Before deciding on a stock market advisory firm, investors must decide on how they want to pay for the service. Most stock advisors charge on a fee-based basis. Investors should compare the promises made by the advisor with the terms of their service. In case the stock advisor promises to do better than the market average, investors should ask whether they will stand by this guarantee. If not, investors should move on to the next firm.
Investing with human advice
Although robo-advisors use algorithms to make investment decisions, investing with human advice has several benefits. A human advisor spends many years developing the skills needed to help investors make the best investments. Depending on your goals and risk tolerance, a human advisor can help you tailor your portfolio to meet those needs. If you would like to have human advice, you’ll need to decide if it’s worth the additional fees.
Checking for accuracy
The quality of an investment advisor should be checked before signing up with them. They should be registered with the Securities Exchange Board of India (SEBI) in order to be able to offer advice and tips to investors. SEBI registration provides a layer of protection and guarantees that the advisor is legitimate. Furthermore, it provides investors with a voice when something goes wrong. Only a registered investment advisory firm can offer stock and share market tips.
Checking for SEBI registration
It is important to check whether your stock market advisory company is registered with the Security Exchange Board of India (SEBI), the apex authority in India’s stock market. Registration ensures the authenticity of your advisor and gives you the rights to raise your voice if anything goes wrong. It is also important to remember that only SEBI registered investment advisory companies are authorized to give you share market and stock market tips.
Checking for dedicated relationship manager
One of the most important things to check when choosing a stock market advisory company is whether they have a dedicated relationship manager. It is important to have someone to call when you have questions or need to talk about your investment plans. A dedicated relationship manager will give you regular updates and be available to you during critical times. If you have a few million dollars and are confused about the different types of advice available, a dedicated relationship manager will be able to help.