“My son is in the 9th grade. I am not sure what his interests are or what stream in education he should pursue. Should he go for Science, Commerce or Arts? Can someone help?” Many parents have such concerns. That is where one may approach an education, or a career, counselor, who has evaluated various options available for youngsters.
An investor seeking help to plan for achievement of financial goals would be in a similar position as the parent in the above case. The investor has access to so much information these days, it is mind-boggling. Getting intimidated or making mistakes are highly possible.
This is when an investment advisor or a Mutual Fund distributor is preferable.
They assess the financial situation of the investor and look at one’s financial goals. Based on this, he or she would recommend various schemes to invest in. Now it is obvious that such a person would also need to understand a lot about the various Mutual Fund schemes and keep a regular watch both on the investor’s situation as well as the various recommended schemes. Such an approach helps the investor achieve the financial goals through investments in Mutual Funds .