Top Mistakes People Make When Choosing Financial Advisors in India

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Choosing the wrong financial advisors can derail your financial journey. Many individuals still rely on commission-based agents who push products that benefit them more than the client. In India, one common mistake is not verifying SEBI registration, which ensures regulated, professional conduct. Another mistake is ignoring the fee structure—fee-only financial advisors are more transparent and act in your best interest. People also fail to ask the right questions about investment strategy, risk management, and experience. Always look for client reviews, performance metrics, and whether the advisor provides comprehensive planning or only investment advice. Avoid advisors who guarantee returns or discourage questioning. Being cautious and informed during the selection process can help build a successful, long-term financial plan.


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