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Even if you have a basic understanding of taxes and personal finance, you may find yourself in a situation where the advice of a financial advisor is required. Understanding personal finance is essential to managing your money, just as many Investment services company  India do.

But how do you know when you should hire a financial planner? Let’s look at some critical points when it might be a good idea to seek assistance.

When is the best time to hire a financial advisor?

1. Planning for Retirement

You work for years to save enough money to live comfortably after retirement. While there are several investment avenues in India to help you build your retirement corpus, it takes the advice of an investment advisor to figure out how to best use the money you have to create the retirement fund you need. As a result, the best candidate for this position is the Sebi investment advisor. When considering retirement, consulting with a professional is a good idea.

2. You Earned a Pay Raise

As we all know, a pay raise is always a cause for celebration. However, once the initial euphoria fades, the question of what to do with all those extra dollars remains. You could use your extra cash if you have debts or obligations to meet. If you’re unsure what to do with the extra money, talk to a financial planner, such as an Investment services company in India.

A financial advisor with years of experience could help you use the hefty raise you received to increase your long-term wealth rather than use it for short-term needs.

3. You’ve Just Received Your First Salary

When you receive your first paycheck, it may be the best time to hire a financial advisor. This is particularly true if you have a high-paying job that provides you with more money at the end of the month than you can manage on your own.

A knowledgeable financial planner can assist you in making sense of investments and tax planning so that your salary is put to the best use possible. One of the most prudent financial decisions anyone can make is to seek advice or hire a financial planner early on.

4. You Want to Lower Your Taxes

A change in the tax regime, an increase in your pay, or even the sale of a capital asset such as a building or a plot of land could push your income into a higher-tax bracket. If this occurs, you can hire a financial advisor to learn how to reduce your tax burden.

While you may be aware of the critical elements of tax saving, such as section 80C deductions, a financial expert can assist you in taking advantage of all the benefits available for your specific taxpayer profile, allowing you to minimize your tax liability.

Three Essential Qualities for a Financial Advisor

A good financial advisor must possess three key characteristics. These characteristics are not interchangeable and cannot be replaced. Among these are:

  • Education: Some self-trained Financial Advisors have worked in the industry for years, gaining experience and success. However, this is not your goal; you will need the proper education to break into the industry. Depending on the industry in which you want to start your career, various eligibility criteria exist. Some organizations, such as the Sebi registered investment advisor, require candidates to have a bachelor’s or master’s degree in finance with a specialization in accounting and financial management. To reach the top of the pyramid, however, you must choose CFP or the Certified Financial Planner Charter.
  • Experience: As you may know, most clients, regardless of qualification, prefer to seek advice from a seasoned professional rather than a novice. Financial advisors must gain experience in this field before becoming independent. Before becoming self-employed, you can work for a financial firm or intern for a top-rated advisor. As a result, you will become intimately acquainted with the industry’s fundamentals and the strategies employed on a case-by-case basis. Unrivaled experience, regardless of degree or qualification.
  • Soft- Skills: A financial advisor’s responsibilities go beyond simply reading numbers, interpreting them, and advising clients. Currently, a variety of software and tools can perform these tasks. As a result, you will need to learn various soft skills, education, and experience. Communication skills are essential in this industry, and proficiency in multiple languages is advantageous in a diverse country like India. Also, you can learn organisational and client-service skills to help you stay ahead of the competition.


When you have extra money to invest in the future, you should consult with an investment advisor. Consult a sebi investment advisor if you want to save for a specific goal, such as your child’s education or your retirement. Finway FSC can assist you in this regard.

An investment advisor can help you make the most of your money and achieve your financial goals. They can provide expert guidance on where to invest your money and how to minimize risk.

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