•  Understanding your investment needs and chalking out a financial plan:

One of the very first steps while chalking out a financial plan is to understand the need and purpose. Your financial advisor understands from you, your needs and future goals and accordingly draws a long-term plan to fulfil it.

•  Financial expertise:

A financial advisor brings with him/her, expertise about the financial markets. They undergo several trainings and carry certifications to secure the title of a financial advisor or an investment advisor. And thus, engaging a financial advisor to help with building a portfolio, chalk out your goals and help track it, could be a good idea.

•  Laying down SMART goals:

Goals need to be SMART – Specific, Measurable, Achievable, Realistic and Time-bound. Even in your financial plan, you have to chalk out goals that are achievable keeping in mind factors such as your income, expectation of return and goals. And a financial advisor would help you do this.

•  Helping you choose the ideal path to being financially fit:

Once you decide what your goals are, your financial advisor would help you choose specific investment options to achieve it. Your advisor would help you choose the appropriate financial instrument basis your risk-return requirement and match it with the appropriate financial instrument.