you chart courses for all your financial needs. This covers investment advice for retirement plans, debt repayment, tax planning, estate planning, insurance product suggestion, and many more to protect you and your family.
2. Choose which Financial Advisor services you want
Services offered by financial advisors vary depending upon your need, but advisors may provide any of the following:
Investment advice: The goal of financial advisors is to help you choose investments that are within your desired level of risk by researching various investment possibilities.
Managing Debt: A financial advisor assists you to develop a repayment strategy if you have unpaid bills, such as credit card debt, student loans, auto loans, or mortgages.
Budgeting Help: Financial advisors help in analyzing your paychecks and your expenditure and help you craft budgets to fulfil your financial goals.
Insurance Coverage: Financial advisors identify any current gaps in your current policies and recommend new types of policies depending upon your financial situation.
Tax Planning: Tax planning involves a proper strategy to save the amount of money that you pay in taxes by investing in PPF, NPS, etc.
Retirement Planning: Financial advisors help you build funds for your long-term goals, and retirement, and assure you that your money is safe while you’re nearing your retirement.
Estate Planning: Financial advisors also help you in the transfer of your wealth to the next generation, whether that’s family, friends, or charitable causes.
The Bottom Line
Make sure that you get the right financial advisor who meets your fiduciary and financial needs. The right financial advisor helps you achieve your financial goals and financially protect yourself, and your loved ones and secure everyone’s future.