7 Questions You Should Ask to Your Financial Consultant

Money is always a major bone of contention when it comes to personal assets. it is something that is most valued and people usually keep seeking ways to multiply the resource. With the need to go on growing monetary base, people start to require expert guidance in help in the process so that they do not end up going wrong in their endeavor and do not risk losing the capital that they may have gathered with great hard work and perseverance. It is because of this need for a proper management of money, that people take the help of financial experts or consultants. These are the experts, such as Syndicate finance in Mumbai, who learn about money management and make sure that their dependents or clients get the best of the money world, under their guidance. While it is natural that financial consultants work to the best of their ability, it is essential that the investors also make a strong base for hiring a particular consultant, by asking these 7 questions.

1. Will you be indulging in long term or short term investments? This is something that needs to be known, because long term investments such as insurance and pension plans are as important as the short term investments in the life of an investor.
2. How will you choose the investment instrument? It is essential to understand the modus-operandi of the investment consultant in making the investment plan. A person who is knowledgeable and knows the right investment tools is one who may be able to really help grow the investments.
3. Will you be able to advice on investments percentages? An investor should make sure that the consultant offers the right advice when talking about the percentage of an income that should be invested and the individual percentages that should be denoted to each of the different investment tools.
4. Will you be working on my portfolio proactively? It is important to know whether the consultant will advice proactively on investment advice as per the positive trends of the markets, because someone who misses an opportunity may never be termed as a good consultant.
5. How effective can you be in making me achieve my dreams? A consultant should be able to also advice on investments in options such as property and taking loans from private agencies as well as public banks. This the kind of adviser that proves to be beneficial in the long run.
6. Will you be able to ensure a certain amount of return? Anyone who positively replies to such a question is either God or is just trying to swindle the investor. A consultant can never be sure about the exact amount of returns, but a consultant can surely tell the best ways to get a return.

7. Finally it must be checked whether the consultant has a strong brand backing such as the Syndicate Finance. A recognized brand would make sure that the consultants are also professional and will not lead to a financial doom.