Certified Financial Planner – How to Find the Best One

Mutual Fund Planner in Mumbai
5 Keys Things to Know on Investing in Mutual Funds
November 15, 2018
10 Reasons Why You Need a Retirement Planner
December 13, 2018

A certified financial planner can help you manage and diversify your investments, in order for maximum returns and insulation from market risks. CFPs in Mumbai are qualified professionals with diverse experience in fund management across sectors like Banking, Mutual funds, real estate, stocks etc. If you are young salaried professional then you must absolutely consider the services of a certified financial planner, to help you manage your corpus and take the load of micro managing your investments, off from you. Investments require careful planning, and time to be devoted to understanding their nature and risks, Which is why Certified financial planners in Mumbai are becoming popular with corporate employees. In this blog, we will talk about tips to find the best certified financial planners.

  • Clientele: The clientele of a CFP can be a bearer of crucial clues, which will help you determine if he or she is the right fit for you. Don’t hesitate to ask your prospective CFP about their clientele and they should be more than willing to share the information with you. Based on their clientele, you can assess their level of expertise and experience in dealing with people who match your financial profile. Keep in mind that this isn’t the only factor that you should base your judgement on and there are many other things to consider which will be discussed in the following points
  • Past performance: After you are done, choosing a CFP which has experience in dealing with your peers, you should check the past performance and the rate of returns, that the fund manager has managed to secure for his clients over the years. This will serve as a good metric to judge their capabilities and expertise. CFPs should be more than willing to share this info with you and if they are not, it’s probably best to steer clear.
  • Qualifications: It goes without saying that like other professionals, CFPs need a minimum level of qualifications and accreditations from bodies in order to carry out their job professionally and legally. Don’t hesitate to ask your prospective CFP for his or her credentials.
  • Commissions: When it comes to commissions of CFPs can charge anywhere between 3-20% of the returns you make. This varies greatly on the client profile and the kind of services they provide. Be sure to check with your CFP about the kind of services they include in their commission, you will get an idea about any extra costs that you will have to incur. Also remember that expensive does not always mean better, and their past performance and track record is the best method to judge CFPs in this regard.

We have told you briefly about some general tips to keep in mind when looking for certified financial planners. We at SNPFP have prepared this guide based on our experience of over a decade in providing high quality financial services, including consultancy by some of the best certified financial planners in Mumbai. We would love to hear from you in case if you have any further questions regarding financial planners.

Leave a Reply

Your email address will not be published. Required fields are marked *