The Evolution of Financial Advisory Companies in India
Financial advisory companies in India have transformed significantly over the past decade. Earlier, advisory services were limited to traditional investment options like fixed deposits and life insurance. However, with the rise of financial literacy, advisory firms now offer comprehensive solutions, including mutual funds, equity investments, NPS, and tax planning. Moreover, the rise of fintech platforms has made it easier for individuals to access advisory services from anywhere in the country. Firms like Scrip box, 1 Finance, and Cube Wealth are leveraging technology to provide data-driven recommendations tailored to individual risk profiles. The emergence of fee-only advisory models has further enhanced transparency, reducing the risk of biased recommendations. As investors become more discerning, the demand for certified financial planners and SEBI-registered advisors continues to grow, making financial advisory a booming sector in India.
Comments
Post a Comment