How to select the right financial adviser
You need to be able to ask the right questions to your adviser
Late last month, I conducted a day-long workshop for financial advisers seeking to grow and develop their non-resident Indian (NRI) business. When I saw that nearly 90% of my audience already dealt with NRIs, I decided to speed up the initial part of my presentation which covered the aspects of residency rules in India, income subject to tax locally and so on. A little while later, I was to rue that decision as knowledge about some of the basics in these areas were missing. It made me realize that investors not necessarily pick their advisers rationally. The question then is how do you choose the right financial adviser?