How to find a good financial advisor?

Описание к видео How to find a good financial advisor?

Looking for a financial advisor? What are the questions you must ask them before zeroing in on one? Watch this episode of Investors' Hangout!

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Here are the key takeaways:
* Whether you require a financial advisor depends on your expertise and willingness to learn. Beginners willing to research can go solo, but those with high stakes, limited time, or confidence issues may benefit from an advisor.
* Advisors act as mentors, guiding you to avoid common investment pitfalls like emotional decisions during market fluctuations.
* There are two main types of financial advisors—registered research analysts, who offer recommendations, and Registered Investment Advisors (RIAs), who provide tailored advice and risk assessments.
* Exercise caution with intermediaries like stockbrokers, mutual fund distributors, and wealth managers who sell investment products. They may not always provide suitable advice.

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Chapters:
00:00 Introduction
00:31 How to gauge if you are a DIY kind of investor or need someone to assist you?
03:07 How to find a trustworthy financial advisor? Is there a legal framework around it?
07:18 What are the crucial questions you must ask a potential advisor to make sure they are the best fit for you?
08:23 Viewer's question: Many agents mis-sell policies and promote investments in ULIPs and endowment plans. Should we invest in them?
10:58 Key Takeaways

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