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Why One Should Seek a Financial Planner to Achieve Financial Goal?

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My Father always suggest me to follow a golden rule – “Listen Everyone but Follow the Right One.” And this is exactly what I suggested to one of mine prospective client yesterday when he asked me ‘how could I believe that your suggestion will work better than other advisors on TV channels?’I politely answered him ‘it is up to you which suggestion you should follow but always remember one thing that a committee of experts telling you what to do with your money is not a financial advice but it’s merely a financial compromise.’

I’m not confusing you but I just want to signify that following the advice of an experienced financial advisor or specialist is worthy than following someone who don’t know anything about your financial circumstances but recommends financial products for the sake of his or her earning. A good financial planner always first try to understand your financial expectations and then he implements strategic master plans to meet your life’s financial objective under unexpected financial circumstances.

Taking recommendations from a financial advisor is just like seeking treatment for an illness from a chemist rather than from a professional doctor. If a person become sick for a day, the medicine suggested by a chemist may does the trick but if the illness persists for long then only people realize that only experienced doctor can give the best treatment when it comes to health. However, in case of financial planning & management, most people usually shy from taking help due to number of reasons like: financial planning through expert advice is just a waste of money or some people even think that they’ll better manage their finances. Whatever may be the reason behind their shyness but such ideology didn’t pay them the highest return that they usually deserve.

When people started earning a good salary and living within their means, they usually feel that they do not need to waste both money and time on seeking a financial planner. But, they didn’t know that an expert advice will really help them to manage their unmanaged funds much better than self-management. To plan & budget for the different stages of life, one should seek help of an experienced financial advisor because such advices will really help them to chart their financial goals.

A good financial planner first look into a person’s aspiration & examines his financial situation, future goals, risk appetite, current holdings and health & after such analysis, he creates a roadmap to achieve his client financial objective in a consistent & predictable way. A professional advisor chooses the most suitable financial instrument & determines the right asset allocation to meet his client’s financial goal. Asset allocation is the toughest part of financial planning but an experienced planner not only creates a strong portfolio but also he consistently rebalances the portfolio so that the right balance must always be balanced for a specific short term or long term financial goal.

A professional financial planner always suggests the best advice to build financial wealth & clarifies the consequences of early planning versus late planning for a specific goal. For example: Let’s say you’re planning for your retirement, if you’ve started planning early (say at 25 years) & consistently invest on a decent finance plan through monthly SIP of Rs 5000 for 35 years then after your retirement, you’ll receive Rs 3.25 Crore as a return for your Rs 21 Lakh investment. But, if you started your planning at 35 with monthly SIP of Rs 15000 then the total investment of 45 Lakh for 25 years (60 as retirement age) will give you only Rs 2.85 Crore (less than Rs 5000 monthly SIP) as a return.


In personal finance, time is equally valuable as money. Managing your personal finance is all a matter of trial and experience which an individual usually lacks even after thorough research to make a right investment decision. For the success of any financial plan, role of a right financial advisor is very crucial and you should choose someone who puts your interests first while discussing financial plan. Whatever, your financial advisor can advise but as an investor, it is up to you follow the given advice or not as it’s all about your money. So, be cool, patience & also alert & explore yourself as a safe investor.

Mr. Ajay Kumar Jain, M.Sc, Chairman And Managing Director
Being the Chairman And Managing Director, he focuses on holistic investment planning and wealth management and tries to make investment planning simpler for retail and HNI investors. Investor education is one of the prime things that Mr. Ajay Jain focuses on as he believes financial education is the foundation of successful investing. With over two decades of experience, Mr. Jain has made a mark in the Indian mutual fund industry due to his compassion and sheer hard work.

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